Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 1.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 46,257 shares of the business services provider’s stock after selling 827 shares during the period. Victory Capital Management Inc.’s holdings in Booz Allen Hamilton were worth $7,119,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Opal Wealth Advisors LLC bought a new position in Booz Allen Hamilton in the second quarter worth about $26,000. OFI Invest Asset Management acquired a new position in Booz Allen Hamilton during the 2nd quarter valued at approximately $29,000. Banque Cantonale Vaudoise grew its stake in Booz Allen Hamilton by 112.4% during the 1st quarter. Banque Cantonale Vaudoise now owns 206 shares of the business services provider’s stock worth $31,000 after buying an additional 109 shares during the last quarter. MCF Advisors LLC lifted its stake in Booz Allen Hamilton by 103.6% in the first quarter. MCF Advisors LLC now owns 226 shares of the business services provider’s stock valued at $34,000 after buying an additional 115 shares during the last quarter. Finally, Innealta Capital LLC acquired a new position in shares of Booz Allen Hamilton during the second quarter valued at $34,000. 91.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on BAH shares. Wells Fargo & Company raised shares of Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and reduced their target price for the company from $168.00 to $165.00 in a research note on Monday, July 29th. JPMorgan Chase & Co. raised their target price on Booz Allen Hamilton from $136.00 to $154.00 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. TD Cowen reduced their price target on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Monday, July 29th. Jefferies Financial Group raised their price target on Booz Allen Hamilton from $180.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Finally, Truist Financial increased their target price on shares of Booz Allen Hamilton from $140.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, Booz Allen Hamilton currently has an average rating of “Moderate Buy” and an average target price of $159.33.

Booz Allen Hamilton Stock Performance

Shares of BAH opened at $156.99 on Monday. Booz Allen Hamilton Holding Co. has a 12-month low of $106.90 and a 12-month high of $164.43. The stock has a market capitalization of $20.30 billion, a P/E ratio of 34.13, a P/E/G ratio of 2.19 and a beta of 0.59. The firm’s 50 day moving average is $152.02 and its 200-day moving average is $150.41. 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 (NYSE:BAH) last announced its quarterly earnings data on Friday, July 26th. The business services provider reported $1.38 EPS for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.14). The company had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.92 billion. Booz Allen Hamilton had a net margin of 5.57% and a return on equity of 65.80%. Equities research analysts anticipate that Booz Allen Hamilton Holding Co. will post 5.96 EPS for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend was Wednesday, August 14th. Booz Allen Hamilton’s payout ratio is 44.35%.

Insider Transactions at Booz Allen Hamilton

In related news, Director Melody C. Barnes sold 1,041 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $143.31, for a total value of $149,185.71. Following the completion of the transaction, the director now owns 18,123 shares of the company’s stock, 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 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.