Marshall Wace LLP Acquires New Shares in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Marshall Wace LLP bought a new position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 112,931 shares of the business services provider’s stock, valued at approximately $17,380,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Opal Wealth Advisors LLC bought a new position in Booz Allen Hamilton during the 2nd quarter worth approximately $26,000. OFI Invest Asset Management bought a new position in shares of Booz Allen Hamilton during the second quarter worth $29,000. Banque Cantonale Vaudoise grew its holdings 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 valued at $31,000 after buying an additional 109 shares during the period. MCF Advisors LLC increased 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 valued at $34,000 after buying an additional 115 shares in the last quarter. Finally, Innealta Capital LLC acquired a new stake in Booz Allen Hamilton during the 2nd quarter worth $34,000. Institutional investors own 91.82% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on BAH. StockNews.com downgraded Booz Allen Hamilton from a “hold” rating to a “sell” rating in a report on Wednesday. TD Cowen lowered their target price on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Monday, July 29th. Barclays cut their price target on shares of Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating on the stock in a research note on Tuesday, July 30th. Truist Financial increased their price objective on shares of Booz Allen Hamilton from $140.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday, September 5th. Finally, Wells Fargo & Company raised shares of Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and cut their price objective for the company from $168.00 to $165.00 in a research report on Monday, July 29th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $159.33.

Booz Allen Hamilton Trading Up 1.5 %

Shares of NYSE:BAH opened at $162.05 on Friday. The stock has a market capitalization of $20.96 billion, a PE ratio of 35.23, a price-to-earnings-growth ratio of 2.30 and a beta of 0.59. The company’s 50-day moving average price is $152.43 and its two-hundred day moving average price is $151.12. 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 one year low of $108.64 and a one year high of $164.43.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings results on Friday, July 26th. The business services provider reported $1.38 EPS for the quarter, missing the consensus estimate 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%. On average, equities analysts forecast that Booz Allen Hamilton Holding Co. will post 5.96 EPS for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 14th were issued a dividend of $0.51 per share. The ex-dividend date was Wednesday, August 14th. This represents a $2.04 dividend on an annualized basis and a yield of 1.26%. Booz Allen Hamilton’s payout ratio is 44.35%.

Insiders Place Their Bets

In other news, Director Melody C. Barnes sold 1,041 shares of Booz Allen Hamilton stock in a transaction dated 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Melody C. Barnes sold 1,041 shares of Booz Allen Hamilton stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $143.31, for a total transaction of $149,185.71. Following the completion of the transaction, the director now owns 18,123 shares in the company, valued at $2,597,207.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Matthew Calderone sold 3,865 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $160.00, for a total value of $618,400.00. Following the transaction, the chief financial officer now directly owns 33,683 shares in the company, valued at approximately $5,389,280. The disclosure for this sale can be found here. Insiders own 1.59% of the company’s stock.

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