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

Victory Capital Management Inc. reduced its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 2.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,240 shares of the business services provider’s stock after selling 1,017 shares during the period. Victory Capital Management Inc.’s holdings in Booz Allen Hamilton were worth $7,363,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of BAH. Opal Wealth Advisors LLC acquired a new position in Booz Allen Hamilton in the second quarter valued at $26,000. OFI Invest Asset Management acquired a new position in shares of Booz Allen Hamilton during the 2nd quarter valued at about $29,000. Innealta Capital LLC purchased a new position in shares of Booz Allen Hamilton during the 2nd quarter worth about $34,000. Crewe Advisors LLC acquired a new stake in shares of Booz Allen Hamilton in the first quarter worth approximately $35,000. Finally, Gilliland Jeter Wealth Management LLC purchased a new stake in Booz Allen Hamilton in the third quarter valued at approximately $45,000. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

Booz Allen Hamilton Price Performance

Shares of NYSE:BAH opened at $149.52 on Friday. Booz Allen Hamilton Holding Co. has a fifty-two week low of $123.17 and a fifty-two week high of $190.59. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.56 and a quick ratio of 1.56. The business has a 50-day moving average of $164.99 and a two-hundred day moving average of $156.90. The stock has a market capitalization of $19.10 billion, a P/E ratio of 23.47, a P/E/G ratio of 1.66 and a beta of 0.58.

Booz Allen Hamilton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th will be given a $0.51 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.04 annualized dividend and a yield of 1.36%. Booz Allen Hamilton’s dividend payout ratio is 32.03%.

Insider Buying and Selling

In related news, EVP Richard Crowe sold 4,243 shares of Booz Allen Hamilton stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $165.00, for a total value of $700,095.00. Following the completion of the transaction, the executive vice president now directly owns 25,496 shares of the company’s stock, valued at $4,206,840. The trade was a 14.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Matthew Calderone sold 4,065 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $165.00, for a total value of $670,725.00. Following the transaction, the chief financial officer now directly owns 29,618 shares in the company, valued at approximately $4,886,970. This represents a 12.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,173 shares of company stock valued at $1,989,220 over the last three months. 1.59% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Jefferies Financial Group lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating and upped their price target for the stock from $180.00 to $190.00 in a research note on Monday, November 4th. StockNews.com cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Barclays increased their price objective on shares of Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. The Goldman Sachs Group lifted their target price on shares of Booz Allen Hamilton from $174.00 to $196.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, TD Cowen lowered their price target on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a report on Monday, July 29th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $180.63.

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.