Penserra Capital Management LLC Sells 10,123 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Penserra Capital Management LLC lowered its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 2.2% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 456,109 shares of the business services provider’s stock after selling 10,123 shares during the period. Booz Allen Hamilton makes up approximately 1.6% of Penserra Capital Management LLC’s portfolio, making the stock its 9th biggest holding. Penserra Capital Management LLC’s holdings in Booz Allen Hamilton were worth $74,234,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Cerity Partners LLC grew its position in Booz Allen Hamilton by 39.7% in the 3rd quarter. Cerity Partners LLC now owns 37,401 shares of the business services provider’s stock worth $6,087,000 after purchasing an additional 10,623 shares in the last quarter. Citigroup Inc. grew its holdings in shares of Booz Allen Hamilton by 3.4% in the third quarter. Citigroup Inc. now owns 92,631 shares of the business services provider’s stock valued at $15,077,000 after acquiring an additional 3,022 shares in the last quarter. Eagle Asset Management Inc. increased its position in shares of Booz Allen Hamilton by 3.6% during the third quarter. Eagle Asset Management Inc. now owns 957,300 shares of the business services provider’s stock valued at $155,810,000 after acquiring an additional 32,897 shares during the last quarter. Hilton Capital Management LLC lifted its holdings in Booz Allen Hamilton by 1.3% during the third quarter. Hilton Capital Management LLC now owns 100,717 shares of the business services provider’s stock worth $16,393,000 after acquiring an additional 1,246 shares during the period. Finally, Commerce Bank boosted its position in Booz Allen Hamilton by 3.1% in the third quarter. Commerce Bank now owns 21,834 shares of the business services provider’s stock worth $3,554,000 after purchasing an additional 648 shares during the last quarter. 91.82% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Matthew Calderone sold 3,865 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $160.00, for a total transaction of $618,400.00. Following the sale, the chief financial officer now owns 33,683 shares of the company’s stock, valued at approximately $5,389,280. This represents a 10.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Richard Crowe sold 4,243 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total transaction of $700,095.00. Following the completion of the transaction, the executive vice president now directly owns 25,496 shares of the company’s stock, valued at approximately $4,206,840. The trade was a 14.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,173 shares of company stock valued at $1,989,220. Corporate insiders own 1.59% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Jefferies Financial Group lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating and raised their target price for the company from $180.00 to $190.00 in a research report on Monday, November 4th. StockNews.com lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. downgraded shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and increased their target price for the company from $154.00 to $158.00 in a research report on Wednesday, October 2nd. Barclays lifted their price target on shares of Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. Finally, Wells Fargo & Company increased their price objective on Booz Allen Hamilton from $185.00 to $206.00 and gave the company an “overweight” rating in a report on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $176.88.

Booz Allen Hamilton Stock Down 0.4 %

Booz Allen Hamilton stock opened at $149.22 on Friday. The firm has a market capitalization of $19.07 billion, a price-to-earnings ratio of 23.43, a P/E/G ratio of 1.80 and a beta of 0.58. The firm has a 50 day simple moving average of $164.73 and a 200 day simple moving average of $156.82. Booz Allen Hamilton Holding Co. has a 1-year low of $123.17 and a 1-year high of $190.59. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 2.76.

Booz Allen Hamilton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Friday, November 15th will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.37%. Booz Allen Hamilton’s payout ratio is 32.03%.

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