Quest Partners LLC Sells 11,563 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Quest Partners LLC reduced its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 89.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,436 shares of the business services provider’s stock after selling 11,563 shares during the period. Quest Partners LLC’s holdings in Booz Allen Hamilton were worth $234,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of BAH. AGF Management Ltd. increased its holdings in Booz Allen Hamilton by 63.4% in the 2nd quarter. AGF Management Ltd. now owns 1,750,610 shares of the business services provider’s stock valued at $269,419,000 after buying an additional 679,280 shares during the period. Acadian Asset Management LLC increased its stake in Booz Allen Hamilton by 184.0% in the second quarter. Acadian Asset Management LLC now owns 335,463 shares of the business services provider’s stock valued at $51,613,000 after acquiring an additional 217,349 shares during the last quarter. Van ECK Associates Corp raised its position in Booz Allen Hamilton by 75.3% during the second quarter. Van ECK Associates Corp now owns 465,363 shares of the business services provider’s stock valued at $71,619,000 after purchasing an additional 199,871 shares in the last quarter. Millennium Management LLC lifted its stake in Booz Allen Hamilton by 91.6% during the second quarter. Millennium Management LLC now owns 367,645 shares of the business services provider’s stock worth $56,581,000 after purchasing an additional 175,795 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in shares of Booz Allen Hamilton in the 3rd quarter valued at $224,110,000. Institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Trading Up 0.8 %

Shares of BAH stock opened at $148.63 on Wednesday. Booz Allen Hamilton Holding Co. has a 1-year low of $123.17 and a 1-year high of $190.59. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 2.76. The stock has a market cap of $18.99 billion, a price-to-earnings ratio of 23.35, a PEG ratio of 1.79 and a beta of 0.58. The stock has a 50-day moving average of $164.51 and a 200-day moving average of $156.85.

Booz Allen Hamilton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.04 annualized dividend and a yield of 1.37%. Booz Allen Hamilton’s payout ratio is 32.03%.

Insider Activity

In other Booz Allen Hamilton news, EVP Richard Crowe sold 4,243 shares of the stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $165.00, for a total transaction of $700,095.00. Following the completion of the sale, the executive vice president now directly owns 25,496 shares in the company, valued at approximately $4,206,840. This trade represents a 14.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Matthew Calderone sold 4,065 shares of Booz Allen Hamilton stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $165.00, for a total value of $670,725.00. Following the completion of the transaction, the chief financial officer now directly owns 29,618 shares of the company’s stock, valued at approximately $4,886,970. This trade represents a 12.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,173 shares of company stock valued at $1,989,220. 1.59% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have recently commented on BAH. Wells Fargo & Company lowered their price target on Booz Allen Hamilton from $206.00 to $177.00 and set an “overweight” rating for the company in a report on Tuesday. JPMorgan Chase & Co. downgraded Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and boosted their target price for the stock from $154.00 to $158.00 in a research note on Wednesday, October 2nd. Truist Financial reduced their price target on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating on the stock in a research note on Friday, November 22nd. Jefferies Financial Group cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and upped their price objective for the stock from $180.00 to $190.00 in a research report on Monday, November 4th. Finally, The Goldman Sachs Group raised their target price on shares of Booz Allen Hamilton from $174.00 to $196.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $173.25.

Booz Allen Hamilton 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.