Metis Global Partners LLC reduced its stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH – Free Report) by 23.3% in the 2nd quarter, Holdings Channel reports. The firm owned 2,455 shares of the business services provider’s stock after selling 747 shares during the quarter. Metis Global Partners LLC’s holdings in Booz Allen Hamilton were worth $256,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of BAH. Brooklyn Investment Group boosted its position in shares of Booz Allen Hamilton by 102.8% in the first quarter. Brooklyn Investment Group now owns 294 shares of the business services provider’s stock worth $31,000 after buying an additional 149 shares during the period. WPG Advisers LLC acquired a new position in Booz Allen Hamilton during the 1st quarter worth approximately $35,000. Ransom Advisory Ltd purchased a new position in Booz Allen Hamilton in the 1st quarter worth approximately $35,000. Golden State Wealth Management LLC grew its position in Booz Allen Hamilton by 244.9% in the second quarter. Golden State Wealth Management LLC now owns 338 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 240 shares in the last quarter. Finally, Banque Cantonale Vaudoise purchased a new stake in shares of Booz Allen Hamilton during the first quarter valued at approximately $37,000. Institutional investors and hedge funds own 91.82% of the company’s stock.
Booz Allen Hamilton Stock Performance
Shares of Booz Allen Hamilton stock opened at $84.25 on Friday. The company has a debt-to-equity ratio of 3.89, a quick ratio of 1.78 and a current ratio of 1.76. Booz Allen Hamilton Holding Corporation has a 1 year low of $82.23 and a 1 year high of $170.05. The firm’s 50-day simple moving average is $96.26 and its 200-day simple moving average is $105.53. The firm has a market cap of $10.22 billion, a PE ratio of 12.86, a price-to-earnings-growth ratio of 1.46 and a beta of 0.39.
Booz Allen Hamilton Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Friday, November 14th will be paid a dividend of $0.55 per share. The ex-dividend date is Friday, November 14th. This represents a $2.20 annualized dividend and a yield of 2.6%. Booz Allen Hamilton’s dividend payout ratio (DPR) is 33.59%.
Insider Buying and Selling
In other Booz Allen Hamilton news, CEO Horacio Rozanski bought 23,800 shares of the stock in a transaction on Thursday, October 30th. The stock was purchased at an average price of $84.66 per share, for a total transaction of $2,014,908.00. Following the completion of the purchase, the chief executive officer directly owned 687,745 shares in the company, valued at approximately $58,224,491.70. This trade represents a 3.58% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.91% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the stock. Truist Financial set a $90.00 target price on shares of Booz Allen Hamilton in a research note on Friday, October 24th. The Goldman Sachs Group cut their price objective on shares of Booz Allen Hamilton from $93.00 to $80.00 and set a “sell” rating on the stock in a report on Monday, October 27th. JPMorgan Chase & Co. lowered their target price on Booz Allen Hamilton from $122.00 to $90.00 and set an “underweight” rating for the company in a research note on Monday, October 27th. UBS Group dropped their target price on Booz Allen Hamilton from $115.00 to $93.00 and set a “neutral” rating on the stock in a research report on Monday, October 27th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Booz Allen Hamilton in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $110.82.
View Our Latest Stock Report on BAH
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.
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