Moors & Cabot Inc. Sells 71 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Moors & Cabot Inc. reduced its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 4.1% in the third quarter, HoldingsChannel reports. The fund owned 1,656 shares of the business services provider’s stock after selling 71 shares during the period. Moors & Cabot Inc.’s holdings in Booz Allen Hamilton were worth $270,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. AGF Management Ltd. lifted its holdings in shares of 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 purchasing an additional 679,280 shares during the last quarter. Captrust Financial Advisors raised its stake in Booz Allen Hamilton by 29.4% during the first quarter. Captrust Financial Advisors now owns 1,076,130 shares of the business services provider’s stock valued at $159,741,000 after buying an additional 244,391 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in Booz Allen Hamilton by 184.0% in the second quarter. Acadian Asset Management LLC now owns 335,463 shares of the business services provider’s stock worth $51,613,000 after acquiring an additional 217,349 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Booz Allen Hamilton by 75.3% in the second quarter. Van ECK Associates Corp now owns 465,363 shares of the business services provider’s stock worth $71,619,000 after acquiring an additional 199,871 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in shares of Booz Allen Hamilton by 91.6% during the second quarter. Millennium Management LLC now owns 367,645 shares of the business services provider’s stock valued at $56,581,000 after acquiring an additional 175,795 shares in the last quarter. Institutional investors own 91.82% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on BAH. TD Cowen cut their price objective 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. StockNews.com downgraded shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Jefferies Financial Group cut Booz Allen Hamilton from a “buy” rating to a “hold” rating and upped their price objective for the company from $180.00 to $190.00 in a research report on Monday, November 4th. The Goldman Sachs Group lifted their target price on Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. downgraded Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and upped their price target for the company from $154.00 to $158.00 in a report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $176.88.

Booz Allen Hamilton Stock Performance

BAH stock opened at $149.22 on Friday. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.56 and a quick ratio of 1.56. 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 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. The stock’s fifty day moving average price is $164.73 and its 200-day moving average price is $156.82.

Booz Allen Hamilton Announces Dividend

The company 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 dividend of $0.51 per share. The ex-dividend date is Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.37%. Booz Allen Hamilton’s dividend payout ratio is currently 32.03%.

Insider Activity

In related news, EVP Richard Crowe sold 4,243 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total transaction of $700,095.00. Following the completion of the sale, the executive vice president now directly owns 25,496 shares in the company, valued at approximately $4,206,840. The trade was a 14.27 % 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. Also, CFO Matthew Calderone sold 3,865 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 33,683 shares in the company, valued at $5,389,280. The trade was a 10.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,173 shares of company stock valued at $1,989,220 in the last quarter. 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.