Short Interest in Booz Allen Hamilton Holding Co. (NYSE:BAH) Grows By 6.6%

Booz Allen Hamilton Holding Co. (NYSE:BAH) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 1,460,000 shares, an increase of 6.6% from the May 31st total of 1,370,000 shares. Based on an average daily volume of 657,800 shares, the days-to-cover ratio is presently 2.2 days. Currently, 1.2% of the company’s shares are sold short.

Analysts Set New Price Targets

Several research firms recently weighed in on BAH. Barclays lifted their price target on shares of Booz Allen Hamilton from $135.00 to $153.00 and gave the company an “underweight” rating in a report on Wednesday, May 29th. Truist Financial boosted their price target on shares of Booz Allen Hamilton from $145.00 to $160.00 and gave the company a “hold” rating in a research report on Tuesday, May 28th. TD Cowen raised their price objective on shares of Booz Allen Hamilton from $158.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. Wells Fargo & Company lifted their price objective on Booz Allen Hamilton from $158.00 to $169.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 28th. Finally, Stifel Nicolaus increased their target price 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $159.78.

Insider Activity

In related news, CEO Horacio Rozanski sold 34,571 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $154.15, for a total transaction of $5,329,119.65. Following the completion of the sale, the chief executive officer now directly owns 579,025 shares in the company, valued at approximately $89,256,703.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Horacio Rozanski sold 34,571 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 579,025 shares of the company’s stock, valued at $89,256,703.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Susan L. Penfield sold 18,522 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $153.73, for a total value of $2,847,387.06. Following the transaction, the executive vice president now directly owns 33,788 shares of the company’s stock, valued at approximately $5,194,229.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 58,255 shares of company stock valued at $8,970,026. 1.59% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Booz Allen Hamilton

Institutional investors and hedge funds have recently made changes to their positions in the company. Gladius Capital Management LP purchased a new stake in Booz Allen Hamilton during the 4th quarter valued at $1,037,000. BNP Paribas Financial Markets increased its holdings in Booz Allen Hamilton by 33.6% in the 4th quarter. BNP Paribas Financial Markets now owns 77,191 shares of the business services provider’s stock worth $9,874,000 after buying an additional 19,432 shares in the last quarter. Morgan Stanley raised its position in Booz Allen Hamilton by 4.2% in the 3rd quarter. Morgan Stanley now owns 4,924,570 shares of the business services provider’s stock worth $538,108,000 after buying an additional 199,449 shares during the last quarter. Scout Investments Inc. lifted its stake in Booz Allen Hamilton by 3.3% during the 4th quarter. Scout Investments Inc. now owns 236,408 shares of the business services provider’s stock valued at $30,239,000 after acquiring an additional 7,533 shares during the period. Finally, Helios Capital Management PTE. Ltd. purchased a new stake in shares of Booz Allen Hamilton during the 4th quarter valued at about $1,804,000. Institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Stock Performance

Shares of BAH opened at $152.71 on Wednesday. Booz Allen Hamilton has a 52 week low of $106.90 and a 52 week high of $164.43. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 3.20. The stock has a market cap of $19.75 billion, a P/E ratio of 33.20, a P/E/G ratio of 1.83 and a beta of 0.57. The business’s 50 day moving average price is $152.15 and its 200-day moving average price is $144.13.

Booz Allen Hamilton (NYSE:BAH) last released its earnings results on Friday, May 24th. The business services provider reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.10. The firm had revenue of $2.77 billion for 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 company’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.01 earnings per share. Equities research analysts anticipate that Booz Allen Hamilton will post 6.04 earnings per share for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 13th were paid a $0.51 dividend. The ex-dividend date was Thursday, June 13th. This represents a $2.04 annualized dividend and a dividend yield of 1.34%. Booz Allen Hamilton’s dividend payout ratio is presently 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 also focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.