Axxcess Wealth Management LLC Buys 5,281 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Axxcess Wealth Management LLC lifted its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 267.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,254 shares of the business services provider’s stock after purchasing an additional 5,281 shares during the period. Axxcess Wealth Management LLC’s holdings in Booz Allen Hamilton were worth $1,116,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Edgestream Partners L.P. purchased a new stake in shares of Booz Allen Hamilton during the second quarter valued at approximately $3,435,000. Dimensional Fund Advisors LP boosted its holdings in shares of Booz Allen Hamilton by 10.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,021,239 shares of the business services provider’s stock worth $157,184,000 after acquiring an additional 93,544 shares during the period. Rathbones Group PLC boosted its holdings in shares of Booz Allen Hamilton by 13.5% in the second quarter. Rathbones Group PLC now owns 343,073 shares of the business services provider’s stock worth $52,799,000 after acquiring an additional 40,803 shares during the period. Retirement Planning Co of New England Inc. bought a new stake in Booz Allen Hamilton during the second quarter valued at $204,000. Finally, Envestnet Asset Management Inc. boosted its stake in Booz Allen Hamilton by 0.3% during the second quarter. Envestnet Asset Management Inc. now owns 947,231 shares of the business services provider’s stock valued at $145,779,000 after buying an additional 2,767 shares during the period. Institutional investors own 91.82% of the company’s stock.

Insiders Place Their Bets

In other Booz Allen Hamilton news, Director Melody C. Barnes sold 1,041 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 18,123 shares of the company’s stock, valued at approximately $2,597,207.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.59% of the stock is owned by insiders.

Wall Street Analyst Weigh In

BAH has been the topic of a number of research reports. Barclays lowered their price target on Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 30th. Wells Fargo & Company upgraded Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and reduced their price target for the company from $168.00 to $165.00 in a report on Monday, July 29th. JPMorgan Chase & Co. boosted their price target on Booz Allen Hamilton from $136.00 to $154.00 and gave the company a “neutral” rating in a report on Wednesday, July 10th. Truist Financial lifted their price objective 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. Finally, TD Cowen cut their price objective on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Monday, July 29th. 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $159.33.

Booz Allen Hamilton Trading Up 1.1 %

BAH opened at $156.14 on Friday. The firm has a market cap of $20.19 billion, a P/E ratio of 33.94, 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. The stock has a 50-day moving average of $152.10 and a 200 day moving average of $150.62.

Booz Allen Hamilton (NYSE:BAH) last issued 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). 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 during the quarter, compared to analysts’ expectations of $2.92 billion. As a group, research analysts forecast that Booz Allen Hamilton Holding Co. will post 5.96 EPS for the current year.

Booz Allen Hamilton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Wednesday, August 14th. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 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 focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.