MQS Management LLC Invests $226,000 in Booz Allen Hamilton Holding Co. (NYSE:BAH)

MQS Management LLC bought a new stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,388 shares of the business services provider’s stock, valued at approximately $226,000.

Other hedge funds have also added to or reduced their stakes in the company. Cumberland Partners Ltd increased its holdings in shares of Booz Allen Hamilton by 39.5% in the third quarter. Cumberland Partners Ltd now owns 51,675 shares of the business services provider’s stock worth $8,411,000 after purchasing an additional 14,620 shares during the period. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in Booz Allen Hamilton during the third quarter valued at approximately $651,000. Apollon Wealth Management LLC grew its stake in Booz Allen Hamilton by 5.5% in the 3rd quarter. Apollon Wealth Management LLC now owns 1,663 shares of the business services provider’s stock worth $271,000 after buying an additional 86 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its holdings in shares of Booz Allen Hamilton by 15.0% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 8,280 shares of the business services provider’s stock worth $1,348,000 after buying an additional 1,082 shares during the last quarter. Finally, Kennebec Savings Bank purchased a new stake in shares of Booz Allen Hamilton during the 3rd quarter valued at $60,000. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Insider Transactions at Booz Allen Hamilton

In other Booz Allen Hamilton news, EVP Richard Crowe sold 4,243 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 25,496 shares in the company, valued at $4,206,840. This trade represents a 14.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Matthew Calderone sold 4,065 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now owns 29,618 shares of the company’s stock, valued at $4,886,970. This trade represents a 12.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,173 shares of company stock worth $1,989,220. Company insiders own 1.59% of the company’s stock.

Wall Street Analyst Weigh In

BAH has been the subject of several research reports. Jefferies Financial Group lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and upped their target price for the stock from $180.00 to $190.00 in a research report on Monday, November 4th. JPMorgan Chase & Co. cut Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and upped their price objective for the stock from $154.00 to $158.00 in a report on Wednesday, October 2nd. Truist Financial raised their price objective on Booz Allen Hamilton from $165.00 to $185.00 and gave the company a “hold” rating in a report on Monday, October 28th. Wells Fargo & Company upped their target price on Booz Allen Hamilton from $185.00 to $206.00 and gave the stock an “overweight” rating in a research note on Monday, October 28th. Finally, StockNews.com downgraded shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $180.63.

Booz Allen Hamilton Stock Performance

NYSE BAH opened at $149.37 on Friday. The company has a 50-day simple moving average of $165.64 and a two-hundred day simple moving average of $156.96. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 2.76. 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 market cap of $19.09 billion, a price-to-earnings ratio of 23.45, a PEG ratio of 2.06 and a beta of 0.58.

Booz Allen Hamilton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders 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 dividend yield of 1.37%. Booz Allen Hamilton’s dividend payout ratio is currently 32.03%.

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.