Harvest Fund Management Co. Ltd Grows Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Harvest Fund Management Co. Ltd boosted its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 64.3% in the 4th quarter, HoldingsChannel reports. The firm owned 1,071 shares of the business services provider’s stock after purchasing an additional 419 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Booz Allen Hamilton were worth $137,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Morgan Stanley boosted its position in shares of Booz Allen Hamilton by 4.2% during the 3rd quarter. Morgan Stanley now owns 4,924,570 shares of the business services provider’s stock valued at $538,108,000 after acquiring an additional 199,449 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Booz Allen Hamilton by 19.3% in the third quarter. Ameriprise Financial Inc. now owns 4,546,664 shares of the business services provider’s stock valued at $497,084,000 after purchasing an additional 736,404 shares during the last quarter. WCM Investment Management LLC grew its stake in Booz Allen Hamilton by 0.9% in the fourth quarter. WCM Investment Management LLC now owns 4,229,460 shares of the business services provider’s stock valued at $537,776,000 after purchasing an additional 39,528 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Booz Allen Hamilton by 30.1% in the third quarter. JPMorgan Chase & Co. now owns 2,968,252 shares of the business services provider’s stock valued at $324,341,000 after purchasing an additional 686,318 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings in Booz Allen Hamilton by 64.1% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,992,096 shares of the business services provider’s stock worth $217,676,000 after acquiring an additional 778,437 shares in the last quarter. 91.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Booz Allen Hamilton

In other news, CFO Matthew Calderone sold 1,500 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $146.51, for a total transaction of $219,765.00. Following the sale, the chief financial officer now directly owns 25,462 shares in the company, valued at approximately $3,730,437.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Booz Allen Hamilton news, CFO Matthew Calderone sold 1,500 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $146.51, for a total transaction of $219,765.00. Following the completion of the transaction, the chief financial officer now directly owns 25,462 shares of the company’s stock, valued at approximately $3,730,437.62. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Kristine Anderson sold 5,068 shares of the stock in a transaction on Friday, January 26th. The shares were sold at an average price of $139.88, for a total value of $708,911.84. Following the transaction, the chief operating officer now directly owns 71,656 shares of the company’s stock, valued at $10,023,241.28. The disclosure for this sale can be found here. Insiders have sold 55,568 shares of company stock worth $8,067,487 over the last quarter. 1.76% of the stock is owned by corporate insiders.

Booz Allen Hamilton Price Performance

Shares of NYSE:BAH opened at $144.17 on Thursday. Booz Allen Hamilton Holding Co. has a 52 week low of $89.80 and a 52 week high of $150.59. The company has a market cap of $18.71 billion, a P/E ratio of 46.58, a P/E/G ratio of 1.97 and a beta of 0.53. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 3.10. The business has a fifty day simple moving average of $146.01 and a 200-day simple moving average of $134.66.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings data on Friday, January 26th. The business services provider reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.28. Booz Allen Hamilton had a return on equity of 65.31% and a net margin of 3.96%. The company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.54 billion. During the same quarter in the previous year, the firm posted $1.07 earnings per share. The firm’s quarterly revenue was up 12.9% on a year-over-year basis. Equities research analysts forecast that Booz Allen Hamilton Holding Co. will post 5.39 EPS for the current year.

Booz Allen Hamilton Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 12th were paid a dividend of $0.51 per share. The ex-dividend date was Friday, February 9th. This represents a $2.04 annualized dividend and a yield of 1.41%. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.47. Booz Allen Hamilton’s dividend payout ratio is presently 65.81%.

Analyst Ratings Changes

A number of research firms recently commented on BAH. Truist Financial lifted their target price on Booz Allen Hamilton from $120.00 to $145.00 and gave the stock a “hold” rating in a report on Monday, January 29th. Jefferies Financial Group boosted their price objective on Booz Allen Hamilton from $150.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. boosted their price target on Booz Allen Hamilton from $120.00 to $136.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 6th. Barclays lowered Booz Allen Hamilton from an “equal weight” rating to an “underweight” rating in a research note on Friday, January 5th. Finally, Wells Fargo & Company upped their price target on Booz Allen Hamilton from $138.00 to $158.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $145.11.

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