Intech Investment Management LLC reduced its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 17.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Opal Wealth Advisors LLC purchased a new position in Booz Allen Hamilton during the 2nd quarter valued at $26,000. OFI Invest Asset Management purchased a new position in shares of Booz Allen Hamilton during the second quarter valued at about $29,000. Peterson Financial Group Inc. bought a new position in Booz Allen Hamilton in the third quarter worth about $31,000. Innealta Capital LLC purchased a new stake in Booz Allen Hamilton in the second quarter worth about $34,000. Finally, Gilliland Jeter Wealth Management LLC bought a new stake in Booz Allen Hamilton during the 3rd quarter valued at approximately $45,000. 91.82% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Richard Crowe sold 4,243 shares of the company's stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $165.00, for a total transaction of $700,095.00. Following the transaction, the executive vice president now directly owns 25,496 shares of the company's stock, valued at $4,206,840. This represents a 14.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Matthew Calderone sold 3,865 shares of Booz Allen Hamilton stock in a transaction dated 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 of the company's stock, 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. In the last three months, insiders have sold 12,173 shares of company stock valued at $1,989,220. 1.59% of the stock is owned by corporate insiders.
NYSE:BAH opened at $149.22 on Friday. 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 firm has a market cap of $19.07 billion, a P/E ratio of 23.43, a P/E/G ratio of 1.80 and a beta of 0.58. Booz Allen Hamilton Holding Co. has a fifty-two week low of $123.17 and a fifty-two week high of $190.59. The firm has a 50-day simple moving average of $164.73 and a two-hundred day simple moving average of $156.82.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Friday, November 15th will be issued a $0.51 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a yield of 1.37%. Booz Allen Hamilton's payout ratio is currently 32.03%.
A number of research analysts have recently commented on the company. StockNews.com cut Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. cut shares of Booz Allen Hamilton from a "neutral" rating to an "underweight" rating and boosted their target price for the company from $154.00 to $158.00 in a report on Wednesday, October 2nd. TD Cowen reduced their target price 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. Barclays lifted their price target on shares of Booz Allen Hamilton from $142.00 to $175.00 and gave the company an "underweight" rating in a research report on Tuesday, October 29th. Finally, The Goldman Sachs Group upped their price objective on shares of Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. Two investment 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.com, the stock presently has an average rating of "Hold" and a consensus price target of $176.88.
Read Our Latest Report on 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.
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