Booz Allen Hamilton Holding Co. (NYSE:BAH) Position Lessened by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC lowered its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 5.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,110 shares of the business services provider’s stock after selling 344 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Booz Allen Hamilton were worth $994,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Booz Allen Hamilton by 6.8% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 295,447 shares of the business services provider’s stock worth $43,856,000 after buying an additional 18,815 shares in the last quarter. Mediolanum International Funds Ltd acquired a new position in shares of Booz Allen Hamilton during the first quarter valued at $2,044,000. Cetera Investment Advisers raised its stake in shares of Booz Allen Hamilton by 142.5% during the first quarter. Cetera Investment Advisers now owns 28,615 shares of the business services provider’s stock valued at $4,248,000 after purchasing an additional 16,815 shares in the last quarter. Sei Investments Co. lifted its holdings in Booz Allen Hamilton by 47.4% in the first quarter. Sei Investments Co. now owns 168,377 shares of the business services provider’s stock worth $24,995,000 after purchasing an additional 54,180 shares during the period. Finally, State Board of Administration of Florida Retirement System grew its position in Booz Allen Hamilton by 2.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 149,998 shares of the business services provider’s stock valued at $22,266,000 after buying an additional 4,264 shares in the last quarter. Institutional investors own 91.82% of the company’s stock.

Wall Street Analyst Weigh In

BAH has been the topic of a number of recent analyst reports. The Goldman Sachs Group boosted their price target on shares of Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. StockNews.com raised Booz Allen Hamilton from a “sell” rating to a “hold” rating in a report on Monday, October 14th. TD Cowen lowered their price target on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Monday, July 29th. Truist Financial boosted their price objective 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. Finally, JPMorgan Chase & Co. cut Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and raised their target price for the company from $154.00 to $158.00 in a research note on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $170.75.

Insider Buying and Selling at Booz Allen Hamilton

In other news, Director Melody C. Barnes sold 1,041 shares of Booz Allen Hamilton 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 in the company, valued at approximately $2,597,207.13. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Booz Allen Hamilton news, Director Melody C. Barnes sold 1,041 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $143.31, for a total transaction of $149,185.71. Following the completion of the sale, the director now directly owns 18,123 shares in the company, valued at approximately $2,597,207.13. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Matthew Calderone sold 3,865 shares of the company’s stock in a transaction dated 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 in the company, valued at $5,389,280. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.59% of the company’s stock.

Booz Allen Hamilton Stock Performance

Shares of NYSE BAH opened at $163.91 on Monday. Booz Allen Hamilton Holding Co. has a 52-week low of $114.69 and a 52-week high of $164.58. The stock has a market capitalization of $21.20 billion, a price-to-earnings ratio of 35.63, a PEG ratio of 2.33 and a beta of 0.59. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 3.07. The stock’s fifty day simple moving average is $156.80 and its 200 day simple moving average is $152.77.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings data on Friday, July 26th. The business services provider reported $1.38 earnings per share (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 for 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 5.97 earnings per share for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend was Wednesday, August 14th. Booz Allen Hamilton’s payout ratio is 44.35%.

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.