Argent Capital Management LLC Has $93.43 Million Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Argent Capital Management LLC reduced its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 725,976 shares of the business services provider’s stock after selling 9,065 shares during the period. Booz Allen Hamilton accounts for about 2.6% of Argent Capital Management LLC’s portfolio, making the stock its 12th largest holding. Argent Capital Management LLC owned about 0.57% of Booz Allen Hamilton worth $93,433,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Peterson Financial Group Inc. acquired a new stake in Booz Allen Hamilton in the 3rd quarter valued at $31,000. Gilliland Jeter Wealth Management LLC acquired a new stake in Booz Allen Hamilton in the 3rd quarter valued at $45,000. Kennebec Savings Bank acquired a new stake in Booz Allen Hamilton in the 3rd quarter valued at $60,000. Covestor Ltd increased its stake in Booz Allen Hamilton by 87.2% in the 3rd quarter. Covestor Ltd now owns 629 shares of the business services provider’s stock valued at $103,000 after buying an additional 293 shares during the last quarter. Finally, Anchor Investment Management LLC increased its stake in shares of Booz Allen Hamilton by 865.7% during the 3rd quarter. Anchor Investment Management LLC now owns 647 shares of the business services provider’s stock worth $105,000 after purchasing an additional 580 shares during the last quarter. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Booz Allen Hamilton

In other Booz Allen Hamilton news, EVP Richard Crowe sold 4,243 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $165.00, for a total value of $700,095.00. Following the completion of 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 document filed with the SEC, which is available at the SEC website. Also, CFO Matthew Calderone sold 4,065 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $165.00, for a total transaction of $670,725.00. Following the completion of the sale, the chief financial officer now directly owns 29,618 shares of the company’s stock, valued at $4,886,970. This represents a 12.07 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.59% of the company’s stock.

Booz Allen Hamilton Stock Performance

Shares of BAH stock opened at $136.34 on Thursday. The company has a market capitalization of $17.42 billion, a price-to-earnings ratio of 21.40, a PEG ratio of 1.62 and a beta of 0.55. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.56 and a current ratio of 1.56. The company has a 50-day simple moving average of $141.93 and a 200 day simple moving average of $152.29. Booz Allen Hamilton Holding Co. has a 52 week low of $125.88 and a 52 week high of $190.59.

Booz Allen Hamilton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Friday, November 15th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.50%. The ex-dividend date was Friday, November 15th. Booz Allen Hamilton’s payout ratio is 32.03%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. UBS Group assumed coverage on shares of Booz Allen Hamilton in a research note on Monday, December 2nd. They set a “neutral” rating and a $159.00 price objective on the stock. TD Cowen lowered their price objective on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Barclays upgraded shares of Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price objective on the stock in a research note on Monday, January 6th. Jefferies Financial Group lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $180.00 to $190.00 in a research note on Monday, November 4th. Finally, Truist Financial lowered their price objective on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating on the stock in a research note on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Booz Allen Hamilton currently has a consensus rating of “Hold” and a consensus price target of $161.78.

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.