Short Interest in Booz Allen Hamilton Holding Co. (NYSE:BAH) Rises By 6.6%

Booz Allen Hamilton Holding Co. (NYSE:BAH) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 1,460,000 shares, a growth of 6.6% from the May 31st total of 1,370,000 shares. Approximately 1.2% of the company’s shares are short sold. Based on an average daily trading volume, of 657,800 shares, the days-to-cover ratio is presently 2.2 days.

Insider Buying and Selling

In related news, EVP Richard Crowe sold 180 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $154.15, for a total transaction of $27,747.00. Following the sale, the executive vice president now owns 17,486 shares of the company’s stock, valued at approximately $2,695,466.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Richard Crowe sold 180 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $154.15, for a total transaction of $27,747.00. Following the sale, the executive vice president now owns 17,486 shares of the company’s stock, valued at approximately $2,695,466.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Susan L. Penfield sold 18,522 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $153.73, for a total value of $2,847,387.06. Following the sale, the executive vice president now directly owns 33,788 shares in the company, valued at approximately $5,194,229.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 58,255 shares of company stock valued at $8,970,026. 1.59% of the stock is owned by company insiders.

Institutional Investors Weigh In On Booz Allen Hamilton

Several hedge funds have recently bought and sold shares of BAH. Norges Bank bought a new position in shares of Booz Allen Hamilton during the fourth quarter worth approximately $188,129,000. JPMorgan Chase & Co. grew its holdings in Booz Allen Hamilton by 30.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,968,252 shares of the business services provider’s stock valued at $324,341,000 after buying an additional 686,318 shares in the last quarter. AGF Management Ltd. increased its position in Booz Allen Hamilton by 40.8% during the 4th quarter. AGF Management Ltd. now owns 1,089,265 shares of the business services provider’s stock worth $139,328,000 after buying an additional 315,495 shares during the period. Captrust Financial Advisors lifted its holdings in shares of Booz Allen Hamilton by 29.4% during the first quarter. Captrust Financial Advisors now owns 1,076,130 shares of the business services provider’s stock worth $159,741,000 after buying an additional 244,391 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Booz Allen Hamilton by 2.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,406,880 shares of the business services provider’s stock worth $1,544,798,000 after buying an additional 222,884 shares in the last quarter. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BAH has been the topic of several recent research reports. Barclays lifted their price target on Booz Allen Hamilton from $135.00 to $153.00 and gave the company an “underweight” rating in a research note on Wednesday, May 29th. Stifel Nicolaus lifted 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. TD Cowen lifted their price target on Booz Allen Hamilton from $158.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Wells Fargo & Company raised their price objective on Booz Allen Hamilton from $158.00 to $169.00 and gave the company an “equal weight” rating in a report on Tuesday, May 28th. Finally, Truist Financial raised their price objective on Booz Allen Hamilton from $145.00 to $160.00 and gave the company a “hold” rating in a report on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $159.78.

Booz Allen Hamilton Trading Up 1.1 %

Booz Allen Hamilton stock opened at $154.51 on Thursday. Booz Allen Hamilton has a 52 week low of $106.90 and a 52 week high of $164.43. The company has a debt-to-equity ratio of 3.20, a quick ratio of 1.62 and a current ratio of 1.62. The stock has a market capitalization of $19.98 billion, a P/E ratio of 33.59, a PEG ratio of 1.83 and a beta of 0.57. The stock has a 50-day simple moving average of $152.35 and a 200 day simple moving average of $144.20.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings results on Friday, May 24th. The business services provider reported $1.33 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $2.71 billion. During the same quarter last year, the company posted $1.01 earnings per share. Booz Allen Hamilton’s quarterly revenue was up 13.9% on a year-over-year basis. Analysts expect that Booz Allen Hamilton will post 6.04 earnings per share for the current year.

Booz Allen Hamilton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 13th were issued a $0.51 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $2.04 annualized dividend and a yield of 1.32%. Booz Allen Hamilton’s dividend payout ratio is currently 44.35%.

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