Point72 Asset Management L.P. Acquires Shares of 2,849 Booz Allen Hamilton Holding Co. (NYSE:BAH)

Point72 Asset Management L.P. purchased a new position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 2,849 shares of the business services provider’s stock, valued at approximately $439,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BAH. Opal Wealth Advisors LLC acquired a new position in shares of Booz Allen Hamilton during the second quarter valued at approximately $26,000. OFI Invest Asset Management purchased a new position in Booz Allen Hamilton in the 2nd quarter valued at $29,000. Banque Cantonale Vaudoise boosted its stake in Booz Allen Hamilton by 112.4% during the 1st quarter. Banque Cantonale Vaudoise now owns 206 shares of the business services provider’s stock worth $31,000 after purchasing an additional 109 shares during the last quarter. MCF Advisors LLC lifted its stake in Booz Allen Hamilton by 103.6% in the 1st quarter. MCF Advisors LLC now owns 226 shares of the business services provider’s stock worth $34,000 after purchasing an additional 115 shares in the last quarter. Finally, Innealta Capital LLC acquired a new position in shares of Booz Allen Hamilton during the 2nd quarter worth approximately $34,000. 91.82% of the stock is owned by hedge funds and other institutional investors.

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 dated Monday, September 23rd. The stock was sold at an average price of $160.00, for a total value of $618,400.00. Following the completion of the transaction, the chief financial officer now directly owns 33,683 shares of the company’s stock, valued at $5,389,280. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Booz Allen Hamilton news, CFO Matthew Calderone sold 3,865 shares of the firm’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 value of $618,400.00. Following the completion of the transaction, the chief financial officer now owns 33,683 shares of the company’s stock, valued at $5,389,280. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 value of $149,185.71. Following the sale, the director now directly owns 18,123 shares in the company, valued at $2,597,207.13. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.59% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently commented on BAH. TD Cowen cut their price target on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a report on Monday, July 29th. Truist Financial raised their target price on Booz Allen Hamilton from $140.00 to $165.00 and gave the stock a “hold” rating in a research note on Thursday, September 5th. Wells Fargo & Company boosted their price target on shares of Booz Allen Hamilton from $165.00 to $185.00 and gave the company an “overweight” rating in a research report on Tuesday. JPMorgan Chase & Co. cut shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and raised their price objective for the stock from $154.00 to $158.00 in a research report on Wednesday. Finally, Barclays decreased their target price 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. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $166.00.

Booz Allen Hamilton Trading Down 0.2 %

NYSE BAH opened at $160.69 on Friday. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.55 and a quick ratio of 1.55. The stock has a market capitalization of $20.78 billion, a P/E ratio of 34.93, a PEG ratio of 2.30 and a beta of 0.59. The firm’s 50-day moving average is $153.29 and its two-hundred day moving average is $151.70. Booz Allen Hamilton Holding Co. has a 12 month low of $114.69 and a 12 month high of $164.43.

Booz Allen Hamilton (NYSE:BAH) last issued 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 analyst estimates of $2.92 billion. On average, sell-side analysts anticipate that Booz Allen Hamilton Holding Co. will post 5.96 earnings per share for the current year.

Booz Allen Hamilton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 14th were issued a $0.51 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $2.04 annualized dividend and a dividend yield of 1.27%. Booz Allen Hamilton’s dividend payout ratio is presently 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 focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.