Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Bought by MCF Advisors LLC

MCF Advisors LLC lifted its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 103.6% during the first quarter, Holdings Channel.com reports. The fund owned 226 shares of the business services provider’s stock after purchasing an additional 115 shares during the period. MCF Advisors LLC’s holdings in Booz Allen Hamilton were worth $34,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC increased its stake in shares of Booz Allen Hamilton by 25.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 29,895 shares of the business services provider’s stock valued at $4,438,000 after acquiring an additional 6,065 shares during the period. Riverview Trust Co acquired a new position in shares of Booz Allen Hamilton during the first quarter valued at approximately $39,000. Gulf International Bank UK Ltd increased its stake in shares of Booz Allen Hamilton by 0.8% during the first 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 period. Park Avenue Securities LLC increased its stake in shares of Booz Allen Hamilton by 9.9% during the first quarter. Park Avenue Securities LLC now owns 15,115 shares of the business services provider’s stock valued at $2,244,000 after acquiring an additional 1,367 shares during the period. Finally, Banque Cantonale Vaudoise increased its stake in shares of Booz Allen Hamilton by 112.4% during the first quarter. Banque Cantonale Vaudoise now owns 206 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 109 shares during the period. Institutional investors and hedge funds own 91.82% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on BAH shares. Jefferies Financial Group raised their price objective on shares of Booz Allen Hamilton from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. TD Cowen raised their target price on shares of Booz Allen Hamilton from $158.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. Stifel Nicolaus raised their target price on shares of Booz Allen Hamilton from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Wells Fargo & Company raised their target price on shares of Booz Allen Hamilton from $158.00 to $169.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 28th. Finally, Barclays raised their target price on shares of Booz Allen Hamilton from $135.00 to $153.00 and gave the stock an “underweight” rating in a report on Wednesday, May 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $159.78.

Booz Allen Hamilton Trading Down 1.5 %

Booz Allen Hamilton stock traded down $2.35 during midday trading on Friday, reaching $153.90. The stock had a trading volume of 1,816,822 shares, compared to its average volume of 612,447. The firm’s fifty day simple moving average is $151.85 and its two-hundred day simple moving average is $143.54. Booz Allen Hamilton Holding Co. has a twelve month low of $106.90 and a twelve month high of $164.43. The company has a debt-to-equity ratio of 3.20, a current ratio of 1.62 and a quick ratio of 1.62. The firm has a market cap of $19.90 billion, a price-to-earnings ratio of 33.46, a PEG ratio of 1.85 and a beta of 0.57.

Booz Allen Hamilton (NYSE:BAH) last released its earnings results on Friday, May 24th. The business services provider reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.10. Booz Allen Hamilton had a net margin of 5.68% and a return on equity of 68.12%. The company had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the prior year, the firm earned $1.01 EPS. The company’s revenue was up 13.9% compared to the same quarter last year. Equities analysts anticipate that Booz Allen Hamilton Holding Co. will post 6.04 EPS for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 13th were given a $0.51 dividend. The ex-dividend date was Thursday, June 13th. This represents a $2.04 dividend on an annualized basis and a yield of 1.33%. Booz Allen Hamilton’s payout ratio is 44.35%.

Insiders Place Their Bets

In other Booz Allen Hamilton news, EVP Richard Crowe sold 1,006 shares of the stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $151.96, for a total value of $152,871.76. Following the completion of the sale, the executive vice president now owns 29,739 shares in the company, valued at approximately $4,519,138.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, EVP Susan L. Penfield sold 18,522 shares of the firm’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $153.73, for a total transaction of $2,847,387.06. Following the transaction, the executive vice president now owns 33,788 shares in the company, valued at approximately $5,194,229.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Richard Crowe sold 1,006 shares of the firm’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $151.96, for a total transaction of $152,871.76. Following the transaction, the executive vice president now owns 29,739 shares in the company, valued at approximately $4,519,138.44. The disclosure for this sale can be found here. Insiders sold a total of 58,255 shares of company stock worth $8,970,026 in the last quarter. 1.59% of the stock is currently owned by corporate insiders.

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