Cerity Partners LLC Buys 10,623 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Cerity Partners LLC lifted its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 39.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,401 shares of the business services provider’s stock after acquiring an additional 10,623 shares during the quarter. Cerity Partners LLC’s holdings in Booz Allen Hamilton were worth $6,087,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AGF Management Ltd. grew its position in 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 purchasing an additional 679,280 shares in the last quarter. American Century Companies Inc. increased its position in shares of Booz Allen Hamilton by 6.1% during the second quarter. American Century Companies Inc. now owns 1,672,961 shares of the business services provider’s stock valued at $257,469,000 after acquiring an additional 96,553 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Booz Allen Hamilton by 10.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,021,239 shares of the business services provider’s stock worth $157,184,000 after acquiring an additional 93,544 shares during the period. Eagle Asset Management Inc. boosted its position in Booz Allen Hamilton by 3.6% in the third quarter. Eagle Asset Management Inc. now owns 957,300 shares of the business services provider’s stock worth $155,810,000 after purchasing an additional 32,897 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in Booz Allen Hamilton by 0.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 947,231 shares of the business services provider’s stock valued at $145,779,000 after purchasing an additional 2,767 shares during the period. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Insider Activity

In other news, EVP Richard Crowe sold 4,243 shares of the business’s stock in a transaction 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 transaction, the executive vice president now directly owns 25,496 shares in the company, 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 Securities & Exchange Commission, 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 value of $618,400.00. Following the completion of the sale, the chief financial officer now owns 33,683 shares in the company, valued at $5,389,280. This trade represents a 10.29 % decrease in their position. 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 over the last ninety days. Company insiders own 1.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. 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 research note on Thursday, October 10th. Barclays boosted their target price on shares of Booz Allen Hamilton from $142.00 to $175.00 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. Truist Financial decreased 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 note on Friday, November 22nd. Jefferies Financial Group downgraded 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 note on Monday, November 4th. Finally, StockNews.com downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Booz Allen Hamilton presently has a consensus rating of “Hold” and an average target price of $173.25.

Booz Allen Hamilton Price Performance

Booz Allen Hamilton stock opened at $147.35 on Thursday. 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 one year low of $123.17 and a one year high of $190.59. The firm has a market capitalization of $18.83 billion, a P/E ratio of 23.13, a PEG ratio of 1.77 and a beta of 0.58. The business has a fifty day moving average price of $164.37 and a 200-day moving average price of $156.80.

Booz Allen Hamilton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Friday, November 15th. Booz Allen Hamilton’s payout ratio is presently 32.03%.

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.