Squarepoint Ops LLC Purchases 32,921 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Squarepoint Ops LLC increased its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 117.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,022 shares of the business services provider’s stock after purchasing an additional 32,921 shares during the quarter. Squarepoint Ops LLC’s holdings in Booz Allen Hamilton were worth $9,391,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in BAH. Opal Wealth Advisors LLC purchased a new position in shares of Booz Allen Hamilton in the second quarter valued at $26,000. OFI Invest Asset Management purchased a new stake in Booz Allen Hamilton in the second quarter worth $29,000. Banque Cantonale Vaudoise boosted its position in Booz Allen Hamilton by 112.4% in the 1st quarter. Banque Cantonale Vaudoise now owns 206 shares of the business services provider’s stock valued at $31,000 after buying an additional 109 shares during the period. MCF Advisors LLC boosted its holdings in shares of Booz Allen Hamilton by 103.6% in the first quarter. MCF Advisors LLC now owns 226 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 115 shares during the period. Finally, Innealta Capital LLC purchased a new stake in shares of Booz Allen Hamilton in the 2nd quarter worth $34,000. 91.82% of the stock is owned by hedge funds and other institutional investors.

Booz Allen Hamilton Stock Performance

Shares of Booz Allen Hamilton stock opened at $162.05 on Friday. The business’s fifty day simple moving average is $152.43 and its 200-day simple moving average is $151.16. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 3.07. The firm has a market cap of $20.96 billion, a PE ratio of 35.23, a price-to-earnings-growth ratio of 2.30 and a beta of 0.59. Booz Allen Hamilton Holding Co. has a 52 week low of $108.64 and a 52 week high of $164.43.

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

Booz Allen Hamilton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend was Wednesday, August 14th. Booz Allen Hamilton’s dividend payout ratio is currently 44.35%.

Insiders Place Their Bets

In related news, CFO Matthew Calderone sold 3,865 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $160.00, for a total transaction of $618,400.00. Following the sale, the chief financial officer now directly owns 33,683 shares of the company’s stock, valued at approximately $5,389,280. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Melody C. Barnes sold 1,041 shares of the business’s stock in a transaction 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 completion of the transaction, the director now owns 18,123 shares in the company, valued at $2,597,207.13. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Matthew Calderone sold 3,865 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $160.00, for a total value of $618,400.00. Following the completion of the transaction, the chief financial officer now owns 33,683 shares in the company, valued at approximately $5,389,280. The disclosure for this sale can be found here. Insiders own 1.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Barclays lowered their price target on shares of Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating for the company in a research report on Tuesday, July 30th. StockNews.com downgraded Booz Allen Hamilton from a “hold” rating to a “sell” rating in a report on Wednesday. Wells Fargo & Company raised shares of Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and dropped their price objective for the company from $168.00 to $165.00 in a report on Monday, July 29th. Truist Financial increased their price target on shares of Booz Allen Hamilton from $140.00 to $165.00 and gave the stock a “hold” rating in a report on Thursday, September 5th. Finally, TD Cowen reduced their price objective on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Monday, July 29th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Booz Allen Hamilton currently has a consensus rating of “Hold” and an average target price of $159.33.

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.