Thurston Springer Miller Herd & Titak Inc. boosted its position in Booz Allen Hamilton Holding Co. (NYSE:BAH – Free Report) by 13.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 685 shares of the business services provider’s stock after buying an additional 79 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Booz Allen Hamilton were worth $111,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of BAH. Opal Wealth Advisors LLC acquired a new position in Booz Allen Hamilton in the second quarter valued at $26,000. OFI Invest Asset Management acquired a new position in Booz Allen Hamilton in the second quarter valued at $29,000. Banque Cantonale Vaudoise lifted its holdings in Booz Allen Hamilton by 112.4% in the first 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 lifted its holdings 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 period. Finally, Innealta Capital LLC acquired a new position in Booz Allen Hamilton in the second quarter valued at $34,000. Institutional investors and hedge funds own 91.82% of the company’s stock.
Insiders Place Their Bets
In other Booz Allen Hamilton news, Director Melody C. Barnes sold 1,041 shares of the company’s 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 sale, the director now directly owns 18,123 shares of the company’s stock, valued at approximately $2,597,207.13. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Booz Allen Hamilton news, CFO Matthew Calderone sold 3,865 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $160.00, for a total value of $618,400.00. Following the completion of the sale, the chief financial officer now directly owns 33,683 shares of the company’s stock, valued at approximately $5,389,280. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Melody C. Barnes sold 1,041 shares of the company’s 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 sale, the director now directly owns 18,123 shares of the company’s stock, valued at $2,597,207.13. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.59% of the stock is currently owned by insiders.
Booz Allen Hamilton Trading Down 0.2 %
Booz Allen Hamilton (NYSE:BAH – Get Free Report) last posted its 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 business had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $2.92 billion. Booz Allen Hamilton had a return on equity of 65.80% and a net margin of 5.57%. As a group, equities research analysts expect that Booz Allen Hamilton Holding Co. will post 5.97 EPS for the current fiscal year.
Booz Allen Hamilton Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend was Wednesday, August 14th. Booz Allen Hamilton’s payout ratio is 44.35%.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on BAH shares. TD Cowen dropped their target price on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Monday, July 29th. The Goldman Sachs Group lifted their price target on shares of Booz Allen Hamilton from $174.00 to $196.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Truist Financial lifted their price target on shares of Booz Allen Hamilton from $140.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday, September 5th. JPMorgan Chase & Co. downgraded shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and lifted their price target for the company from $154.00 to $158.00 in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Company lifted their price target on shares of Booz Allen Hamilton from $165.00 to $185.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $170.75.
View Our Latest Research Report on BAH
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.
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