Virtus Investment Advisers Inc. Sells 75 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Virtus Investment Advisers Inc. cut its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 9.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 709 shares of the business services provider’s stock after selling 75 shares during the quarter. Virtus Investment Advisers Inc.’s holdings in Booz Allen Hamilton were worth $105,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Banque Cantonale Vaudoise raised its position in shares of Booz Allen Hamilton by 112.4% during the 1st quarter. Banque Cantonale Vaudoise now owns 206 shares of the business services provider’s stock valued at $31,000 after buying an additional 109 shares in the last quarter. MCF Advisors LLC boosted its stake in Booz Allen Hamilton by 103.6% in the first quarter. MCF Advisors LLC now owns 226 shares of the business services provider’s stock worth $34,000 after buying an additional 115 shares in the last quarter. Crewe Advisors LLC purchased a new position in shares of Booz Allen Hamilton during the first quarter worth approximately $35,000. Smithfield Trust Co lifted 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 acquiring an additional 121 shares during the last quarter. Finally, Riverview Trust Co bought a new stake in Booz Allen Hamilton in the first quarter worth $39,000. Institutional investors own 91.82% of the company’s stock.

Insider Buying and Selling

In other Booz Allen Hamilton news, EVP Richard Crowe sold 1,006 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Booz Allen Hamilton news, EVP Richard Crowe sold 1,006 shares of the firm’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $151.96, for a total value of $152,871.76. Following the sale, the executive vice president now directly owns 29,739 shares in the company, valued at $4,519,138.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Horacio Rozanski sold 34,571 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 579,025 shares in the company, valued at $89,256,703.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 58,255 shares of company stock worth $8,970,026. Company insiders own 1.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BAH. Jefferies Financial Group raised their target price on shares of Booz Allen Hamilton from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. JPMorgan Chase & Co. raised their price target on Booz Allen Hamilton from $136.00 to $154.00 and gave the company a “neutral” rating in a report on Wednesday, July 10th. TD Cowen decreased their price objective on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Monday. Wells Fargo & Company raised shares of Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $168.00 to $165.00 in a research note on Monday. Finally, Barclays cut their target price on shares of Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating on the stock in a research report on Tuesday. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $156.56.

Booz Allen Hamilton Trading Up 2.8 %

Booz Allen Hamilton stock traded up $3.83 during midday trading on Wednesday, hitting $142.65. 565,702 shares of the stock were exchanged, compared to its average volume of 669,424. Booz Allen Hamilton Holding Co. has a fifty-two week low of $106.90 and a fifty-two week high of $164.43. The stock has a market capitalization of $18.43 billion, a price-to-earnings ratio of 30.66, a PEG ratio of 2.08 and a beta of 0.57. The stock’s 50-day simple moving average is $153.59 and its 200 day simple moving average is $147.94. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 3.20.

Booz Allen Hamilton (NYSE:BAH) last posted its earnings results 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. The company had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.71 billion. Booz Allen Hamilton had a return on equity of 66.04% and a net margin of 5.57%. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.01 earnings per share. On average, equities analysts anticipate that Booz Allen Hamilton Holding Co. will post 5.96 EPS for the current year.

Booz Allen Hamilton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Wednesday, August 14th. Booz Allen Hamilton’s dividend payout ratio 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.