Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Acquired by Eagle Asset Management Inc.

Eagle Asset Management Inc. boosted its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 3.6% in the third quarter, HoldingsChannel reports. The firm owned 957,300 shares of the business services provider’s stock after purchasing an additional 32,897 shares during the period. Booz Allen Hamilton comprises about 0.8% of Eagle Asset Management Inc.’s portfolio, making the stock its 21st largest holding. Eagle Asset Management Inc.’s holdings in Booz Allen Hamilton were worth $155,810,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in BAH. Opal Wealth Advisors LLC acquired a new position in Booz Allen Hamilton in the second quarter worth $26,000. Peterson Financial Group Inc. acquired a new stake in Booz Allen Hamilton in the third quarter worth $31,000. OFI Invest Asset Management bought a new stake in Booz Allen Hamilton in the second quarter valued at $29,000. Innealta Capital LLC acquired a new position in shares of Booz Allen Hamilton during the second quarter valued at $34,000. Finally, Crewe Advisors LLC acquired a new stake in shares of Booz Allen Hamilton in the 1st quarter worth about $35,000. Institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Trading Up 3.7 %

Shares of NYSE BAH opened at $149.52 on Friday. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.56 and a current ratio of 1.56. The stock has a market cap of $19.10 billion, a price-to-earnings ratio of 23.47, a PEG ratio of 1.66 and a beta of 0.58. The business has a 50 day simple moving average of $164.99 and a 200 day simple moving average of $156.90. Booz Allen Hamilton Holding Co. has a 52 week low of $123.17 and a 52 week high of $190.59.

Booz Allen Hamilton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.04 annualized dividend and a yield of 1.36%. Booz Allen Hamilton’s dividend payout ratio (DPR) is currently 32.03%.

Insider Transactions at Booz Allen Hamilton

In related news, CFO Matthew Calderone sold 4,065 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $165.00, for a total transaction of $670,725.00. Following the completion of the sale, the chief financial officer now owns 29,618 shares in the company, valued at $4,886,970. This represents a 12.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Richard Crowe sold 4,243 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $165.00, for a total value of $700,095.00. Following the transaction, the executive vice president now owns 25,496 shares of the company’s stock, valued at approximately $4,206,840. This trade represents a 14.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,173 shares of company stock worth $1,989,220. 1.59% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on BAH. JPMorgan Chase & Co. cut shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and raised their target price for the company from $154.00 to $158.00 in a research note on Wednesday, October 2nd. The Goldman Sachs Group lifted their price target on Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Wells Fargo & Company raised their price objective on shares of Booz Allen Hamilton from $185.00 to $206.00 and gave the stock an “overweight” rating in a research note on Monday, October 28th. StockNews.com downgraded shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Jefferies Financial Group cut Booz Allen Hamilton from a “buy” rating to a “hold” rating and raised their target price for the stock from $180.00 to $190.00 in a research report on Monday, November 4th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Booz Allen Hamilton has a consensus rating of “Hold” and an average price target of $180.63.

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