CW Advisors LLC cut its position in Booz Allen Hamilton Holding Corporation (NYSE:BAH – Free Report) by 13.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,686 shares of the business services provider’s stock after selling 11,899 shares during the quarter. CW Advisors LLC owned 0.06% of Booz Allen Hamilton worth $7,881,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Isthmus Partners LLC raised its position in Booz Allen Hamilton by 1.4% during the second quarter. Isthmus Partners LLC now owns 94,662 shares of the business services provider’s stock valued at $9,857,000 after purchasing an additional 1,342 shares in the last quarter. Taikang Asset Management Hong Kong Co Ltd increased its stake in shares of Booz Allen Hamilton by 16.9% in the 2nd quarter. Taikang Asset Management Hong Kong Co Ltd now owns 26,082 shares of the business services provider’s stock valued at $2,716,000 after purchasing an additional 3,778 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Booz Allen Hamilton by 227.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 698,930 shares of the business services provider’s stock worth $72,780,000 after buying an additional 485,425 shares in the last quarter. Quantbot Technologies LP lifted its position in shares of Booz Allen Hamilton by 503.2% during the 2nd quarter. Quantbot Technologies LP now owns 96,049 shares of the business services provider’s stock worth $10,002,000 after buying an additional 80,127 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp boosted its stake in Booz Allen Hamilton by 197.1% in the second quarter. OMERS ADMINISTRATION Corp now owns 13,867 shares of the business services provider’s stock valued at $1,444,000 after buying an additional 9,200 shares in the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.
Booz Allen Hamilton Trading Up 6.1%
Shares of NYSE BAH opened at $87.52 on Friday. The firm has a 50 day moving average price of $90.54 and a two-hundred day moving average price of $101.33. The stock has a market cap of $10.62 billion, a P/E ratio of 13.36, a price-to-earnings-growth ratio of 1.46 and a beta of 0.34. Booz Allen Hamilton Holding Corporation has a 52-week low of $79.23 and a 52-week high of $149.27. The company has a debt-to-equity ratio of 3.89, a quick ratio of 1.76 and a current ratio of 1.76.
Booz Allen Hamilton Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Friday, November 14th were paid a $0.55 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $2.20 annualized dividend and a dividend yield of 2.5%. Booz Allen Hamilton’s dividend payout ratio is presently 33.59%.
Insider Activity
In related news, CEO Horacio Rozanski acquired 23,800 shares of the business’s stock in a transaction that occurred on Thursday, October 30th. The shares were bought at an average cost of $84.66 per share, with a total value of $2,014,908.00. Following the completion of the purchase, the chief executive officer directly owned 687,745 shares in the company, valued at $58,224,491.70. The trade was a 3.58% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.91% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
Several research analysts have commented on the company. Bank of America downgraded Booz Allen Hamilton from a “buy” rating to an “underperform” rating and set a $90.00 target price for the company. in a research note on Friday, October 24th. TD Cowen reiterated a “hold” rating and set a $105.00 price objective (down from $125.00) on shares of Booz Allen Hamilton in a research report on Friday, October 17th. Truist Financial set a $90.00 price objective on shares of Booz Allen Hamilton in a research note on Friday, October 24th. UBS Group decreased their target price on shares of Booz Allen Hamilton from $115.00 to $93.00 and set a “neutral” rating on the stock in a research note on Monday, October 27th. Finally, The Goldman Sachs Group dropped their price target on Booz Allen Hamilton from $93.00 to $80.00 and set a “sell” rating for the company in a research note on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $110.82.
Check Out Our Latest Report on Booz Allen Hamilton
Booz Allen Hamilton Company Profile
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.
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