Panagora Asset Management Inc. Sells 2,726 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Panagora Asset Management Inc. reduced its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 35.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,861 shares of the business services provider’s stock after selling 2,726 shares during the period. Panagora Asset Management Inc.’s holdings in Booz Allen Hamilton were worth $748,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Booz Allen Hamilton during the 4th quarter worth approximately $188,129,000. AGF Management Ltd. raised its stake in Booz Allen Hamilton by 40.8% during the fourth quarter. AGF Management Ltd. now owns 1,089,265 shares of the business services provider’s stock valued at $139,328,000 after purchasing an additional 315,495 shares in the last quarter. Captrust Financial Advisors lifted its position in Booz Allen Hamilton by 29.4% during the first quarter. Captrust Financial Advisors now owns 1,076,130 shares of the business services provider’s stock valued at $159,741,000 after purchasing an additional 244,391 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Booz Allen Hamilton by 2.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,406,880 shares of the business services provider’s stock worth $1,544,798,000 after buying an additional 222,884 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of Booz Allen Hamilton by 279.7% in the 1st quarter. Van ECK Associates Corp now owns 265,492 shares of the business services provider’s stock worth $39,410,000 after buying an additional 195,578 shares during the last quarter. 91.82% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Booz Allen Hamilton news, Director Melody C. Barnes sold 1,041 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $143.31, for a total transaction of $149,185.71. Following the transaction, the director now owns 18,123 shares of the company’s stock, valued at approximately $2,597,207.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Melody C. Barnes sold 1,041 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $143.31, for a total transaction of $149,185.71. Following the transaction, the director now directly owns 18,123 shares in the company, valued at $2,597,207.13. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Richard Crowe sold 1,006 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $151.96, for a total transaction of $152,871.76. Following the completion of the transaction, the executive vice president now directly owns 29,739 shares of the company’s stock, valued at approximately $4,519,138.44. The disclosure for this sale can be found here. 1.59% of the stock is owned by insiders.

Booz Allen Hamilton Price Performance

Booz Allen Hamilton stock opened at $158.78 on Tuesday. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.55 and a quick ratio of 1.55. The stock has a market cap of $20.51 billion, a price-to-earnings ratio of 34.52, a price-to-earnings-growth ratio of 2.29 and a beta of 0.57. The firm has a 50-day moving average of $152.04 and a two-hundred day moving average of $149.94. Booz Allen Hamilton Holding Co. has a 1 year low of $106.90 and a 1 year high of $164.43.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings data on Friday, July 26th. The business services provider reported $1.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.14). The firm had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $2.92 billion. Booz Allen Hamilton had a return on equity of 65.80% and a net margin of 5.57%. On average, research analysts forecast that Booz Allen Hamilton Holding Co. will post 5.96 earnings per share for the current year.

Booz Allen Hamilton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 14th were issued a $0.51 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $2.04 annualized dividend and a dividend yield of 1.28%. Booz Allen Hamilton’s payout ratio is currently 44.35%.

Analyst Upgrades and Downgrades

BAH has been the subject of several recent research reports. TD Cowen dropped their price target on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Monday, July 29th. JPMorgan Chase & Co. boosted their target price on Booz Allen Hamilton from $136.00 to $154.00 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. Truist Financial lowered their price target on Booz Allen Hamilton from $160.00 to $140.00 and set a “hold” rating for the company in a research report on Monday, July 29th. Barclays cut their price objective on shares of Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 30th. Finally, Jefferies Financial Group raised their target price on shares of Booz Allen Hamilton from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $156.56.

About Booz Allen Hamilton

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 focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.