Capital Investment Advisors LLC Raises Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Capital Investment Advisors LLC grew its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 20.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,973 shares of the business services provider’s stock after purchasing an additional 2,001 shares during the period. Capital Investment Advisors LLC’s holdings in Booz Allen Hamilton were worth $1,949,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Booz Allen Hamilton by 6.8% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 295,447 shares of the business services provider’s stock worth $43,856,000 after buying an additional 18,815 shares during the last quarter. Mediolanum International Funds Ltd bought a new stake in shares of Booz Allen Hamilton in the 1st quarter worth about $2,044,000. Cetera Investment Advisers boosted its stake in shares of Booz Allen Hamilton by 142.5% during the 1st quarter. Cetera Investment Advisers now owns 28,615 shares of the business services provider’s stock worth $4,248,000 after purchasing an additional 16,815 shares during the period. Sei Investments Co. boosted its stake in shares of Booz Allen Hamilton by 47.4% during the 1st quarter. Sei Investments Co. now owns 168,377 shares of the business services provider’s stock worth $24,995,000 after purchasing an additional 54,180 shares during the period. Finally, State Board of Administration of Florida Retirement System grew its holdings in Booz Allen Hamilton by 2.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 149,998 shares of the business services provider’s stock valued at $22,266,000 after purchasing an additional 4,264 shares during the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on BAH. Truist Financial increased their target price on Booz Allen Hamilton from $140.00 to $165.00 and gave the stock a “hold” rating in a research note on Thursday, September 5th. The Goldman Sachs Group lifted their price target on shares of Booz Allen Hamilton from $174.00 to $196.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. StockNews.com upgraded Booz Allen Hamilton from a “sell” rating to a “hold” rating in a report on Monday, October 14th. TD Cowen lowered their target price on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a report on Monday, July 29th. Finally, Wells Fargo & Company raised their price target on Booz Allen Hamilton from $165.00 to $185.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Booz Allen Hamilton currently has an average rating of “Hold” and a consensus price target of $170.75.

Booz Allen Hamilton Stock Performance

BAH opened at $163.91 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 3.07. Booz Allen Hamilton Holding Co. has a 12-month low of $114.69 and a 12-month high of $164.58. The firm has a 50 day moving average of $156.80 and a two-hundred day moving average of $152.74. The firm has a market capitalization of $21.20 billion, a PE ratio of 35.63, a P/E/G ratio of 2.33 and a beta of 0.59.

Booz Allen Hamilton (NYSE:BAH) last issued its earnings results on Friday, July 26th. The business services provider reported $1.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.14). Booz Allen Hamilton had a return on equity of 65.80% and a net margin of 5.57%. The business had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.92 billion. On average, analysts anticipate that Booz Allen Hamilton Holding Co. will post 5.97 EPS for the current year.

Booz Allen Hamilton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 14th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend was Wednesday, August 14th. Booz Allen Hamilton’s dividend payout ratio (DPR) is 44.35%.

Insider Activity at Booz Allen Hamilton

In other Booz Allen Hamilton news, Director Melody C. Barnes sold 1,041 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $143.31, for a total value of $149,185.71. Following the sale, the director now owns 18,123 shares in the company, valued at approximately $2,597,207.13. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Melody C. Barnes sold 1,041 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $143.31, for a total value of $149,185.71. Following the completion of the transaction, the director now directly owns 18,123 shares in the company, valued at $2,597,207.13. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Matthew Calderone sold 3,865 shares of the 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 sale, the chief financial officer now directly owns 33,683 shares in the company, valued at $5,389,280. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.59% of the stock is owned by company insiders.

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.