Jensen Investment Management Inc. Raises Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Jensen Investment Management Inc. grew its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 8.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,900 shares of the business services provider’s stock after purchasing an additional 2,520 shares during the quarter. Jensen Investment Management Inc.’s holdings in Booz Allen Hamilton were worth $4,756,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of BAH. Opal Wealth Advisors LLC purchased a new position in Booz Allen Hamilton in the second quarter worth $26,000. OFI Invest Asset Management purchased a new position in Booz Allen Hamilton in the second quarter worth $29,000. Banque Cantonale Vaudoise grew its holdings in Booz Allen Hamilton by 112.4% in the first quarter. Banque Cantonale Vaudoise now owns 206 shares of the business services provider’s stock worth $31,000 after purchasing an additional 109 shares during the last quarter. Smithfield Trust Co grew its holdings in shares of Booz Allen Hamilton by 87.7% during the fourth quarter. Smithfield Trust Co now owns 259 shares of the business services provider’s stock valued at $34,000 after buying an additional 121 shares during the last quarter. Finally, MCF Advisors LLC grew its holdings in shares of Booz Allen Hamilton by 103.6% during the first quarter. MCF Advisors LLC now owns 226 shares of the business services provider’s stock valued at $34,000 after buying an additional 115 shares during the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Booz Allen Hamilton

In other news, Director Melody C. Barnes sold 1,041 shares of the business’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 completion of the sale, the director now owns 18,123 shares of the company’s stock, valued at $2,597,207.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BAH. Jefferies Financial Group boosted their price objective on shares of Booz Allen Hamilton from $180.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Truist Financial boosted their price objective on shares of Booz Allen Hamilton from $140.00 to $165.00 and gave the company a “hold” rating in a report on Thursday. Stifel Nicolaus boosted their price objective on shares of Booz Allen Hamilton from $155.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. TD Cowen decreased their target price on shares of 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. Finally, 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 report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Booz Allen Hamilton currently has a consensus rating of “Moderate Buy” and an average price target of $159.33.

Booz Allen Hamilton Price Performance

Shares of Booz Allen Hamilton stock traded up $0.77 during trading hours on Friday, reaching $156.65. The stock had a trading volume of 43,157 shares, compared to its average volume of 665,437. The stock’s 50 day moving average is $152.02 and its 200 day moving average is $150.11. The firm has a market capitalization of $20.26 billion, a PE ratio of 33.89, a PEG ratio of 2.29 and a beta of 0.59. Booz Allen Hamilton Holding Co. has a twelve month low of $106.90 and a twelve month high of $164.43. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 3.07.

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

Booz Allen Hamilton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th were paid a dividend of $0.51 per share. The ex-dividend date was Wednesday, August 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.30%. Booz Allen Hamilton’s dividend payout ratio is currently 44.35%.

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.