Quadrature Capital Ltd Buys New Shares in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Quadrature Capital Ltd bought a new stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) during the 1st quarter, HoldingsChannel.com reports. The fund bought 15,573 shares of the business services provider’s stock, valued at approximately $2,312,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. WCM Investment Management LLC grew its holdings in shares of Booz Allen Hamilton by 0.5% during the 1st quarter. WCM Investment Management LLC now owns 4,252,168 shares of the business services provider’s stock valued at $631,192,000 after purchasing an additional 22,708 shares during the last quarter. Norges Bank bought a new position in shares of Booz Allen Hamilton during the 4th quarter valued at $188,129,000. Axiom Investors LLC DE grew its holdings in shares of Booz Allen Hamilton by 9.4% during the 4th quarter. Axiom Investors LLC DE now owns 1,185,362 shares of the business services provider’s stock valued at $151,620,000 after purchasing an additional 102,062 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of Booz Allen Hamilton by 1.9% during the 1st quarter. Bessemer Group Inc. now owns 1,178,784 shares of the business services provider’s stock valued at $174,978,000 after purchasing an additional 22,545 shares during the last quarter. Finally, AGF Management Ltd. grew its holdings in shares of Booz Allen Hamilton by 40.8% during the 4th quarter. AGF Management Ltd. now owns 1,089,265 shares of the business services provider’s stock valued at $139,328,000 after purchasing an additional 315,495 shares during the last quarter. Institutional investors own 91.82% of the company’s stock.

Wall Street Analyst Weigh In

BAH has been the subject of several analyst reports. Stifel Nicolaus increased their price target on shares of Booz Allen Hamilton from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. TD Cowen increased their price target on shares of Booz Allen Hamilton from $158.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. Truist Financial increased their price target on shares of Booz Allen Hamilton from $145.00 to $160.00 and gave the company a “hold” rating in a research report on Tuesday, May 28th. Barclays increased their price target on shares of Booz Allen Hamilton from $135.00 to $153.00 and gave the company an “underweight” rating in a research report on Wednesday, May 29th. Finally, JPMorgan Chase & Co. increased their price target on shares of Booz Allen Hamilton from $136.00 to $154.00 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $161.78.

Booz Allen Hamilton Trading Down 8.9 %

Shares of NYSE:BAH traded down $13.74 on Friday, hitting $139.84. The company had a trading volume of 2,954,380 shares, compared to its average volume of 526,841. The firm’s 50-day simple moving average is $154.09 and its two-hundred day simple moving average is $147.46. Booz Allen Hamilton Holding Co. has a 1 year low of $106.90 and a 1 year high of $164.43. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 3.20. The firm has a market capitalization of $18.08 billion, a price-to-earnings ratio of 30.40, a P/E/G ratio of 1.99 and a beta of 0.57.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings results on Friday, July 26th. The business services provider reported $1.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.14). Booz Allen Hamilton had a net margin of 5.68% and a return on equity of 68.12%. The business had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.92 billion. Equities analysts anticipate that Booz Allen Hamilton Holding Co. will post 5.93 earnings per share for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 13th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $2.04 dividend on an annualized basis and a yield of 1.46%. Booz Allen Hamilton’s dividend payout ratio (DPR) is currently 44.35%.

Insider Activity at Booz Allen Hamilton

In related news, CFO Matthew Calderone sold 332 shares of Booz Allen Hamilton stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $154.15, for a total transaction of $51,177.80. Following the completion of the transaction, the chief financial officer now directly owns 23,438 shares of the company’s stock, valued at approximately $3,612,967.70. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Booz Allen Hamilton news, CFO Matthew Calderone sold 332 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $154.15, for a total transaction of $51,177.80. Following the completion of the sale, the chief financial officer now directly owns 23,438 shares in the company, valued at approximately $3,612,967.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Richard Crowe sold 1,006 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $151.96, for a total transaction of $152,871.76. Following the sale, the executive vice president now owns 29,739 shares of the company’s stock, valued at $4,519,138.44. The disclosure for this sale can be found here. Insiders sold a total of 58,255 shares of company stock valued at $8,970,026 in the last three months. Company insiders own 1.59% of the company’s stock.

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