Park Avenue Securities LLC Sells 617 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Park Avenue Securities LLC lowered its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 4.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,498 shares of the business services provider’s stock after selling 617 shares during the quarter. Park Avenue Securities LLC’s holdings in Booz Allen Hamilton were worth $2,231,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Gladius Capital Management LP bought a new position in Booz Allen Hamilton during the fourth quarter worth $1,037,000. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Booz Allen Hamilton by 6.8% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 295,447 shares of the business services provider’s stock valued at $43,856,000 after buying an additional 18,815 shares during the period. Mediolanum International Funds Ltd bought a new stake in Booz Allen Hamilton in the 1st quarter valued at $2,044,000. BNP Paribas Financial Markets increased its holdings in Booz Allen Hamilton by 33.6% in the 4th quarter. BNP Paribas Financial Markets now owns 77,191 shares of the business services provider’s stock valued at $9,874,000 after buying an additional 19,432 shares during the period. Finally, Sei Investments Co. boosted its stake in shares of Booz Allen Hamilton by 47.4% in the 1st quarter. Sei Investments Co. now owns 168,377 shares of the business services provider’s stock valued at $24,995,000 after purchasing an additional 54,180 shares in the last quarter. Institutional investors own 91.82% of the company’s stock.

Insider Activity

In related news, CEO Horacio Rozanski sold 34,571 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $154.15, for a total transaction of $5,329,119.65. Following the completion of the sale, the chief executive officer now directly owns 579,025 shares of the company’s stock, valued at approximately $89,256,703.75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Booz Allen Hamilton news, CEO Horacio Rozanski sold 34,571 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $154.15, for a total transaction of $5,329,119.65. Following the completion of the transaction, the chief executive officer now owns 579,025 shares of the company’s stock, valued at approximately $89,256,703.75. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Melody C. Barnes sold 1,041 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $143.31, for a total value of $149,185.71. Following the transaction, the director now directly owns 18,123 shares of the company’s stock, valued at approximately $2,597,207.13. The disclosure for this sale can be found here. Insiders sold a total of 59,296 shares of company stock valued at $9,119,212 in the last ninety days. 1.59% of the stock is owned by insiders.

Booz Allen Hamilton Trading Down 0.6 %

NYSE:BAH traded down $0.84 on Wednesday, hitting $145.36. 754,041 shares of the stock were exchanged, compared to its average volume of 685,899. The stock has a market capitalization of $18.78 billion, a price-to-earnings ratio of 31.78, a P/E/G ratio of 2.06 and a beta of 0.57. Booz Allen Hamilton Holding Co. has a 52 week low of $106.90 and a 52 week high of $164.43. The company has a debt-to-equity ratio of 3.07, a quick ratio of 1.62 and a current ratio of 1.55. The company’s 50-day moving average price is $152.47 and its 200 day moving average price is $148.54.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings results on Friday, May 24th. The business services provider reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.10. The company had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.71 billion. Booz Allen Hamilton had a return on equity of 65.80% and a net margin of 5.57%. Booz Allen Hamilton’s revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.01 EPS. On average, equities research analysts forecast that Booz Allen Hamilton Holding Co. will post 5.97 earnings per share for the current year.

Booz Allen Hamilton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.40%. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 44.35%.

Wall Street Analyst Weigh In

BAH has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Booz Allen Hamilton from $136.00 to $154.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Stifel Nicolaus upped their price target on shares of Booz Allen Hamilton from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Truist Financial reduced their price target on shares of Booz Allen Hamilton from $160.00 to $140.00 and set a “hold” rating on the stock in a research report on Monday, July 29th. TD Cowen reduced their price target on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Monday, July 29th. Finally, Wells Fargo & Company upgraded shares of Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and reduced their price target for the stock from $168.00 to $165.00 in a research report on Monday, July 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.56.

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