Valley Wealth Managers Inc. Has $556,000 Stock Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Valley Wealth Managers Inc. boosted its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 11.1% in the third quarter, HoldingsChannel reports. The fund owned 3,417 shares of the business services provider’s stock after buying an additional 341 shares during the quarter. Valley Wealth Managers Inc.’s holdings in Booz Allen Hamilton were worth $556,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. QRG Capital Management Inc. grew its position in Booz Allen Hamilton by 29.8% during the first quarter. QRG Capital Management Inc. now owns 2,994 shares of the business services provider’s stock valued at $444,000 after purchasing an additional 688 shares in the last quarter. Avantax Advisory Services Inc. increased its stake in shares of Booz Allen Hamilton by 5.6% in the first quarter. Avantax Advisory Services Inc. now owns 4,081 shares of the business services provider’s stock worth $606,000 after acquiring an additional 216 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Booz Allen Hamilton during the first quarter worth $439,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Booz Allen Hamilton by 17.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 69,575 shares of the business services provider’s stock worth $10,328,000 after purchasing an additional 10,206 shares in the last quarter. Finally, Twin Tree Management LP bought a new stake in shares of Booz Allen Hamilton in the 1st quarter valued at approximately $218,000. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Insider Transactions at Booz Allen Hamilton

In related news, EVP Richard Crowe sold 4,243 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was 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 directly owns 25,496 shares in the company, valued at approximately $4,206,840. This represents a 14.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Matthew Calderone sold 4,065 shares of Booz Allen Hamilton stock in a transaction 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 sale, the chief financial officer now owns 29,618 shares in the company, valued at $4,886,970. This represents a 12.07 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,173 shares of company stock worth $1,989,220. 1.59% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. The Goldman Sachs Group boosted their target price on shares of Booz Allen Hamilton from $174.00 to $196.00 and gave the stock 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. JPMorgan Chase & Co. downgraded shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and increased their target price for the stock from $154.00 to $158.00 in a research report on Wednesday, October 2nd. TD Cowen reduced 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, Truist Financial increased their price target on Booz Allen Hamilton from $165.00 to $185.00 and gave the company a “hold” rating in a report on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $180.63.

Booz Allen Hamilton Stock Down 3.0 %

Shares of BAH stock opened at $149.37 on Friday. The stock has a 50 day moving average of $165.64 and a 200-day moving average of $156.96. The firm has a market cap of $19.09 billion, a PE ratio of 23.45, a price-to-earnings-growth ratio of 2.06 and a beta of 0.58. 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.

Booz Allen Hamilton Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 1.37%. Booz Allen Hamilton’s payout ratio is 32.03%.

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.