Cynosure Group LLC Takes $314,000 Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Cynosure Group LLC acquired a new position in Booz Allen Hamilton Holding Co. (NYSE:BAH) during the first quarter, Holdings Channel reports. The firm acquired 2,117 shares of the business services provider’s stock, valued at approximately $314,000.

Other institutional investors have also modified their holdings of the company. Banque Cantonale Vaudoise raised its position 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 worth $31,000 after acquiring an additional 109 shares in the last quarter. Smithfield Trust Co raised its holdings in shares of Booz Allen Hamilton by 87.7% in the 4th quarter. Smithfield Trust Co now owns 259 shares of the business services provider’s stock worth $34,000 after purchasing an additional 121 shares in the last quarter. MCF Advisors LLC lifted its stake in Booz Allen Hamilton by 103.6% during the first quarter. MCF Advisors LLC now owns 226 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 115 shares during the last quarter. Riverview Trust Co bought a new stake in Booz Allen Hamilton during the first quarter worth approximately $39,000. Finally, BKM Wealth Management LLC acquired a new position in Booz Allen Hamilton in the fourth quarter worth approximately $40,000. Institutional investors and hedge funds own 91.82% of the company’s stock.

Insider Activity

In related news, CEO Horacio Rozanski sold 34,571 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $154.15, for a total transaction of $5,329,119.65. Following the transaction, the chief executive officer now owns 579,025 shares of the company’s stock, valued at $89,256,703.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Booz Allen Hamilton news, CEO Horacio Rozanski sold 34,571 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $154.15, for a total value of $5,329,119.65. Following the sale, the chief executive officer now directly owns 579,025 shares in the company, valued at approximately $89,256,703.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Richard Crowe sold 180 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $154.15, for a total transaction of $27,747.00. Following the transaction, the executive vice president now directly owns 17,486 shares of the company’s stock, valued at approximately $2,695,466.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 58,255 shares of company stock valued at $8,970,026. 1.59% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on BAH. TD Cowen increased their price objective on Booz Allen Hamilton from $158.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. Stifel Nicolaus increased their price target on Booz Allen Hamilton from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. Barclays lifted their price target on Booz Allen Hamilton from $135.00 to $153.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 29th. Jefferies Financial Group upped 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. Finally, JPMorgan Chase & Co. lifted 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $161.78.

Booz Allen Hamilton Stock Up 0.6 %

Booz Allen Hamilton stock traded up $1.01 during mid-day trading on Tuesday, hitting $159.18. 103,955 shares of the company’s stock were exchanged, compared to its average volume of 636,377. Booz Allen Hamilton Holding Co. has a 1-year low of $106.90 and a 1-year high of $164.43. The stock has a 50 day moving average of $154.03 and a two-hundred day moving average of $147.02. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 3.20. The stock has a market cap of $20.59 billion, a P/E ratio of 34.41, a P/E/G ratio of 2.22 and a beta of 0.57.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings data on Friday, May 24th. The business services provider reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.10. Booz Allen Hamilton had a return on equity of 68.12% and a net margin of 5.68%. The business had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same quarter in the prior year, the firm posted $1.01 EPS. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. As a group, analysts anticipate that Booz Allen Hamilton Holding Co. will post 6.05 EPS for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 13th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.28%. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 44.35%.

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