Bank OZK Trims Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Bank OZK cut its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 11.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,835 shares of the business services provider’s stock after selling 1,123 shares during the quarter. Bank OZK’s holdings in Booz Allen Hamilton were worth $1,130,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Caisse DE Depot ET Placement DU Quebec boosted its stake in Booz Allen Hamilton by 64.1% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,992,096 shares of the business services provider’s stock worth $217,676,000 after purchasing an additional 778,437 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Booz Allen Hamilton by 19.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,546,664 shares of the business services provider’s stock worth $497,084,000 after purchasing an additional 736,404 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Booz Allen Hamilton by 30.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,968,252 shares of the business services provider’s stock valued at $324,341,000 after acquiring an additional 686,318 shares during the period. Qube Research & Technologies Ltd lifted its stake in Booz Allen Hamilton by 891.7% during the 3rd quarter. Qube Research & Technologies Ltd now owns 288,103 shares of the business services provider’s stock valued at $31,481,000 after acquiring an additional 259,053 shares during the period. Finally, Morgan Stanley lifted its stake in Booz Allen Hamilton by 4.2% during the 3rd quarter. Morgan Stanley now owns 4,924,570 shares of the business services provider’s stock valued at $538,108,000 after acquiring an additional 199,449 shares during the period. 91.82% of the stock is owned by hedge funds and other institutional investors.

Booz Allen Hamilton Stock Performance

Booz Allen Hamilton stock traded down $0.14 during midday trading on Friday, hitting $145.13. The stock had a trading volume of 405,627 shares, compared to its average volume of 512,324. The firm’s fifty day moving average is $145.98 and its two-hundred day moving average is $134.95. The company has a market capitalization of $18.83 billion, a PE ratio of 46.82, a P/E/G ratio of 1.96 and a beta of 0.53. Booz Allen Hamilton Holding Co. has a 52-week low of $89.80 and a 52-week high of $150.59. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 3.10.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings data on Friday, January 26th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.28. Booz Allen Hamilton had a net margin of 3.96% and a return on equity of 65.31%. The business had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.54 billion. During the same period last year, the firm posted $1.07 EPS. The company’s revenue was up 12.9% on a year-over-year basis. On average, research analysts forecast that Booz Allen Hamilton Holding Co. will post 5.39 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. The Goldman Sachs Group upped their target price on shares of Booz Allen Hamilton from $141.00 to $158.00 and gave the company a “buy” rating in a research note on Monday, January 29th. Barclays lowered shares of Booz Allen Hamilton from an “equal weight” rating to an “underweight” rating in a research report on Friday, January 5th. JPMorgan Chase & Co. upped their price target on shares of Booz Allen Hamilton from $120.00 to $136.00 and gave the company a “neutral” rating in a research report on Tuesday, February 6th. Wells Fargo & Company upped their price target on shares of Booz Allen Hamilton from $138.00 to $158.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 30th. Finally, Jefferies Financial Group upped their price target on shares of Booz Allen Hamilton from $150.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $145.11.

Insider Buying and Selling at Booz Allen Hamilton

In other Booz Allen Hamilton news, CFO Matthew Calderone sold 1,500 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $146.51, for a total transaction of $219,765.00. Following the completion of the sale, the chief financial officer now directly owns 25,462 shares of the company’s stock, valued at approximately $3,730,437.62. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CFO Matthew Calderone sold 1,500 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $146.51, for a total transaction of $219,765.00. Following the completion of the transaction, the chief financial officer now directly owns 25,462 shares in the company, valued at approximately $3,730,437.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Horacio Rozanski sold 49,000 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $145.69, for a total value of $7,138,810.00. Following the transaction, the chief executive officer now owns 557,411 shares of the company’s stock, valued at $81,209,208.59. The disclosure for this sale can be found here. Insiders own 1.76% of the company’s stock.

Booz Allen Hamilton Company 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 also focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.