Bamco Inc. NY Reduces Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Bamco Inc. NY cut its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 1.9% during the first quarter, HoldingsChannel reports. The firm owned 251,167 shares of the business services provider’s stock after selling 4,765 shares during the quarter. Bamco Inc. NY’s holdings in Booz Allen Hamilton were worth $37,283,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its position in shares of Booz Allen Hamilton by 2.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,406,880 shares of the business services provider’s stock valued at $1,544,798,000 after buying an additional 222,884 shares during the last quarter. Magnetar Financial LLC purchased a new position in shares of Booz Allen Hamilton in the 1st quarter valued at $3,933,000. Quadrature Capital Ltd purchased a new position in shares of Booz Allen Hamilton in the 1st quarter valued at $2,312,000. CreativeOne Wealth LLC purchased a new position in shares of Booz Allen Hamilton in the 1st quarter valued at $955,000. Finally, Vident Advisory LLC grew its position in shares of Booz Allen Hamilton by 423.8% in the 1st quarter. Vident Advisory LLC now owns 50,945 shares of the business services provider’s stock valued at $7,562,000 after buying an additional 41,219 shares during the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.

Booz Allen Hamilton Price Performance

Shares of NYSE BAH traded down $13.74 during midday trading on Friday, hitting $139.84. The company had a trading volume of 2,954,380 shares, compared to its average volume of 526,841. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 3.20. Booz Allen Hamilton Holding Co. has a twelve month low of $106.90 and a twelve month high of $164.43. The business has a 50-day simple moving average of $154.09 and a two-hundred day simple moving average of $147.75. The firm has a market capitalization of $18.08 billion, a price-to-earnings ratio of 30.40, a price-to-earnings-growth ratio of 1.99 and a beta of 0.57.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings data on Friday, July 26th. The business services provider reported $1.38 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.14). Booz Allen Hamilton had a net margin of 5.68% and a return on equity of 68.12%. The company had revenue of $2.94 billion during the quarter, compared to analyst estimates of $2.92 billion. Equities research analysts anticipate that Booz Allen Hamilton Holding Co. will post 5.93 earnings per share for the current year.

Booz Allen Hamilton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 13th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.46%. The ex-dividend date was Thursday, June 13th. Booz Allen Hamilton’s dividend payout ratio (DPR) is 44.35%.

Insider Activity at Booz Allen Hamilton

In other Booz Allen Hamilton news, EVP Richard Crowe sold 180 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $154.15, for a total transaction of $27,747.00. Following the completion of the transaction, the executive vice president now directly owns 17,486 shares in the company, valued at approximately $2,695,466.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Booz Allen Hamilton news, EVP Richard Crowe sold 180 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $154.15, for a total transaction of $27,747.00. Following the completion of the transaction, the executive vice president now directly owns 17,486 shares in the company, valued at approximately $2,695,466.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Matthew Calderone sold 332 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $154.15, for a total transaction of $51,177.80. Following the transaction, the chief financial officer now owns 23,438 shares of the company’s stock, valued at $3,612,967.70. The disclosure for this sale can be found here. Insiders sold 58,255 shares of company stock worth $8,970,026 over the last 90 days. Company insiders own 1.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BAH. JPMorgan Chase & Co. increased their price target on shares of Booz Allen Hamilton from $136.00 to $154.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Jefferies Financial Group increased their price target on shares of Booz Allen Hamilton from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Truist Financial increased their price target on shares of Booz Allen Hamilton from $145.00 to $160.00 and gave the stock a “hold” rating in a research note on Tuesday, May 28th. Stifel Nicolaus raised their target price on shares of Booz Allen Hamilton from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Finally, TD Cowen raised their target price on shares of Booz Allen Hamilton from $158.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $161.78.

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.