Anchor Capital Advisors LLC Decreases Stock Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Anchor Capital Advisors LLC lessened its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 13.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 399,332 shares of the business services provider’s stock after selling 60,267 shares during the quarter. Booz Allen Hamilton comprises 1.7% of Anchor Capital Advisors LLC’s investment portfolio, making the stock its 10th biggest position. Anchor Capital Advisors LLC’s holdings in Booz Allen Hamilton were worth $61,457,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of BAH. Price T Rowe Associates Inc. MD raised its position in shares of Booz Allen Hamilton by 2.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,406,880 shares of the business services provider’s stock valued at $1,544,798,000 after buying an additional 222,884 shares in the last quarter. WCM Investment Management LLC boosted its holdings in shares of Booz Allen Hamilton by 0.5% in the 1st quarter. WCM Investment Management LLC now owns 4,252,168 shares of the business services provider’s stock valued at $631,192,000 after purchasing an additional 22,708 shares in the last quarter. Norges Bank bought a new position in shares of Booz Allen Hamilton in the 4th quarter valued at $188,129,000. Axiom Investors LLC DE raised its holdings in shares of Booz Allen Hamilton by 9.4% during the 4th quarter. Axiom Investors LLC DE now owns 1,185,362 shares of the business services provider’s stock worth $151,620,000 after buying an additional 102,062 shares in the last quarter. Finally, Bessemer Group Inc. lifted its position in shares of Booz Allen Hamilton by 1.9% during the 1st quarter. Bessemer Group Inc. now owns 1,178,784 shares of the business services provider’s stock worth $174,978,000 after buying an additional 22,545 shares during the last quarter. Institutional investors own 91.82% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on BAH. Wells Fargo & Company upgraded Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and decreased their target price for the company from $168.00 to $165.00 in a research report on Monday, July 29th. Truist Financial lifted their price target on shares of Booz Allen Hamilton from $140.00 to $165.00 and gave the company a “hold” rating in a report on Thursday. Barclays dropped their price objective on shares of Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating for the company in a research note on Tuesday, July 30th. JPMorgan Chase & Co. boosted their target price on shares of Booz Allen Hamilton from $136.00 to $154.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Finally, 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 note on Tuesday, May 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $159.33.

Booz Allen Hamilton Price Performance

BAH stock opened at $152.11 on Friday. The company has a debt-to-equity ratio of 3.07, a quick ratio of 1.55 and a current ratio of 1.55. Booz Allen Hamilton Holding Co. has a 52-week low of $106.90 and a 52-week high of $164.43. The company has a market capitalization of $19.67 billion, a P/E ratio of 33.07, a PEG ratio of 2.29 and a beta of 0.59. The company has a fifty day moving average price of $151.99 and a 200-day moving average price of $150.19.

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

Booz Allen Hamilton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 14th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend was Wednesday, August 14th. Booz Allen Hamilton’s payout ratio is presently 44.35%.

Insider Buying and Selling at Booz Allen Hamilton

In related news, Director Melody C. Barnes sold 1,041 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $143.31, for a total value of $149,185.71. Following the transaction, the director now owns 18,123 shares in the company, valued at $2,597,207.13. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.59% of the company’s stock.

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.