Russell Investments Group Ltd. increased its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH – Free Report) by 30.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 230,520 shares of the business services provider’s stock after purchasing an additional 53,793 shares during the period. Russell Investments Group Ltd. owned approximately 0.18% of Booz Allen Hamilton worth $25,723,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich boosted its position in Booz Allen Hamilton by 626,679.8% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 864,354,397 shares of the business services provider’s stock worth $96,461,951,000 after purchasing an additional 864,216,493 shares during the period. Providence Capital Advisors LLC boosted its position in shares of Booz Allen Hamilton by 9,292.9% in the first quarter. Providence Capital Advisors LLC now owns 4,945,197 shares of the business services provider’s stock valued at $53,352,000 after acquiring an additional 4,892,549 shares during the period. Morgan Stanley grew its position in Booz Allen Hamilton by 312.6% in the 4th quarter. Morgan Stanley now owns 5,079,195 shares of the business services provider’s stock worth $530,878,000 after purchasing an additional 3,848,242 shares during the last quarter. Norges Bank bought a new position in Booz Allen Hamilton during the fourth quarter valued at about $159,500,000. Finally, WCM Investment Management LLC increased its position in shares of Booz Allen Hamilton by 53.0% during the first quarter. WCM Investment Management LLC now owns 4,147,380 shares of the business services provider’s stock valued at $384,421,000 after purchasing an additional 1,435,898 shares during the period. 90.32% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on BAH shares. StockNews.com began coverage on shares of Booz Allen Hamilton in a report on Thursday, October 5th. They issued a “hold” rating on the stock. Barclays increased their target price on Booz Allen Hamilton from $108.00 to $125.00 and gave the stock an “equal weight” rating in a report on Monday, July 31st. Truist Financial boosted their price target on Booz Allen Hamilton from $106.00 to $120.00 and gave the company a “hold” rating in a research note on Monday, July 31st. Bank of America raised Booz Allen Hamilton from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $110.00 to $130.00 in a report on Tuesday, October 3rd. Finally, Wells Fargo & Company lowered their target price on shares of Booz Allen Hamilton from $140.00 to $126.00 and set an “overweight” rating on the stock in a report on Monday, September 18th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Booz Allen Hamilton currently has an average rating of “Moderate Buy” and an average target price of $127.63.
Booz Allen Hamilton Trading Up 0.6 %
BAH opened at $127.53 on Tuesday. Booz Allen Hamilton Holding Co. has a 1-year low of $87.99 and a 1-year high of $130.34. The stock has a market capitalization of $16.63 billion, a PE ratio of 57.45, a PEG ratio of 2.09 and a beta of 0.61. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 3.16. The firm has a 50-day moving average price of $119.22 and a two-hundred day moving average price of $112.61.
Booz Allen Hamilton (NYSE:BAH – Get Free Report) last issued its quarterly earnings results on Friday, October 27th. The business services provider reported $1.29 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.02). The company had revenue of $2.67 billion during the quarter, compared to analyst estimates of $2.61 billion. Booz Allen Hamilton had a net margin of 2.94% and a return on equity of 59.58%. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.34 EPS. As a group, equities analysts anticipate that Booz Allen Hamilton Holding Co. will post 5.03 earnings per share for the current fiscal year.
Booz Allen Hamilton Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.88 dividend on an annualized basis and a yield of 1.47%. Booz Allen Hamilton’s payout ratio is presently 84.68%.
In related news, Director Melody C. Barnes sold 824 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $113.60, for a total transaction of $93,606.40. Following the completion of the sale, the director now directly owns 17,590 shares of the company’s stock, valued at $1,998,224. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, COO Kristine Anderson sold 5,064 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $125.00, for a total value of $633,000.00. Following the completion of the sale, the chief operating officer now owns 71,656 shares in the company, valued at $8,957,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Melody C. Barnes sold 824 shares of the firm’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $113.60, for a total value of $93,606.40. Following the transaction, the director now owns 17,590 shares in the company, valued at approximately $1,998,224. The disclosure for this sale can be found here. Insiders own 1.76% of the company’s stock.
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 also focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.
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