ARP Americas LLC acquired a new stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH) during the second quarter, Holdings Channel reports. The fund acquired 10,000 shares of the business services provider’s stock, valued at approximately $325,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Booz Allen Hamilton Holding Corporation by 7.2% in the first quarter. Vanguard Group Inc. now owns 14,534,410 shares of the business services provider’s stock valued at $514,372,000 after buying an additional 979,130 shares in the last quarter. BlackRock Inc. boosted its position in Booz Allen Hamilton Holding Corporation by 1,951.0% in the first quarter. BlackRock Inc. now owns 8,227,419 shares of the business services provider’s stock valued at $291,169,000 after buying an additional 7,826,286 shares in the last quarter. William Blair Investment Management LLC boosted its position in Booz Allen Hamilton Holding Corporation by 9.5% in the first quarter. William Blair Investment Management LLC now owns 7,762,874 shares of the business services provider’s stock valued at $274,728,000 after buying an additional 672,544 shares in the last quarter. Alliancebernstein L.P. boosted its position in Booz Allen Hamilton Holding Corporation by 7.5% in the first quarter. Alliancebernstein L.P. now owns 6,069,268 shares of the business services provider’s stock valued at $214,791,000 after buying an additional 422,448 shares in the last quarter. Finally, FMR LLC boosted its position in Booz Allen Hamilton Holding Corporation by 4.9% in the first quarter. FMR LLC now owns 5,497,766 shares of the business services provider’s stock valued at $194,566,000 after buying an additional 258,866 shares in the last quarter. 95.17% of the stock is owned by institutional investors and hedge funds.

Shares of Booz Allen Hamilton Holding Corporation (NYSE BAH) opened at 33.39 on Tuesday. The company has a 50 day moving average price of $33.73 and a 200-day moving average price of $35.48. Booz Allen Hamilton Holding Corporation has a 12 month low of $29.55 and a 12 month high of $39.67. The firm has a market capitalization of $4.94 billion, a PE ratio of 20.05 and a beta of 1.31.

Booz Allen Hamilton Holding Corporation (NYSE:BAH) last posted its quarterly earnings results on Monday, August 7th. The business services provider reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.06. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.52 billion. Booz Allen Hamilton Holding Corporation had a return on equity of 49.46% and a net margin of 4.35%. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the firm earned $0.46 earnings per share. Equities research analysts expect that Booz Allen Hamilton Holding Corporation will post $1.88 EPS for the current fiscal year.

The company also recently declared a dividend, which will be paid on Thursday, August 31st. Investors of record on Monday, August 14th will be paid a $0.17 dividend. This is an increase from Booz Allen Hamilton Holding Corporation’s previous dividend of $0.13. The ex-dividend date is Thursday, August 10th. Booz Allen Hamilton Holding Corporation’s dividend payout ratio (DPR) is 40.72%.

COPYRIGHT VIOLATION NOTICE: “10,000 Shares in Booz Allen Hamilton Holding Corporation (NYSE:BAH) Acquired by ARP Americas LLC” was first posted by Daily Political and is owned by of Daily Political. If you are accessing this news story on another website, it was illegally copied and republished in violation of US and international copyright legislation. The correct version of this news story can be viewed at https://www.dailypolitical.com/2017/08/08/10000-shares-in-booz-allen-hamilton-holding-corporation-nysebah-acquired-by-arp-americas-llc.html.

Several research analysts have recently issued reports on BAH shares. Jefferies Group LLC cut Booz Allen Hamilton Holding Corporation from a “buy” rating to a “hold” rating and set a $36.00 price objective for the company. in a research report on Monday, July 17th. Cowen and Company reaffirmed a “buy” rating and set a $41.00 price objective (down from $46.00) on shares of Booz Allen Hamilton Holding Corporation in a research report on Monday, June 26th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $40.00 price objective (down from $43.00) on shares of Booz Allen Hamilton Holding Corporation in a research report on Friday, June 16th. Barclays PLC cut Booz Allen Hamilton Holding Corporation from an “overweight” rating to an “equal weight” rating and set a $38.00 price objective for the company. in a research report on Monday, May 1st. Finally, Bank of America Corporation cut Booz Allen Hamilton Holding Corporation from a “buy” rating to a “neutral” rating in a research report on Friday, June 16th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $37.35.

In related news, CAO Joseph W. Mahaffee sold 50,000 shares of Booz Allen Hamilton Holding Corporation stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $39.00, for a total value of $1,950,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Lloyd Howell, Jr. sold 45,000 shares of Booz Allen Hamilton Holding Corporation stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $39.01, for a total value of $1,755,450.00. The disclosure for this sale can be found here. Insiders sold 239,140 shares of company stock valued at $9,225,081 over the last quarter. Insiders own 3.04% of the company’s stock.

About Booz Allen Hamilton Holding Corporation

Booz Allen Hamilton Holding Corporation is a holding company. The Company is a provider of management and technology, consulting and engineering services to the United States and international governments, corporations and not-for-profit organizations. The Company’s client base includes government, commercial and international clients.

Want to see what other hedge funds are holding BAH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booz Allen Hamilton Holding Corporation (NYSE:BAH).

Institutional Ownership by Quarter for Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Receive News & Ratings for Booz Allen Hamilton Holding Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Booz Allen Hamilton Holding Corporation and related companies with MarketBeat.com's FREE daily email newsletter.