Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Purchased by Zions Bancorporation N.A.

Zions Bancorporation N.A. grew its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 25.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,105 shares of the business services provider’s stock after purchasing an additional 1,232 shares during the period. Zions Bancorporation N.A.’s holdings in Booz Allen Hamilton were worth $994,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Cetera Investment Advisers raised its stake in Booz Allen Hamilton by 142.5% during the 1st quarter. Cetera Investment Advisers now owns 28,615 shares of the business services provider’s stock valued at $4,248,000 after acquiring an additional 16,815 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in Booz Allen Hamilton by 2.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 149,998 shares of the business services provider’s stock valued at $22,266,000 after acquiring an additional 4,264 shares in the last quarter. CreativeOne Wealth LLC bought a new stake in Booz Allen Hamilton during the 1st quarter valued at $955,000. Natixis bought a new stake in Booz Allen Hamilton during the 1st quarter valued at $893,000. Finally, Cumberland Partners Ltd raised its stake in Booz Allen Hamilton by 39.5% during the 3rd quarter. Cumberland Partners Ltd now owns 51,675 shares of the business services provider’s stock valued at $8,411,000 after acquiring an additional 14,620 shares in the last quarter. Institutional investors own 91.82% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Richard Crowe sold 4,243 shares of the company’s stock in a transaction that occurred 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 sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Matthew Calderone sold 3,865 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $160.00, for a total value of $618,400.00. Following the completion of the sale, the chief financial officer now owns 33,683 shares in the company, valued at approximately $5,389,280. This represents a 10.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,173 shares of company stock valued at $1,989,220 over the last quarter. Insiders own 1.59% of the company’s stock.

Wall Street Analysts Forecast Growth

BAH has been the topic of a number of research reports. Truist Financial boosted their price objective on Booz Allen Hamilton from $165.00 to $185.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. The Goldman Sachs Group boosted their price objective on Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. TD Cowen dropped their price objective on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating on the stock in a research note on Monday, July 29th. Barclays boosted their price objective on Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. Finally, Wells Fargo & Company boosted their price objective 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. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $180.63.

Booz Allen Hamilton Stock Performance

Shares of NYSE BAH opened at $154.57 on Friday. Booz Allen Hamilton Holding Co. has a 52-week low of $123.17 and a 52-week high of $190.59. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 2.76. The stock has a market capitalization of $19.75 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 2.18 and a beta of 0.58. The stock’s fifty day simple moving average is $165.70 and its 200 day simple moving average is $156.95.

Booz Allen Hamilton Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Friday, November 15th will be given a dividend of $0.51 per share. The ex-dividend date is Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a yield of 1.32%. Booz Allen Hamilton’s payout ratio is 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.