Washington Capital Management Inc. acquired a new stake in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH – Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,950 shares of the business services provider’s stock, valued at approximately $595,000.
Several other institutional investors have also modified their holdings of the stock. Norges Bank bought a new position in shares of Booz Allen Hamilton during the 2nd quarter valued at approximately $168,069,000. Primecap Management Co. CA boosted its stake in Booz Allen Hamilton by 2,011.8% during the second quarter. Primecap Management Co. CA now owns 1,267,058 shares of the business services provider’s stock worth $131,939,000 after buying an additional 1,207,058 shares during the period. Allspring Global Investments Holdings LLC increased its position in Booz Allen Hamilton by 187.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,566,826 shares of the business services provider’s stock valued at $168,136,000 after acquiring an additional 1,021,809 shares during the last quarter. AQR Capital Management LLC increased its position in Booz Allen Hamilton by 58.2% during the second quarter. AQR Capital Management LLC now owns 2,565,792 shares of the business services provider’s stock valued at $264,251,000 after acquiring an additional 943,660 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Booz Allen Hamilton by 227.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 698,930 shares of the business services provider’s stock valued at $72,780,000 after acquiring an additional 485,425 shares during the period. 91.82% of the stock is owned by institutional investors.
Booz Allen Hamilton Price Performance
Shares of Booz Allen Hamilton stock opened at $97.22 on Friday. The stock has a market capitalization of $11.79 billion, a P/E ratio of 14.84, a PEG ratio of 1.70 and a beta of 0.34. The business has a 50 day simple moving average of $86.93 and a two-hundred day simple moving average of $97.73. Booz Allen Hamilton Holding Corporation has a 12 month low of $79.23 and a 12 month high of $146.95. The company has a debt-to-equity ratio of 3.89, a current ratio of 1.76 and a quick ratio of 1.76.
Booz Allen Hamilton Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Friday, November 14th were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Friday, November 14th. Booz Allen Hamilton’s dividend payout ratio (DPR) is 33.59%.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on BAH shares. JPMorgan Chase & Co. decreased their price target on Booz Allen Hamilton from $122.00 to $90.00 and set an “underweight” rating for the company in a research note on Monday, October 27th. Bank of America cut shares of Booz Allen Hamilton from a “buy” rating to an “underperform” rating and set a $90.00 target price for the company. in a research note on Friday, October 24th. The Goldman Sachs Group dropped their price objective on shares of Booz Allen Hamilton from $93.00 to $80.00 and set a “sell” rating on the stock in a report on Monday, October 27th. Citigroup lifted their price target on Booz Allen Hamilton from $93.00 to $109.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, TD Cowen reiterated a “hold” rating and issued a $105.00 price objective (down previously from $125.00) on shares of Booz Allen Hamilton in a research report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $109.46.
Check Out Our Latest Stock Analysis on BAH
Insiders Place Their Bets
In related news, CEO Horacio Rozanski bought 23,800 shares of the stock in a transaction dated Thursday, October 30th. The shares were acquired at an average cost of $84.66 per share, for a total transaction of $2,014,908.00. Following the acquisition, the chief executive officer directly owned 687,745 shares in the company, valued at approximately $58,224,491.70. This trade represents a 3.58% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.91% of the stock is owned by company insiders.
Booz Allen Hamilton Company Profile
Booz Allen Hamilton Holding Corporation is a publicly traded management and technology consulting firm headquartered in McLean, Virginia. The company provides a wide range of professional services and solutions in strategy, analytics, digital transformation, engineering and cyber security. Its expertise spans from supporting federal civilian agencies to defense, intelligence and homeland security organizations, as well as select commercial industries.
Key offerings include data analytics and artificial intelligence applications, software development and modernization, systems integration, and cyber risk management.
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