Acadian Asset Management LLC Has $17.53 Million Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Acadian Asset Management LLC lifted its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 5,380.9% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 118,114 shares of the business services provider’s stock after buying an additional 115,959 shares during the quarter. Acadian Asset Management LLC owned about 0.09% of Booz Allen Hamilton worth $17,527,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Banque Cantonale Vaudoise lifted its position in Booz Allen Hamilton by 112.4% during the first quarter. Banque Cantonale Vaudoise now owns 206 shares of the business services provider’s stock worth $31,000 after acquiring an additional 109 shares during the last quarter. Smithfield Trust Co boosted its stake in Booz Allen Hamilton by 87.7% in the 4th quarter. Smithfield Trust Co now owns 259 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 121 shares during the period. MCF Advisors LLC boosted its stake in Booz Allen Hamilton by 103.6% in the 1st 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. Riverview Trust Co acquired a new position in Booz Allen Hamilton in the 1st quarter valued at $39,000. Finally, BKM Wealth Management LLC bought a new position in Booz Allen Hamilton during the 4th quarter worth $40,000. Institutional investors own 91.82% of the company’s stock.

Analyst Ratings Changes

BAH has been the subject of a number of recent research reports. Barclays boosted their target price on shares of Booz Allen Hamilton from $135.00 to $153.00 and gave the company an “underweight” rating in a research report on Wednesday, May 29th. Wells Fargo & Company raised their target price on shares of Booz Allen Hamilton from $158.00 to $169.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 28th. Truist Financial boosted their price target on Booz Allen Hamilton from $145.00 to $160.00 and gave the company a “hold” rating in a research note on Tuesday, May 28th. Jefferies Financial Group raised their price objective on Booz Allen Hamilton from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Finally, JPMorgan Chase & Co. upped their target price on 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 investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $161.78.

Booz Allen Hamilton Price Performance

Shares of Booz Allen Hamilton stock traded down $0.64 during trading on Friday, reaching $156.06. 436,518 shares of the company’s stock were exchanged, compared to its average volume of 574,571. The company has a debt-to-equity ratio of 3.20, a quick ratio of 1.62 and a current ratio of 1.62. Booz Allen Hamilton Holding Co. has a 1-year low of $106.90 and a 1-year high of $164.43. The company has a market cap of $20.18 billion, a P/E ratio of 33.93, a PEG ratio of 2.22 and a beta of 0.57. The firm’s 50-day moving average price is $153.90 and its 200 day moving average price is $146.79.

Booz Allen Hamilton (NYSE:BAH) last issued its earnings results on Friday, May 24th. The business services provider reported $1.33 EPS for the quarter, topping the consensus estimate of $1.23 by $0.10. Booz Allen Hamilton had a return on equity of 68.12% and a net margin of 5.68%. The firm had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the previous year, the firm earned $1.01 earnings per share. The business’s quarterly revenue was up 13.9% on a year-over-year basis. As a group, research analysts anticipate that Booz Allen Hamilton Holding Co. will post 6.05 earnings per share for the current year.

Booz Allen Hamilton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 13th were issued a dividend of $0.51 per share. The ex-dividend date was Thursday, June 13th. This represents a $2.04 annualized dividend and a dividend yield of 1.31%. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 44.35%.

Insider Activity

In other news, CFO Matthew Calderone sold 332 shares of Booz Allen Hamilton stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $154.15, for a total transaction of $51,177.80. Following the sale, the chief financial officer now directly owns 23,438 shares of the company’s stock, valued at $3,612,967.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Booz Allen Hamilton news, CFO Matthew Calderone sold 332 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $154.15, for a total value of $51,177.80. Following the completion of the transaction, the chief financial officer now directly owns 23,438 shares in the company, valued at approximately $3,612,967.70. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Richard Crowe sold 1,006 shares of the firm’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $151.96, for a total transaction of $152,871.76. Following the transaction, the executive vice president now directly owns 29,739 shares of the company’s stock, valued at approximately $4,519,138.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 58,255 shares of company stock worth $8,970,026. Insiders own 1.59% of the company’s stock.

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.