Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. decreased its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 5.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,929 shares of the business services provider’s stock after selling 447 shares during the period. Foster & Motley Inc.’s holdings in Booz Allen Hamilton were worth $1,220,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. TD Asset Management Inc increased its stake in Booz Allen Hamilton by 27.1% during the second quarter. TD Asset Management Inc now owns 253,914 shares of the business services provider’s stock worth $39,077,000 after acquiring an additional 54,187 shares during the last quarter. Versor Investments LP acquired a new stake in shares of Booz Allen Hamilton during the 2nd quarter worth about $493,000. CIBC Asset Management Inc raised its holdings in Booz Allen Hamilton by 1.9% in the 2nd quarter. CIBC Asset Management Inc now owns 4,448 shares of the business services provider’s stock valued at $685,000 after buying an additional 82 shares during the period. Convergence Investment Partners LLC lifted its position in Booz Allen Hamilton by 229.0% in the second quarter. Convergence Investment Partners LLC now owns 4,599 shares of the business services provider’s stock valued at $708,000 after buying an additional 3,201 shares during the last quarter. Finally, Resonant Capital Advisors LLC increased its position in shares of Booz Allen Hamilton by 7.5% during the second quarter. Resonant Capital Advisors LLC now owns 6,454 shares of the business services provider’s stock valued at $993,000 after acquiring an additional 448 shares during the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

Insider Buying and Selling at Booz Allen Hamilton

In other news, Director Melody C. Barnes sold 1,041 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $143.31, for a total transaction of $149,185.71. Following the completion of the sale, the director now owns 18,123 shares in the company, valued at $2,597,207.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.59% of the stock is currently owned by company insiders.

Booz Allen Hamilton Stock Performance

Shares of BAH stock opened at $155.90 on Friday. Booz Allen Hamilton Holding Co. has a 1 year low of $106.90 and a 1 year high of $164.43. The company has a debt-to-equity ratio of 3.07, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a market cap of $20.16 billion, a price-to-earnings ratio of 33.89, a PEG ratio of 2.29 and a beta of 0.59. The stock’s 50-day moving average is $152.02 and its two-hundred day moving average is $150.11.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings results on Friday, July 26th. The business services provider reported $1.38 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.14). The firm had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.92 billion. Booz Allen Hamilton had a return on equity of 65.80% and a net margin of 5.57%. Analysts predict that Booz Allen Hamilton Holding Co. will post 5.96 earnings per share for the current year.

Booz Allen Hamilton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 14th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date was Wednesday, August 14th. Booz Allen Hamilton’s dividend payout ratio is currently 44.35%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on BAH shares. JPMorgan Chase & Co. increased 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. TD Cowen decreased their target price on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating on the stock in a research note on Monday, July 29th. Barclays cut their price target on shares of Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating on the stock in a research note on Tuesday, July 30th. Truist Financial raised their price objective on shares of Booz Allen Hamilton from $140.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday. Finally, Wells Fargo & Company upgraded shares of Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $168.00 to $165.00 in a report on Monday, July 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $159.33.

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