Booz Allen Hamilton Holding Co. (NYSE:BAH) Short Interest Update

Booz Allen Hamilton Holding Co. (NYSE:BAH) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 1,460,000 shares, an increase of 6.6% from the May 31st total of 1,370,000 shares. Approximately 1.2% of the company’s shares are short sold. Based on an average trading volume of 657,800 shares, the short-interest ratio is currently 2.2 days.

Analysts Set New Price Targets

Several analysts recently issued reports on BAH shares. Jefferies Financial Group upped their price target 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. Barclays upped their price objective on Booz Allen Hamilton from $135.00 to $153.00 and gave the company an “underweight” rating in a research note on Wednesday, May 29th. Wells Fargo & Company boosted their price target on Booz Allen Hamilton from $158.00 to $169.00 and gave the company an “equal weight” rating in a report on Tuesday, May 28th. TD Cowen raised their price objective on Booz Allen Hamilton from $158.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. Finally, Stifel Nicolaus boosted their target price on shares of Booz Allen Hamilton from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $159.78.

Booz Allen Hamilton Stock Performance

Shares of BAH stock opened at $154.51 on Thursday. The business has a 50 day simple moving average of $152.35 and a 200 day simple moving average of $144.20. The company has a debt-to-equity ratio of 3.20, a current ratio of 1.62 and a quick ratio of 1.62. The firm has a market capitalization of $19.98 billion, a price-to-earnings ratio of 33.59, a price-to-earnings-growth ratio of 1.83 and a beta of 0.57. Booz Allen Hamilton has a 12-month low of $106.90 and a 12-month high of $164.43.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings results on Friday, May 24th. The business services provider reported $1.33 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 68.12% and a net margin of 5.68%. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period last year, the company earned $1.01 earnings per share. On average, equities research analysts anticipate that Booz Allen Hamilton will post 6.04 EPS for the current year.

Booz Allen Hamilton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 13th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend was Thursday, June 13th. Booz Allen Hamilton’s payout ratio is currently 44.35%.

Insider Transactions at Booz Allen Hamilton

In other Booz Allen Hamilton news, CEO Horacio Rozanski sold 34,571 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $154.15, for a total transaction of $5,329,119.65. Following the transaction, the chief executive officer now owns 579,025 shares of the company’s stock, valued at $89,256,703.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, EVP Richard Crowe sold 180 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $154.15, for a total value of $27,747.00. Following the completion of the sale, the executive vice president now directly owns 17,486 shares in the company, valued at approximately $2,695,466.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Horacio Rozanski sold 34,571 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $154.15, for a total value of $5,329,119.65. Following the sale, the chief executive officer now owns 579,025 shares in the company, valued at $89,256,703.75. The disclosure for this sale can be found here. Insiders have sold a total of 58,255 shares of company stock worth $8,970,026 in the last three months. Company insiders own 1.59% of the company’s stock.

Hedge Funds Weigh In On Booz Allen Hamilton

Several hedge funds have recently made changes to their positions in the business. Norges Bank purchased a new position in Booz Allen Hamilton in the 4th quarter worth about $188,129,000. JPMorgan Chase & Co. raised its holdings in shares of Booz Allen Hamilton by 30.1% during the third quarter. JPMorgan Chase & Co. now owns 2,968,252 shares of the business services provider’s stock worth $324,341,000 after acquiring an additional 686,318 shares in the last quarter. AGF Management Ltd. grew its stake in Booz Allen Hamilton by 40.8% in the fourth quarter. AGF Management Ltd. now owns 1,089,265 shares of the business services provider’s stock valued at $139,328,000 after purchasing an additional 315,495 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of Booz Allen Hamilton by 29.4% during the 1st quarter. Captrust Financial Advisors now owns 1,076,130 shares of the business services provider’s stock valued at $159,741,000 after buying an additional 244,391 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Booz Allen Hamilton by 2.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,406,880 shares of the business services provider’s stock valued at $1,544,798,000 after purchasing an additional 222,884 shares during the last quarter. Institutional investors and hedge funds own 91.82% 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.