MCF Advisors LLC Boosts Stock Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

MCF Advisors LLC lifted its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 103.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 226 shares of the business services provider’s stock after buying an additional 115 shares during the quarter. MCF Advisors LLC’s holdings in Booz Allen Hamilton were worth $34,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Booz Allen Hamilton by 25.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 29,895 shares of the business services provider’s stock worth $4,438,000 after buying an additional 6,065 shares during the last quarter. Riverview Trust Co purchased a new stake in shares of Booz Allen Hamilton in the first quarter worth about $39,000. Gulf International Bank UK Ltd boosted its stake in shares of Booz Allen Hamilton by 0.8% in the first quarter. Gulf International Bank UK Ltd now owns 10,838 shares of the business services provider’s stock worth $1,608,000 after buying an additional 85 shares during the last quarter. Park Avenue Securities LLC boosted its position in Booz Allen Hamilton by 9.9% during the first quarter. Park Avenue Securities LLC now owns 15,115 shares of the business services provider’s stock worth $2,244,000 after purchasing an additional 1,367 shares in the last quarter. Finally, Banque Cantonale Vaudoise boosted its position in Booz Allen Hamilton by 112.4% during the first quarter. Banque Cantonale Vaudoise now owns 206 shares of the business services provider’s stock worth $31,000 after purchasing an additional 109 shares in the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on BAH. Jefferies Financial Group increased their price target on Booz Allen Hamilton from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Stifel Nicolaus increased their price target on Booz Allen Hamilton from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Wells Fargo & Company increased their price target on Booz Allen Hamilton from $158.00 to $169.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 28th. Truist Financial increased their target price on Booz Allen Hamilton from $145.00 to $160.00 and gave the company a “hold” rating in a report on Tuesday, May 28th. Finally, TD Cowen increased their target price on Booz Allen Hamilton from $158.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $159.78.

Insider Buying and Selling

In related news, CEO Horacio Rozanski sold 34,571 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $154.15, for a total value of $5,329,119.65. Following the completion of the transaction, the chief executive officer now directly owns 579,025 shares in the company, valued at $89,256,703.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Horacio Rozanski sold 34,571 shares of Booz Allen Hamilton stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $154.15, for a total value of $5,329,119.65. Following the completion of the transaction, the chief executive officer now directly owns 579,025 shares in the company, valued at $89,256,703.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Matthew Calderone sold 332 shares of Booz Allen Hamilton stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $154.15, for a total value of $51,177.80. Following the completion of the transaction, the chief financial officer now owns 23,438 shares of the company’s stock, valued at $3,612,967.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 58,255 shares of company stock worth $8,970,026. Company insiders own 1.59% of the company’s stock.

Booz Allen Hamilton Price Performance

Shares of NYSE:BAH traded down $2.35 during midday trading on Friday, hitting $153.90. The company had a trading volume of 1,816,822 shares, compared to its average volume of 612,447. Booz Allen Hamilton Holding Co. has a twelve month low of $106.90 and a twelve month high of $164.43. The company has a debt-to-equity ratio of 3.20, a current ratio of 1.62 and a quick ratio of 1.62. The stock has a market cap of $19.90 billion, a price-to-earnings ratio of 33.46, a price-to-earnings-growth ratio of 1.85 and a beta of 0.57. The business’s 50-day simple moving average is $151.85 and its 200-day simple moving average is $143.54.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings results on Friday, May 24th. The business services provider reported $1.33 EPS for the quarter, beating the consensus estimate of $1.23 by $0.10. The firm had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.71 billion. Booz Allen Hamilton had a return on equity of 68.12% and a net margin of 5.68%. The business’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.01 earnings per share. On average, research analysts predict that Booz Allen Hamilton Holding Co. will post 6.04 earnings per share for the current year.

Booz Allen Hamilton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 13th were given a $0.51 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $2.04 annualized dividend and a yield of 1.33%. Booz Allen Hamilton’s payout ratio is 44.35%.

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.