1832 Asset Management L.P. Cuts Stock Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

1832 Asset Management L.P. decreased its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 26.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 901,540 shares of the business services provider’s stock after selling 315,979 shares during the period. 1832 Asset Management L.P.’s holdings in Booz Allen Hamilton were worth $138,747,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of BAH. Dynamic Technology Lab Private Ltd purchased a new position in Booz Allen Hamilton in the fourth quarter worth $535,000. D.A. Davidson & CO. boosted its position in Booz Allen Hamilton by 276.2% in the fourth quarter. D.A. Davidson & CO. now owns 17,567 shares of the business services provider’s stock worth $2,247,000 after purchasing an additional 12,897 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in Booz Allen Hamilton by 6.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 32,950 shares of the business services provider’s stock worth $4,215,000 after purchasing an additional 2,000 shares during the last quarter. Intech Investment Management LLC boosted its position in Booz Allen Hamilton by 18.3% in the fourth quarter. Intech Investment Management LLC now owns 60,679 shares of the business services provider’s stock worth $7,761,000 after purchasing an additional 9,379 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its position in Booz Allen Hamilton by 32.3% in the fourth quarter. Hsbc Holdings PLC now owns 103,466 shares of the business services provider’s stock worth $13,224,000 after purchasing an additional 25,265 shares during the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Truist Financial boosted their price objective on Booz Allen Hamilton from $140.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday, September 5th. Wells Fargo & Company raised Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and dropped their price target for the company from $168.00 to $165.00 in a research report on Monday, July 29th. Jefferies Financial Group upped their price target 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. TD Cowen dropped their price target on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Monday, July 29th. Finally, Barclays dropped their price target on Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $159.33.

Booz Allen Hamilton Stock Performance

NYSE:BAH opened at $157.89 on Friday. The company has a debt-to-equity ratio of 3.07, a quick ratio of 1.55 and a current ratio of 1.55. Booz Allen Hamilton Holding Co. has a 52-week low of $106.90 and a 52-week high of $164.43. The firm has a market cap of $20.42 billion, a price-to-earnings ratio of 34.32, a PEG ratio of 2.19 and a beta of 0.59. The business’s fifty day moving average is $152.10 and its 200 day moving average is $150.69.

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

Booz Allen Hamilton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th were paid a $0.51 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $2.04 dividend on an annualized basis and a yield of 1.29%. Booz Allen Hamilton’s dividend payout ratio is currently 44.35%.

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 stock was sold at an average price of $143.31, for a total value of $149,185.71. Following the transaction, the director now directly owns 18,123 shares in the company, valued at approximately $2,597,207.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate 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.