22,322 Shares in Booz Allen Hamilton Holding Co. (NYSE:BAH) Bought by Edgestream Partners L.P.

Edgestream Partners L.P. purchased a new stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 22,322 shares of the business services provider’s stock, valued at approximately $3,435,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Price T Rowe Associates Inc. MD grew its stake in shares of 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 worth $1,544,798,000 after purchasing an additional 222,884 shares in the last quarter. WCM Investment Management LLC boosted its position in shares of Booz Allen Hamilton by 0.5% during the 1st quarter. WCM Investment Management LLC now owns 4,252,168 shares of the business services provider’s stock worth $631,192,000 after acquiring an additional 22,708 shares in the last quarter. AGF Management Ltd. increased its holdings in shares of Booz Allen Hamilton by 63.4% in the 2nd quarter. AGF Management Ltd. now owns 1,750,610 shares of the business services provider’s stock valued at $269,419,000 after acquiring an additional 679,280 shares during the last quarter. American Century Companies Inc. raised its position in shares of Booz Allen Hamilton by 6.1% during the 2nd quarter. American Century Companies Inc. now owns 1,672,961 shares of the business services provider’s stock worth $257,469,000 after acquiring an additional 96,553 shares in the last quarter. Finally, Norges Bank purchased a new stake in Booz Allen Hamilton during the fourth quarter worth approximately $188,129,000. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Analyst Upgrades and Downgrades

BAH has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their price target on shares of Booz Allen Hamilton from $136.00 to $154.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. TD Cowen cut their price target on shares of 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 decreased their price objective 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. Wells Fargo & Company upgraded Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and cut their target price for the stock from $168.00 to $165.00 in a research report on Monday, July 29th. Finally, Truist Financial upped their target price on Booz Allen Hamilton from $140.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $159.33.

Booz Allen Hamilton Trading Down 0.6 %

NYSE:BAH opened at $154.51 on Thursday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 3.07. The stock’s 50 day simple moving average is $152.12 and its 200-day simple moving average is $150.58. Booz Allen Hamilton Holding Co. has a 12-month low of $106.90 and a 12-month high of $164.43. The firm has a market cap of $19.98 billion, a P/E ratio of 33.59, a PEG ratio of 2.19 and a beta of 0.59.

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

Booz Allen Hamilton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 14th were given a $0.51 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $2.04 annualized dividend and a dividend yield of 1.32%. Booz Allen Hamilton’s dividend payout ratio is presently 44.35%.

Insider Buying and Selling at Booz Allen Hamilton

In other Booz Allen Hamilton news, Director Melody C. Barnes sold 1,041 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $143.31, for a total value of $149,185.71. Following the sale, the director now owns 18,123 shares of the company’s stock, valued at $2,597,207.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.59% of the stock is currently owned by insiders.

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.