Concurrent Investment Advisors LLC Boosts Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Concurrent Investment Advisors LLC grew its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 19.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,754 shares of the business services provider’s stock after acquiring an additional 287 shares during the period. Concurrent Investment Advisors LLC’s holdings in Booz Allen Hamilton were worth $270,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BAH. Opal Wealth Advisors LLC bought a new stake in shares of Booz Allen Hamilton in the 2nd quarter worth approximately $26,000. OFI Invest Asset Management bought a new stake in shares of Booz Allen Hamilton in the 2nd quarter worth approximately $29,000. Banque Cantonale Vaudoise boosted its position in shares of Booz Allen Hamilton by 112.4% in the 1st quarter. Banque Cantonale Vaudoise now owns 206 shares of the business services provider’s stock worth $31,000 after purchasing an additional 109 shares in the last quarter. Smithfield Trust Co boosted its position in shares of Booz Allen Hamilton by 87.7% in the 4th quarter. Smithfield Trust Co now owns 259 shares of the business services provider’s stock worth $34,000 after purchasing an additional 121 shares in the last quarter. Finally, MCF Advisors LLC boosted its position in shares of Booz Allen Hamilton by 103.6% in the 1st quarter. MCF Advisors LLC now owns 226 shares of the business services provider’s stock worth $34,000 after purchasing an additional 115 shares in the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Price Performance

NYSE BAH opened at $156.81 on Thursday. The business’s fifty day moving average price is $152.03 and its 200-day moving average price is $150.07. The stock has a market capitalization of $20.28 billion, a price-to-earnings ratio of 34.09, a PEG ratio of 2.29 and a beta of 0.59. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.55 and a quick ratio of 1.55. Booz Allen Hamilton Holding Co. has a 1-year low of $106.90 and a 1-year high of $164.43.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings results on Friday, July 26th. The business services provider reported $1.38 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.14). The firm had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $2.92 billion. Booz Allen Hamilton had a net margin of 5.57% and a return on equity of 65.80%. On average, equities analysts predict that Booz Allen Hamilton Holding Co. will post 5.96 earnings per share for the current year.

Booz Allen Hamilton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th were paid a $0.51 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $2.04 annualized dividend and a dividend yield of 1.30%. Booz Allen Hamilton’s dividend payout ratio (DPR) is 44.35%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on BAH shares. JPMorgan Chase & Co. boosted their price target on Booz Allen Hamilton from $136.00 to $154.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Wells Fargo & Company raised Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and lowered their price objective for the company from $168.00 to $165.00 in a research report on Monday, July 29th. Jefferies Financial Group upped their price objective on Booz Allen Hamilton from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Stifel Nicolaus upped their price objective on Booz Allen Hamilton from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. Finally, Truist Financial lowered their price objective on Booz Allen Hamilton from $160.00 to $140.00 and set a “hold” rating on the stock in a research report on Monday, July 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Booz Allen Hamilton presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.56.

Insider Transactions at Booz Allen Hamilton

In other news, Director Melody C. Barnes sold 1,041 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $143.31, for a total value of $149,185.71. Following the completion of the sale, the director now directly owns 18,123 shares in the company, valued at approximately $2,597,207.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.59% of the stock is currently owned by company insiders.

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 focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.