Jensen Investment Management Inc. Purchases 12,160 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Jensen Investment Management Inc. lifted its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 39.4% in the third quarter, HoldingsChannel.com reports. The fund owned 43,060 shares of the business services provider’s stock after buying an additional 12,160 shares during the period. Jensen Investment Management Inc.’s holdings in Booz Allen Hamilton were worth $7,008,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC acquired a new position in Booz Allen Hamilton during the second quarter worth about $26,000. OFI Invest Asset Management bought a new position in Booz Allen Hamilton in the second quarter valued at about $29,000. Innealta Capital LLC bought a new position in Booz Allen Hamilton in the second quarter valued at about $34,000. Crewe Advisors LLC acquired a new stake in Booz Allen Hamilton during the 1st quarter worth approximately $35,000. Finally, Gilliland Jeter Wealth Management LLC bought a new stake in Booz Allen Hamilton during the 3rd quarter worth approximately $45,000. 91.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Matthew Calderone sold 3,865 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $160.00, for a total value of $618,400.00. Following the transaction, the chief financial officer now directly owns 33,683 shares of the company’s stock, valued at approximately $5,389,280. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Matthew Calderone sold 3,865 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $160.00, for a total transaction of $618,400.00. Following the transaction, the chief financial officer now owns 33,683 shares of the company’s stock, valued at $5,389,280. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Richard Crowe sold 4,243 shares of Booz Allen Hamilton stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $165.00, for a total value of $700,095.00. Following the completion of the sale, the executive vice president now directly owns 25,496 shares of the company’s stock, valued at approximately $4,206,840. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,173 shares of company stock worth $1,989,220. 1.59% of the stock is owned by company insiders.

Booz Allen Hamilton Stock Up 4.4 %

Shares of NYSE BAH traded up $7.70 during trading on Friday, hitting $183.50. The stock had a trading volume of 1,537,693 shares, compared to its average volume of 1,077,347. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.56 and a quick ratio of 1.56. The company has a market capitalization of $23.45 billion, a PE ratio of 28.81, a PEG ratio of 2.47 and a beta of 0.58. Booz Allen Hamilton Holding Co. has a 12 month low of $123.17 and a 12 month high of $190.59. The firm has a fifty day moving average of $164.43 and a two-hundred day moving average of $156.25.

Booz Allen Hamilton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors 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 dividend on an annualized basis and a yield of 1.11%. Booz Allen Hamilton’s dividend payout ratio (DPR) is currently 32.03%.

Wall Street Analysts Forecast Growth

BAH has been the subject of several recent research reports. The Goldman Sachs Group increased their price target on Booz Allen Hamilton from $174.00 to $196.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Truist Financial lifted their price objective on Booz Allen Hamilton from $165.00 to $185.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. TD Cowen dropped their price target on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating on the stock in a research note on Monday, July 29th. Barclays raised their price objective on shares of Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Finally, Wells Fargo & Company upped their price objective on shares of Booz Allen Hamilton from $185.00 to $206.00 and gave the company an “overweight” rating in a report on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Booz Allen Hamilton currently has an average rating of “Hold” and an average target price of $180.63.

Booz Allen Hamilton 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.