Naya Capital Management UK Ltd. Has $159.18 Million Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Naya Capital Management UK Ltd. reduced its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 23.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 978,002 shares of the business services provider’s stock after selling 307,546 shares during the quarter. Booz Allen Hamilton comprises about 13.3% of Naya Capital Management UK Ltd.’s holdings, making the stock its 4th largest position. Naya Capital Management UK Ltd.’s holdings in Booz Allen Hamilton were worth $159,180,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cetera Investment Advisers raised its holdings in 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 last quarter. Cumberland Partners Ltd grew its position in shares of Booz Allen Hamilton by 39.5% during the 3rd quarter. Cumberland Partners Ltd now owns 51,675 shares of the business services provider’s stock worth $8,411,000 after buying an additional 14,620 shares during the period. Eagle Asset Management Inc. raised its stake in shares of Booz Allen Hamilton by 3.6% during the third quarter. Eagle Asset Management Inc. now owns 957,300 shares of the business services provider’s stock worth $155,810,000 after buying an additional 32,897 shares during the last quarter. BDF Gestion acquired a new position in Booz Allen Hamilton in the second quarter valued at approximately $2,641,000. Finally, International Assets Investment Management LLC bought a new position in Booz Allen Hamilton in the third quarter valued at approximately $224,110,000. Institutional investors and hedge funds own 91.82% of the company’s stock.

Insider Activity

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 transaction, the chief financial officer now directly owns 29,618 shares of the company’s stock, valued at approximately $4,886,970. This represents a 12.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Richard Crowe sold 4,243 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total value of $700,095.00. Following the completion of the transaction, the executive vice president now owns 25,496 shares of the company’s stock, valued at approximately $4,206,840. This represents a 14.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,173 shares of company stock worth $1,989,220 over the last ninety days. Insiders own 1.59% of the company’s stock.

Booz Allen Hamilton Stock Performance

BAH opened at $146.06 on Wednesday. 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 $18.66 billion, a price-to-earnings ratio of 22.93, a P/E/G ratio of 1.79 and a beta of 0.52. The business’s 50-day moving average price is $163.36 and its two-hundred day moving average price is $156.67. Booz Allen Hamilton Holding Co. has a 1 year low of $123.17 and a 1 year high of $190.59.

Booz Allen Hamilton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th will be paid 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 dividend yield of 1.40%. Booz Allen Hamilton’s dividend payout ratio is currently 32.03%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on BAH shares. Wells Fargo & Company cut their price target on Booz Allen Hamilton from $206.00 to $177.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 26th. Barclays boosted their target price on Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. The Goldman Sachs Group increased 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 report on Thursday, October 10th. StockNews.com cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Truist Financial cut their target price on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating on the stock in a report on Friday, November 22nd. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $171.67.

About Booz Allen Hamilton

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.