Driehaus Capital Management LLC Takes Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Driehaus Capital Management LLC acquired a new position in Booz Allen Hamilton Holding Co. (NYSE:BAH) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 67,034 shares of the business services provider’s stock, valued at approximately $10,317,000. Driehaus Capital Management LLC owned approximately 0.05% of Booz Allen Hamilton at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hsbc Holdings PLC lifted its position in Booz Allen Hamilton by 32.3% during the 4th quarter. Hsbc Holdings PLC now owns 103,466 shares of the business services provider’s stock valued at $13,224,000 after acquiring an additional 25,265 shares during the period. Steward Partners Investment Advisory LLC increased its position in Booz Allen Hamilton by 5.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,215 shares of the business services provider’s stock valued at $283,000 after buying an additional 110 shares in the last quarter. TD Asset Management Inc grew its stake in shares of Booz Allen Hamilton by 11.8% in the fourth quarter. TD Asset Management Inc now owns 158,299 shares of the business services provider’s stock worth $20,248,000 after acquiring an additional 16,764 shares during the last quarter. Stifel Financial Corp raised its position in shares of Booz Allen Hamilton by 16.6% in the 4th quarter. Stifel Financial Corp now owns 99,297 shares of the business services provider’s stock worth $12,702,000 after purchasing an additional 14,131 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its position in Booz Allen Hamilton by 31.5% during the 4th quarter. Allianz Asset Management GmbH now owns 33,334 shares of the business services provider’s stock valued at $4,264,000 after purchasing an additional 7,985 shares during the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on BAH shares. StockNews.com downgraded shares of Booz Allen Hamilton from a “hold” rating to a “sell” rating in a research report on Wednesday, September 25th. JPMorgan Chase & Co. boosted their price target on Booz Allen Hamilton from $136.00 to $154.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Truist Financial increased their price objective on Booz Allen Hamilton from $140.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday, September 5th. Wells Fargo & Company raised Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and decreased their target price for the stock from $168.00 to $165.00 in a research report on Monday, July 29th. Finally, TD Cowen dropped their price target on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Monday, July 29th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $159.33.

Booz Allen Hamilton Stock Performance

BAH opened at $162.05 on Monday. Booz Allen Hamilton Holding Co. has a 12-month low of $108.64 and a 12-month high of $164.43. The company has a market cap of $20.96 billion, a price-to-earnings ratio of 35.23, a PEG ratio of 2.30 and a beta of 0.59. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 3.07. The company’s 50 day moving average is $152.43 and its 200 day moving average is $151.19.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings data 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). 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 during the quarter, compared to analysts’ expectations of $2.92 billion. On average, equities research analysts predict that Booz Allen Hamilton Holding Co. will post 5.96 EPS for the current year.

Booz Allen Hamilton Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.26%. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 44.35%.

Insider Buying and Selling

In other Booz Allen Hamilton news, CFO Matthew Calderone sold 3,865 shares of Booz Allen Hamilton 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 transaction, the chief financial officer now owns 33,683 shares of the company’s stock, valued at $5,389,280. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Melody C. Barnes sold 1,041 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $143.31, for a total value of $149,185.71. Following the transaction, the director now directly owns 18,123 shares of the company’s stock, valued at approximately $2,597,207.13. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Matthew Calderone sold 3,865 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer now directly owns 33,683 shares of the company’s stock, valued at $5,389,280. The disclosure for this sale can be found here. 1.59% of the stock is currently owned by insiders.

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.