Crossmark Global Holdings Inc. Has $242,000 Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Crossmark Global Holdings Inc. reduced its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 81.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,489 shares of the business services provider’s stock after selling 6,493 shares during the period. Crossmark Global Holdings Inc.’s holdings in Booz Allen Hamilton were worth $242,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BAH. Covestor Ltd boosted its stake in Booz Allen Hamilton by 150.8% during the first quarter. Covestor Ltd now owns 306 shares of the business services provider’s stock worth $46,000 after acquiring an additional 184 shares in the last quarter. Seven Eight Capital LP acquired a new stake in shares of Booz Allen Hamilton in the 1st quarter valued at about $306,000. UniSuper Management Pty Ltd increased its position in Booz Allen Hamilton by 111.1% in the 1st quarter. UniSuper Management Pty Ltd now owns 1,900 shares of the business services provider’s stock valued at $282,000 after buying an additional 1,000 shares in the last quarter. Natixis acquired a new position in Booz Allen Hamilton during the 1st quarter worth approximately $893,000. Finally, Crewe Advisors LLC bought a new position in Booz Allen Hamilton in the first quarter worth approximately $35,000. 91.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Booz Allen Hamilton

In other Booz Allen Hamilton news, EVP Richard Crowe sold 4,243 shares of the firm’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 $700,095.00. Following the completion of the sale, the executive vice president now directly owns 25,496 shares of the company’s stock, valued at $4,206,840. This trade represents a 14.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Matthew Calderone sold 3,865 shares of the company’s 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 directly owns 33,683 shares in the company, valued at $5,389,280. This represents a 10.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,173 shares of company stock worth $1,989,220 in the last quarter. 1.59% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating and upped their target price for the stock from $180.00 to $190.00 in a research report on Monday, November 4th. Truist Financial raised their price objective on shares of Booz Allen Hamilton from $165.00 to $185.00 and gave the company a “hold” rating in a research note on Monday, October 28th. The Goldman Sachs Group boosted their target price on shares of Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. TD Cowen dropped 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 report on Monday, July 29th. Finally, Barclays boosted their price objective on Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $180.63.

Booz Allen Hamilton Price Performance

Booz Allen Hamilton stock opened at $140.49 on Tuesday. Booz Allen Hamilton Holding Co. has a 52 week low of $123.17 and a 52 week high of $190.59. The company’s 50 day moving average price is $165.64 and its two-hundred day moving average price is $157.10. The stock has a market cap of $17.95 billion, a P/E ratio of 22.06, a P/E/G ratio of 1.79 and a beta of 0.58. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 2.76.

Booz Allen Hamilton Announces Dividend

The firm also recently disclosed 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 is Friday, November 15th. This represents a $2.04 annualized dividend and a yield of 1.45%. Booz Allen Hamilton’s dividend payout ratio is currently 32.03%.

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.