Booz Allen Hamilton Holding Co. (NYSE:BAH) Holdings Cut by New England Capital Financial Advisors LLC

New England Capital Financial Advisors LLC reduced its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 24.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 304 shares of the business services provider’s stock after selling 100 shares during the period. New England Capital Financial Advisors LLC’s holdings in Booz Allen Hamilton were worth $47,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of BAH. Norges Bank bought a new position in shares of Booz Allen Hamilton in the 4th quarter valued at approximately $188,129,000. AGF Management Ltd. raised its holdings in Booz Allen Hamilton by 40.8% in the 4th quarter. AGF Management Ltd. now owns 1,089,265 shares of the business services provider’s stock worth $139,328,000 after acquiring an additional 315,495 shares during the period. Captrust Financial Advisors lifted its position in Booz Allen Hamilton by 29.4% during the 1st quarter. Captrust Financial Advisors now owns 1,076,130 shares of the business services provider’s stock worth $159,741,000 after acquiring an additional 244,391 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Booz Allen Hamilton by 2.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,406,880 shares of the business services provider’s stock valued at $1,544,798,000 after acquiring an additional 222,884 shares during the period. Finally, Van ECK Associates Corp grew its holdings in Booz Allen Hamilton by 279.7% in the 1st quarter. Van ECK Associates Corp now owns 265,492 shares of the business services provider’s stock valued at $39,410,000 after buying an additional 195,578 shares during the last quarter. 91.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Booz Allen Hamilton

In other news, Director Melody C. Barnes sold 1,041 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $143.31, for a total transaction of $149,185.71. Following the sale, the director now directly owns 18,123 shares of the company’s stock, valued at $2,597,207.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Melody C. Barnes sold 1,041 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $143.31, for a total value of $149,185.71. Following the transaction, the director now owns 18,123 shares in the company, valued at $2,597,207.13. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Richard Crowe sold 1,006 shares of Booz Allen Hamilton stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $151.96, for a total value of $152,871.76. Following the completion of 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. Corporate insiders own 1.59% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on BAH shares. Barclays cut their target price on shares of Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating for the company in a research note on Tuesday, July 30th. Jefferies Financial Group increased their target price on shares of Booz Allen Hamilton from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Wells Fargo & Company upgraded Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and lowered their price target for the company from $168.00 to $165.00 in a research note on Monday, July 29th. Truist Financial reduced their price objective on Booz Allen Hamilton from $160.00 to $140.00 and set a “hold” rating for the company in a research report on Monday, July 29th. Finally, Stifel Nicolaus boosted their price objective on Booz Allen Hamilton from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $156.56.

Booz Allen Hamilton Price Performance

Shares of NYSE:BAH traded up $1.41 during trading on Friday, reaching $158.78. The stock had a trading volume of 577,255 shares, compared to its average volume of 671,511. The stock has a market capitalization of $20.53 billion, a PE ratio of 34.52, a P/E/G ratio of 2.06 and a beta of 0.57. Booz Allen Hamilton Holding Co. has a 52 week low of $106.90 and a 52 week high of $164.43. The business’s 50-day moving average price is $152.01 and its 200 day moving average price is $149.78. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.55 and a quick ratio of 1.62.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings data on Friday, July 26th. The business services provider reported $1.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.14). The business had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $2.92 billion. Booz Allen Hamilton had a net margin of 5.57% and a return on equity of 65.80%. As a group, equities analysts predict that Booz Allen Hamilton Holding Co. will post 5.97 earnings per share for the current year.

Booz Allen Hamilton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Wednesday, August 14th. Booz Allen Hamilton’s dividend payout ratio is currently 44.35%.

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