Dai ichi Life Insurance Company Ltd Acquires 1,863 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Dai ichi Life Insurance Company Ltd boosted its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 10.3% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 19,917 shares of the business services provider’s stock after purchasing an additional 1,863 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Booz Allen Hamilton were worth $3,065,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Private Advisor Group LLC acquired a new position in shares of Booz Allen Hamilton during the fourth quarter valued at about $374,000. Ieq Capital LLC bought a new stake in shares of Booz Allen Hamilton in the 4th quarter worth approximately $202,000. Avantax Advisory Services Inc. grew its holdings in shares of Booz Allen Hamilton by 4.2% during the 4th quarter. Avantax Advisory Services Inc. now owns 3,865 shares of the business services provider’s stock worth $494,000 after purchasing an additional 156 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Booz Allen Hamilton by 10.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 59,369 shares of the business services provider’s stock valued at $7,487,000 after purchasing an additional 5,562 shares during the period. Finally, Vanguard Personalized Indexing Management LLC raised its stake in shares of Booz Allen Hamilton by 16.5% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 7,982 shares of the business services provider’s stock valued at $1,021,000 after purchasing an additional 1,131 shares in the last quarter. 91.82% of the stock is owned by institutional investors.

Insiders Place Their Bets

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

Booz Allen Hamilton Stock Up 1.5 %

NYSE BAH opened at $156.99 on Monday. The stock’s 50 day simple moving average is $152.02 and its 200 day simple moving average is $150.41. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.55 and a quick ratio of 1.55. Booz Allen Hamilton Holding Co. has a one year low of $106.90 and a one year high of $164.43. The firm has a market cap of $20.30 billion, a PE ratio of 34.13, a price-to-earnings-growth ratio of 2.19 and a beta of 0.59.

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

Booz Allen Hamilton Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend was Wednesday, August 14th. Booz Allen Hamilton’s dividend payout ratio is currently 44.35%.

Analyst Ratings Changes

BAH has been the topic of several analyst reports. Barclays lowered 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 report on Tuesday, July 30th. Jefferies Financial Group increased their price target on shares of Booz Allen Hamilton from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. TD Cowen decreased their price objective on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Monday, July 29th. JPMorgan Chase & Co. increased their target price on Booz Allen Hamilton from $136.00 to $154.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. Finally, Truist Financial boosted their price target on Booz Allen Hamilton from $140.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Booz Allen Hamilton has a consensus rating of “Moderate Buy” and a consensus target price of $159.33.

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.