Hollencrest Capital Management Sells 2,000 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Hollencrest Capital Management trimmed its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 42.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,711 shares of the business services provider’s stock after selling 2,000 shares during the period. Hollencrest Capital Management’s holdings in Booz Allen Hamilton were worth $417,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Bridges Investment Management Inc. increased its holdings in shares of Booz Allen Hamilton by 372.3% in the 2nd quarter. Bridges Investment Management Inc. now owns 97,502 shares of the business services provider’s stock worth $15,006,000 after buying an additional 76,859 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Booz Allen Hamilton during the 2nd quarter worth $308,000. Blair William & Co. IL increased its stake in Booz Allen Hamilton by 11.9% in the second quarter. Blair William & Co. IL now owns 510,530 shares of the business services provider’s stock valued at $78,571,000 after acquiring an additional 54,170 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in Booz Allen Hamilton by 13.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,518 shares of the business services provider’s stock worth $1,446,000 after purchasing an additional 1,148 shares during the last quarter. Finally, Amalgamated Bank lifted its stake in Booz Allen Hamilton by 2.2% during the second quarter. Amalgamated Bank now owns 8,653 shares of the business services provider’s stock worth $1,332,000 after purchasing an additional 184 shares during the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Jefferies Financial Group increased their price objective on Booz Allen Hamilton from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Wells Fargo & Company raised shares of Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and reduced their target price for the company from $168.00 to $165.00 in a report on Monday, July 29th. Truist Financial boosted their target price on Booz Allen Hamilton from $140.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday, September 5th. TD Cowen decreased their price target 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. Finally, JPMorgan Chase & Co. increased their price objective on Booz Allen Hamilton from $136.00 to $154.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $159.33.

Insider Buying and Selling

In other news, Director Melody C. Barnes sold 1,041 shares of the business’s 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 completion of the sale, the director now owns 18,123 shares of the company’s stock, valued at approximately $2,597,207.13. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.59% of the stock is currently owned by corporate insiders.

Booz Allen Hamilton Price Performance

Shares of BAH opened at $156.14 on Friday. The company has a market capitalization of $20.19 billion, a P/E ratio of 33.94, a price-to-earnings-growth ratio of 2.19 and a beta of 0.59. Booz Allen Hamilton Holding Co. has a twelve month low of $106.90 and a twelve month high of $164.43. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 3.07. The firm has a 50 day moving average of $152.10 and a 200 day moving average of $150.62.

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

Booz Allen Hamilton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th were issued a dividend of $0.51 per share. The ex-dividend date was Wednesday, August 14th. This represents a $2.04 annualized dividend and a dividend yield of 1.31%. Booz Allen Hamilton’s payout ratio is 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.