Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Sold by Summit Trail Advisors LLC

Summit Trail Advisors LLC cut its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 12.5% in the second quarter, HoldingsChannel reports. The fund owned 2,523 shares of the business services provider’s stock after selling 361 shares during the period. Summit Trail Advisors LLC’s holdings in Booz Allen Hamilton were worth $388,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. First Horizon Advisors Inc. boosted its stake in Booz Allen Hamilton by 4.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,596 shares of the business services provider’s stock worth $246,000 after purchasing an additional 69 shares during the last quarter. X Square Capital LLC boosted its position in Booz Allen Hamilton by 0.7% during the second quarter. X Square Capital LLC now owns 10,509 shares of the business services provider’s stock worth $1,617,000 after acquiring an additional 72 shares during the last quarter. CIBC Asset Management Inc grew its stake in Booz Allen Hamilton by 1.9% during the 2nd quarter. CIBC Asset Management Inc now owns 4,448 shares of the business services provider’s stock valued at $685,000 after acquiring an additional 82 shares in the last quarter. Gulf International Bank UK Ltd raised its holdings in Booz Allen Hamilton by 0.8% in the 1st quarter. Gulf International Bank UK Ltd now owns 10,838 shares of the business services provider’s stock valued at $1,608,000 after acquiring an additional 85 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in Booz Allen Hamilton by 0.5% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 17,990 shares of the business services provider’s stock worth $2,671,000 after purchasing an additional 93 shares in the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Stock Up 1.2 %

Booz Allen Hamilton stock opened at $159.83 on Tuesday. The company has a market capitalization of $20.67 billion, a PE ratio of 34.75, a price-to-earnings-growth ratio of 2.19 and a beta of 0.59. 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 fifty-two week low of $106.90 and a fifty-two week high of $164.43. The firm has a 50 day moving average price of $152.15 and a 200 day moving average price of $150.79.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings data on Friday, July 26th. The business services provider reported $1.38 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $2.92 billion. Research analysts expect that Booz Allen Hamilton Holding Co. will post 5.96 earnings per share for the current year.

Booz Allen Hamilton Dividend Announcement

The firm 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. This represents a $2.04 annualized dividend and a dividend yield of 1.28%. The ex-dividend date was Wednesday, August 14th. Booz Allen Hamilton’s payout ratio is 44.35%.

Insider Activity at Booz Allen Hamilton

In other Booz Allen Hamilton news, Director Melody C. Barnes sold 1,041 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $143.31, for a total transaction of $149,185.71. Following 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 SEC, which is available through this link. Company insiders own 1.59% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on BAH shares. Truist Financial increased their price target on Booz Allen Hamilton from $140.00 to $165.00 and gave the company a “hold” rating in a report on Thursday, September 5th. Barclays cut their target price on Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating for the company in a research note on Tuesday, July 30th. Wells Fargo & Company raised shares of Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and lowered their price target for the company from $168.00 to $165.00 in a research report on Monday, July 29th. JPMorgan Chase & Co. raised their price objective on shares of Booz Allen Hamilton from $136.00 to $154.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Finally, Jefferies Financial Group boosted their target price on shares of Booz Allen Hamilton from $180.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $159.33.

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.