Algert Global LLC Invests $434,000 in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Algert Global LLC acquired a new stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) during the second quarter, according to its most recent filing with the SEC. The firm acquired 2,820 shares of the business services provider’s stock, valued at approximately $434,000.

Several other institutional investors also recently bought and sold shares of the company. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Booz Allen Hamilton by 6.8% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 295,447 shares of the business services provider’s stock valued at $43,856,000 after acquiring an additional 18,815 shares in the last quarter. Mediolanum International Funds Ltd acquired a new position in Booz Allen Hamilton during the 1st quarter worth approximately $2,044,000. Cetera Investment Advisers raised its stake in shares of Booz Allen Hamilton by 142.5% during the 1st quarter. Cetera Investment Advisers now owns 28,615 shares of the business services provider’s stock worth $4,248,000 after buying an additional 16,815 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Booz Allen Hamilton by 47.4% in the 1st quarter. Sei Investments Co. now owns 168,377 shares of the business services provider’s stock valued at $24,995,000 after buying an additional 54,180 shares during the period. Finally, State Board of Administration of Florida Retirement System grew its holdings in Booz Allen Hamilton by 2.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 149,998 shares of the business services provider’s stock worth $22,266,000 after acquiring an additional 4,264 shares during the period. 91.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Booz Allen Hamilton

In other Booz Allen Hamilton news, CFO Matthew Calderone sold 3,865 shares of Booz Allen Hamilton stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $160.00, for a total value of $618,400.00. Following the transaction, the chief financial officer now owns 33,683 shares in the company, valued at $5,389,280. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Booz Allen Hamilton news, CFO Matthew Calderone sold 3,865 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $160.00, for a total transaction of $618,400.00. Following the completion of the sale, the chief financial officer now directly owns 33,683 shares in the company, valued at $5,389,280. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Melody C. Barnes sold 1,041 shares of Booz Allen Hamilton 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 completion of the transaction, the director now directly owns 18,123 shares in the company, valued at $2,597,207.13. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.59% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on BAH shares. Truist Financial raised their target price on Booz Allen Hamilton from $140.00 to $165.00 and gave the company a “hold” rating in a report on Thursday, September 5th. JPMorgan Chase & Co. downgraded shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and boosted their price objective for the stock from $154.00 to $158.00 in a report on Wednesday, October 2nd. StockNews.com cut shares of Booz Allen Hamilton from a “hold” rating to a “sell” rating in a report on Wednesday, September 25th. 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, Barclays dropped their price objective on 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. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $166.00.

Booz Allen Hamilton Stock Performance

Shares of BAH opened at $161.26 on Tuesday. The company has a market capitalization of $20.85 billion, a price-to-earnings ratio of 35.06, a PEG ratio of 2.30 and a beta of 0.59. The company has a debt-to-equity ratio of 3.07, a quick ratio of 1.55 and a current ratio of 1.55. Booz Allen Hamilton Holding Co. has a 1 year low of $114.69 and a 1 year high of $164.43. The company’s 50 day simple moving average is $153.63 and its 200 day simple moving average is $151.86.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings data on Friday, July 26th. The business services provider reported $1.38 earnings per share (EPS) 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 return on equity of 65.80% and a net margin of 5.57%. On average, sell-side analysts predict that Booz Allen Hamilton Holding Co. will post 5.96 EPS for the current year.

Booz Allen Hamilton Dividend Announcement

The business also recently announced 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 of this dividend was Wednesday, August 14th. This represents a $2.04 annualized dividend and a dividend yield of 1.27%. Booz Allen Hamilton’s dividend payout ratio is presently 44.35%.

About Booz Allen Hamilton

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.