Cambridge Investment Research Advisors Inc. Lowers Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Cambridge Investment Research Advisors Inc. decreased its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAHFree Report) by 38.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,130 shares of the business services provider’s stock after selling 9,520 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Booz Allen Hamilton were worth $1,935,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BAH. First Financial Corp IN lifted its stake in Booz Allen Hamilton by 21.3% during the 4th quarter. First Financial Corp IN now owns 472 shares of the business services provider’s stock worth $60,000 after acquiring an additional 83 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of Booz Allen Hamilton by 2.2% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,975 shares of the business services provider’s stock valued at $508,000 after purchasing an additional 86 shares during the period. Greenleaf Trust grew its holdings in shares of Booz Allen Hamilton by 1.9% in the fourth quarter. Greenleaf Trust now owns 5,335 shares of the business services provider’s stock valued at $682,000 after purchasing an additional 99 shares in the last quarter. Valley Wealth Managers Inc. increased its stake in Booz Allen Hamilton by 4.0% during the 3rd quarter. Valley Wealth Managers Inc. now owns 2,755 shares of the business services provider’s stock worth $301,000 after buying an additional 106 shares during the period. Finally, VisionPoint Advisory Group LLC grew its stake in shares of Booz Allen Hamilton by 75.6% during the third quarter. VisionPoint Advisory Group LLC now owns 274 shares of the business services provider’s stock worth $30,000 after purchasing an additional 118 shares in the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Stock Up 0.9 %

Shares of NYSE:BAH opened at $151.84 on Wednesday. The company has a debt-to-equity ratio of 3.20, a current ratio of 1.62 and a quick ratio of 1.62. The stock has a market cap of $19.64 billion, a P/E ratio of 33.01, a P/E/G ratio of 1.84 and a beta of 0.57. Booz Allen Hamilton Holding Co. has a 1-year low of $102.30 and a 1-year high of $164.43. The firm has a fifty day moving average price of $148.69 and a 200 day moving average price of $140.23.

Booz Allen Hamilton (NYSE:BAHGet Free Report) last announced its earnings results on Friday, May 24th. The business services provider reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.10. The business had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.71 billion. Booz Allen Hamilton had a net margin of 5.68% and a return on equity of 68.12%. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.01 earnings per share. Sell-side analysts predict that Booz Allen Hamilton Holding Co. will post 6.04 EPS for the current year.

Booz Allen Hamilton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 13th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $2.04 dividend on an annualized basis and a yield of 1.34%. Booz Allen Hamilton’s payout ratio is currently 44.35%.

Insider Transactions at Booz Allen Hamilton

In other news, EVP Susan L. Penfield sold 18,522 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $153.73, for a total transaction of $2,847,387.06. Following the transaction, the executive vice president now directly owns 33,788 shares in the company, valued at $5,194,229.24. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, EVP Susan L. Penfield sold 18,522 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $153.73, for a total value of $2,847,387.06. Following the completion of the sale, the executive vice president now directly owns 33,788 shares of the company’s stock, valued at approximately $5,194,229.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Matthew Calderone sold 1,500 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $146.51, for a total value of $219,765.00. Following the transaction, the chief financial officer now directly owns 25,462 shares in the company, valued at approximately $3,730,437.62. The disclosure for this sale can be found here. In the last quarter, insiders sold 58,749 shares of company stock worth $9,036,919. Company insiders own 1.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BAH. JPMorgan Chase & Co. lifted their price target on Booz Allen Hamilton from $120.00 to $136.00 and gave the stock a “neutral” rating in a report on Tuesday, February 6th. Wells Fargo & Company upped their price target on Booz Allen Hamilton from $158.00 to $169.00 and gave the company an “equal weight” rating in a report on Tuesday, May 28th. Jefferies Financial Group boosted their price objective on shares of Booz Allen Hamilton from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Truist Financial increased their target price on shares of Booz Allen Hamilton from $145.00 to $160.00 and gave the company a “hold” rating in a research report on Tuesday, May 28th. Finally, TD Cowen boosted their price target on shares of Booz Allen Hamilton from $158.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Booz Allen Hamilton has an average rating of “Hold” and an average price target of $159.78.

Read Our Latest Analysis on Booz Allen Hamilton

Booz Allen Hamilton Company Profile

(Free Report)

Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to governments, corporations, and not-for-profit organizations in the United States and internationally. It also focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.

See Also

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

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