Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Purchased by Amalgamated Bank

Amalgamated Bank boosted its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 2.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,653 shares of the business services provider’s stock after acquiring an additional 184 shares during the quarter. Amalgamated Bank’s holdings in Booz Allen Hamilton were worth $1,332,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD boosted its holdings in Booz Allen Hamilton by 2.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,406,880 shares of the business services provider’s stock worth $1,544,798,000 after buying an additional 222,884 shares in the last quarter. WCM Investment Management LLC boosted its stake 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 worth $631,192,000 after acquiring an additional 22,708 shares in the last quarter. AGF Management Ltd. grew its holdings in shares of Booz Allen Hamilton by 63.4% in the 2nd quarter. AGF Management Ltd. now owns 1,750,610 shares of the business services provider’s stock worth $269,419,000 after acquiring an additional 679,280 shares during the period. American Century Companies Inc. increased its stake in Booz Allen Hamilton by 6.1% in 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 purchasing an additional 96,553 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in Booz Allen Hamilton by 1.9% during the first quarter. Bessemer Group Inc. now owns 1,178,784 shares of the business services provider’s stock worth $174,978,000 after purchasing an additional 22,545 shares during the last quarter. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BAH has been the subject of a number of research analyst reports. Wells Fargo & Company upgraded Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and dropped their price target for the company from $168.00 to $165.00 in a research report on Monday, July 29th. JPMorgan Chase & Co. upped their price target on shares of Booz Allen Hamilton from $136.00 to $154.00 and gave the company a “neutral” rating in a report on Wednesday, July 10th. TD Cowen dropped their price objective on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Monday, July 29th. Truist Financial upped their target price 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. Finally, StockNews.com cut Booz Allen Hamilton from a “hold” rating to a “sell” rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, two have issued 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 “Hold” and an average price target of $159.33.

Insider Buying and Selling

In other Booz Allen Hamilton news, Director Melody C. Barnes sold 1,041 shares of the business’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 owns 18,123 shares of the company’s stock, valued at $2,597,207.13. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Booz Allen Hamilton news, Director Melody C. Barnes sold 1,041 shares of Booz Allen Hamilton 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 transaction, the director now directly owns 18,123 shares of the company’s stock, valued at $2,597,207.13. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Matthew Calderone sold 3,865 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $160.00, for a total transaction of $618,400.00. Following the completion of the sale, the chief financial officer now directly owns 33,683 shares of the company’s stock, valued at approximately $5,389,280. The disclosure for this sale can be found here. Corporate insiders own 1.59% of the company’s stock.

Booz Allen Hamilton Price Performance

BAH stock opened at $159.57 on Friday. The stock has a market capitalization of $20.61 billion, a price-to-earnings ratio of 34.69, a price-to-earnings-growth ratio of 2.30 and a beta of 0.59. The stock’s fifty day simple moving average is $152.31 and its 200-day simple moving average is $151.00. Booz Allen Hamilton Holding Co. has a 52-week low of $108.58 and a 52-week high of $164.43. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 3.07.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings results 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 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 analysts’ expectations of $2.92 billion. Equities research analysts expect that Booz Allen Hamilton Holding Co. will post 5.96 EPS for the current year.

Booz Allen Hamilton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th were issued a dividend of $0.51 per share. The ex-dividend date was Wednesday, August 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.28%. Booz Allen Hamilton’s payout ratio is 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.