Intech Investment Management LLC Sells 4,241 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Intech Investment Management LLC reduced its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 17.9% in the third quarter, HoldingsChannel reports. The firm owned 19,394 shares of the business services provider’s stock after selling 4,241 shares during the quarter. Intech Investment Management LLC’s holdings in Booz Allen Hamilton were worth $3,157,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. AGF Management Ltd. grew its position in Booz Allen Hamilton by 63.4% during the second quarter. AGF Management Ltd. now owns 1,750,610 shares of the business services provider’s stock valued at $269,419,000 after buying an additional 679,280 shares during the period. Captrust Financial Advisors boosted its stake in shares of Booz Allen Hamilton by 29.4% during the 1st quarter. Captrust Financial Advisors now owns 1,076,130 shares of the business services provider’s stock worth $159,741,000 after acquiring an additional 244,391 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of Booz Allen Hamilton by 184.0% during the 2nd quarter. Acadian Asset Management LLC now owns 335,463 shares of the business services provider’s stock valued at $51,613,000 after acquiring an additional 217,349 shares during the period. Van ECK Associates Corp increased its stake in shares of Booz Allen Hamilton by 75.3% in the 2nd quarter. Van ECK Associates Corp now owns 465,363 shares of the business services provider’s stock worth $71,619,000 after purchasing an additional 199,871 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in Booz Allen Hamilton by 91.6% in the 2nd quarter. Millennium Management LLC now owns 367,645 shares of the business services provider’s stock worth $56,581,000 after purchasing an additional 175,795 shares during the period. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on BAH. Barclays boosted their price target on Booz Allen Hamilton from $142.00 to $175.00 and gave the company an “underweight” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. downgraded Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and boosted their price objective for the company from $154.00 to $158.00 in a research note on Wednesday, October 2nd. The Goldman Sachs Group raised their target price on shares of Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Truist Financial dropped their price target on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a research report on Friday. Finally, Jefferies Financial Group downgraded shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and raised their price objective for the company from $180.00 to $190.00 in a research report on Monday, November 4th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $176.88.

Booz Allen Hamilton Trading Down 0.4 %

Shares of BAH opened at $149.22 on Friday. Booz Allen Hamilton Holding Co. has a 1 year low of $123.17 and a 1 year high of $190.59. The company has a 50 day simple moving average of $164.73 and a two-hundred day simple moving average of $156.82. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.56 and a quick ratio of 1.56. The firm has a market cap of $19.07 billion, a P/E ratio of 23.43, a price-to-earnings-growth ratio of 1.80 and a beta of 0.58.

Booz Allen Hamilton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Friday, November 15th. Booz Allen Hamilton’s payout ratio is currently 32.03%.

Insiders Place Their Bets

In other Booz Allen Hamilton news, EVP Richard Crowe sold 4,243 shares of Booz Allen Hamilton stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $165.00, for a total value of $700,095.00. Following the sale, the executive vice president now owns 25,496 shares of the company’s stock, valued at $4,206,840. The trade was a 14.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Matthew Calderone sold 3,865 shares of the 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 transaction, the chief financial officer now owns 33,683 shares of the company’s stock, valued at $5,389,280. This represents a 10.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,173 shares of company stock worth $1,989,220 in the last 90 days. 1.59% of the stock is currently owned by corporate insiders.

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.