Booz Allen Hamilton Holding Co. (NYSE:BAH) Holdings Boosted by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. grew its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 1.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,514 shares of the business services provider’s stock after purchasing an additional 359 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in Booz Allen Hamilton were worth $3,664,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Horizon Advisors Inc. grew its stake in Booz Allen Hamilton by 4.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,596 shares of the business services provider’s stock worth $246,000 after buying an additional 69 shares during the last quarter. X Square Capital LLC grew its position in shares of Booz Allen Hamilton by 0.7% during the second quarter. X Square Capital LLC now owns 10,509 shares of the business services provider’s stock worth $1,617,000 after acquiring an additional 72 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Booz Allen Hamilton by 13.0% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 685 shares of the business services provider’s stock worth $111,000 after acquiring an additional 79 shares during the period. CIBC Asset Management Inc lifted its position in Booz Allen Hamilton by 1.9% in the 2nd quarter. CIBC Asset Management Inc now owns 4,448 shares of the business services provider’s stock valued at $685,000 after purchasing an additional 82 shares during the last quarter. Finally, Gulf International Bank UK Ltd boosted its stake in Booz Allen Hamilton by 0.8% during the 1st quarter. Gulf International Bank UK Ltd now owns 10,838 shares of the business services provider’s stock valued at $1,608,000 after purchasing an additional 85 shares during the period. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Booz Allen Hamilton

In other news, Director Melody C. Barnes sold 1,041 shares of the stock in a transaction 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 owns 18,123 shares in the company, valued at $2,597,207.13. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CFO Matthew Calderone sold 3,865 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $160.00, for a total value of $618,400.00. Following the transaction, the chief financial officer now directly owns 33,683 shares of the company’s stock, valued at approximately $5,389,280. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 completion of the sale, the director now owns 18,123 shares of the company’s stock, valued at approximately $2,597,207.13. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.59% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on BAH shares. StockNews.com raised Booz Allen Hamilton from a “sell” rating to a “hold” rating in a report on Monday. JPMorgan Chase & Co. downgraded Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and lifted their target price for the company from $154.00 to $158.00 in a research note on Wednesday, October 2nd. Barclays decreased their price target on Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating for the company in a research note on Tuesday, July 30th. 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. Finally, 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. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $170.75.

Booz Allen Hamilton Price Performance

Shares of BAH traded up $1.02 during trading hours on Wednesday, hitting $163.36. 37,953 shares of the company were exchanged, compared to its average volume of 668,413. 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 company has a market capitalization of $21.13 billion, a PE ratio of 35.29, a PEG ratio of 2.33 and a beta of 0.59. The firm has a fifty day simple moving average of $155.46 and a 200-day simple moving average of $152.34. Booz Allen Hamilton Holding Co. has a one year low of $114.69 and a one year high of $164.43.

Booz Allen Hamilton (NYSE:BAH) last announced its 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 return on equity of 65.80% and a net margin of 5.57%. The firm had revenue of $2.94 billion during the quarter, compared to analyst estimates of $2.92 billion. As a group, sell-side analysts predict that Booz Allen Hamilton Holding Co. will post 5.97 earnings per share for the current year.

Booz Allen Hamilton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th were given a $0.51 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $2.04 dividend on an annualized basis and a yield of 1.25%. 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.