Intech Investment Management LLC Has $3.64 Million Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Intech Investment Management LLC trimmed its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 44.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,635 shares of the business services provider’s stock after selling 18,599 shares during the period. Intech Investment Management LLC’s holdings in Booz Allen Hamilton were worth $3,637,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of BAH. Price T Rowe Associates Inc. MD boosted its position in shares of Booz Allen Hamilton by 2.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,406,880 shares of the business services provider’s stock valued at $1,544,798,000 after acquiring an additional 222,884 shares in the last quarter. WCM Investment Management LLC boosted its position in shares of Booz Allen Hamilton by 0.5% during the 1st quarter. WCM Investment Management LLC now owns 4,252,168 shares of the business services provider’s stock valued at $631,192,000 after acquiring an additional 22,708 shares in the last quarter. AGF Management Ltd. boosted its position in shares of Booz Allen Hamilton by 63.4% during the 2nd quarter. AGF Management Ltd. now owns 1,750,610 shares of the business services provider’s stock valued at $269,419,000 after acquiring an additional 679,280 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Booz Allen Hamilton by 6.1% during the 2nd quarter. American Century Companies Inc. now owns 1,672,961 shares of the business services provider’s stock valued at $257,469,000 after acquiring an additional 96,553 shares in the last quarter. Finally, Axiom Investors LLC DE boosted its position in shares of Booz Allen Hamilton by 9.4% during the 4th quarter. Axiom Investors LLC DE now owns 1,185,362 shares of the business services provider’s stock valued at $151,620,000 after acquiring an additional 102,062 shares in the last quarter. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Booz Allen Hamilton Trading Up 1.1 %

Shares of NYSE BAH opened at $157.89 on Monday. Booz Allen Hamilton Holding Co. has a 1-year low of $106.90 and a 1-year high of $164.43. The company has a market cap of $20.42 billion, a PE ratio of 34.32, a P/E/G ratio of 2.19 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 has a 50-day moving average of $152.10 and a two-hundred day moving average of $150.71.

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 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 the consensus estimate of $2.92 billion. As a group, equities analysts expect that Booz Allen Hamilton Holding Co. will post 5.96 earnings per share for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The firm also recently declared 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. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date was Wednesday, August 14th. Booz Allen Hamilton’s dividend payout ratio (DPR) is 44.35%.

Analyst Ratings Changes

BAH has been the topic of several recent research reports. 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 research report on Tuesday, July 30th. JPMorgan Chase & Co. lifted their target price on shares of Booz Allen Hamilton from $136.00 to $154.00 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. Truist Financial boosted their price target on shares of Booz Allen Hamilton from $140.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday, September 5th. TD Cowen reduced 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 research report on Monday, July 29th. Finally, Wells Fargo & Company upgraded shares of Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and reduced their price target for the company from $168.00 to $165.00 in a research report on Monday, July 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $159.33.

Insider Buying and Selling

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 shares were 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 of the company’s stock, valued at $2,597,207.13. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.59% of the stock is currently owned by insiders.

About Booz Allen Hamilton

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.