Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 1.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,257 shares of the business services provider’s stock after selling 827 shares during the quarter. Victory Capital Management Inc.’s holdings in Booz Allen Hamilton were worth $7,119,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. MCF Advisors LLC lifted its stake in shares of Booz Allen Hamilton by 56.2% in the second quarter. MCF Advisors LLC now owns 353 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 127 shares during the period. Journey Advisory Group LLC lifted its position in shares of Booz Allen Hamilton by 6.7% during the 2nd quarter. Journey Advisory Group LLC now owns 52,838 shares of the business services provider’s stock valued at $8,132,000 after acquiring an additional 3,330 shares during the period. TD Asset Management Inc boosted its stake in shares of Booz Allen Hamilton by 27.1% during the 2nd quarter. TD Asset Management Inc now owns 253,914 shares of the business services provider’s stock worth $39,077,000 after acquiring an additional 54,187 shares in the last quarter. Versor Investments LP acquired a new stake in shares of Booz Allen Hamilton in the 2nd quarter worth approximately $493,000. Finally, CIBC Asset Management Inc grew its holdings in shares of Booz Allen Hamilton by 1.9% in the 2nd quarter. CIBC Asset Management Inc now owns 4,448 shares of the business services provider’s stock worth $685,000 after acquiring an additional 82 shares during the period. Institutional investors and hedge funds own 91.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Jefferies Financial Group upped their target price on Booz Allen Hamilton from $180.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Stifel Nicolaus increased their price target on shares of Booz Allen Hamilton from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. JPMorgan Chase & Co. lifted their price objective on Booz Allen Hamilton from $136.00 to $154.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Barclays lowered their target price on Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating on the stock in a report on Tuesday, July 30th. Finally, Truist Financial boosted their price target on Booz Allen Hamilton from $140.00 to $165.00 and gave the stock a “hold” rating in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $159.33.

Insider Buying and Selling

In other Booz Allen Hamilton news, Director Melody C. Barnes sold 1,041 shares of the stock in a transaction 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 transaction, the director now directly owns 18,123 shares in the company, valued at approximately $2,597,207.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.59% of the company’s stock.

Booz Allen Hamilton Stock Up 1.5 %

Shares of NYSE BAH opened at $156.99 on Monday. The stock has a fifty day moving average price of $152.02 and a 200 day moving average price of $150.41. The company has a market cap of $20.30 billion, a P/E ratio of 34.13, a P/E/G ratio of 2.19 and a beta of 0.59. Booz Allen Hamilton Holding Co. has a 12-month low of $106.90 and a 12-month high of $164.43. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 3.07.

Booz Allen Hamilton (NYSE:BAH) last announced its earnings results on Friday, July 26th. The business services provider reported $1.38 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.14). The business had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.92 billion. Booz Allen Hamilton had a net margin of 5.57% and a return on equity of 65.80%. Research analysts anticipate that Booz Allen Hamilton Holding Co. will post 5.96 EPS for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date was Wednesday, August 14th. Booz Allen Hamilton’s 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.