Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Purchased by Morningstar Investment Management LLC

Morningstar Investment Management LLC raised its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,432 shares of the business services provider’s stock after acquiring an additional 116 shares during the period. Morningstar Investment Management LLC’s holdings in Booz Allen Hamilton were worth $311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in BAH. Principal Financial Group Inc. grew its stake in Booz Allen Hamilton by 2.3% during the 3rd quarter. Principal Financial Group Inc. now owns 38,129 shares of the business services provider’s stock worth $4,166,000 after buying an additional 859 shares during the last quarter. Keybank National Association OH grew its position in shares of Booz Allen Hamilton by 4.2% during the third quarter. Keybank National Association OH now owns 9,865 shares of the business services provider’s stock worth $1,078,000 after acquiring an additional 402 shares during the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of Booz Allen Hamilton by 6.1% in the 3rd quarter. Avantax Advisory Services Inc. now owns 3,709 shares of the business services provider’s stock valued at $405,000 after acquiring an additional 212 shares during the period. J.P. Morgan Private Wealth Advisors LLC raised its position in Booz Allen Hamilton by 0.4% in the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 31,168 shares of the business services provider’s stock valued at $3,406,000 after purchasing an additional 128 shares during the last quarter. Finally, Amalgamated Bank boosted its stake in Booz Allen Hamilton by 2.0% during the 3rd quarter. Amalgamated Bank now owns 30,138 shares of the business services provider’s stock worth $3,293,000 after purchasing an additional 598 shares during the period. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Matthew Calderone sold 1,500 shares of the firm’s 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 transaction, 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 filing with the SEC, which is available at the SEC website. In other news, EVP Susan L. Penfield sold 18,522 shares of Booz Allen Hamilton stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $153.73, for a total transaction of $2,847,387.06. Following the completion of the sale, the executive vice president now directly owns 33,788 shares in the company, valued at $5,194,229.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Matthew Calderone sold 1,500 shares of the company’s 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 transaction, the chief financial officer now directly owns 25,462 shares in the company, valued at approximately $3,730,437.62. The disclosure for this sale can be found here. Over the last quarter, insiders sold 58,749 shares of company stock worth $9,036,919. Insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Jefferies Financial Group upped their target price on shares of Booz Allen Hamilton from $180.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Wells Fargo & Company lifted their target price on Booz Allen Hamilton from $158.00 to $169.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 28th. Stifel Nicolaus upped their price target on Booz Allen Hamilton from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Truist Financial lifted their price objective on shares of Booz Allen Hamilton from $145.00 to $160.00 and gave the company a “hold” rating in a research report on Tuesday, May 28th. Finally, JPMorgan Chase & Co. raised their target price on shares of Booz Allen Hamilton from $120.00 to $136.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $159.78.

Booz Allen Hamilton Price Performance

Shares of NYSE:BAH traded up $1.55 on Wednesday, reaching $153.43. 612,541 shares of the company were exchanged, compared to its average volume of 658,160. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 3.20. Booz Allen Hamilton Holding Co. has a 1-year low of $102.30 and a 1-year high of $164.43. The company has a 50-day moving average of $148.78 and a 200-day moving average of $140.41. The firm has a market cap of $19.84 billion, a price-to-earnings ratio of 33.58, a price-to-earnings-growth ratio of 1.78 and a beta of 0.57.

Booz Allen Hamilton (NYSE:BAH) last issued its earnings results on Friday, May 24th. The business services provider reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.10. The company had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.71 billion. Booz Allen Hamilton had a net margin of 5.68% and a return on equity of 68.12%. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.01 earnings per share. Equities analysts forecast that Booz Allen Hamilton Holding Co. will post 6.04 earnings per share for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 13th will be given a $0.51 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $2.04 annualized dividend and a dividend yield of 1.33%. 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 also focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.