Price T Rowe Associates Inc. MD Has $1.54 Billion Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Price T Rowe Associates Inc. MD raised its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 2.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,406,880 shares of the business services provider’s stock after buying an additional 222,884 shares during the period. Price T Rowe Associates Inc. MD owned 8.02% of Booz Allen Hamilton worth $1,544,798,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Gladius Capital Management LP bought a new position in shares of Booz Allen Hamilton in the 4th quarter valued at about $1,037,000. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Booz Allen Hamilton by 6.8% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 295,447 shares of the business services provider’s stock valued at $43,856,000 after acquiring an additional 18,815 shares during the period. Mediolanum International Funds Ltd bought a new position in shares of Booz Allen Hamilton in the 1st quarter valued at about $2,044,000. BNP Paribas Financial Markets grew its position in shares of Booz Allen Hamilton by 33.6% in the 4th quarter. BNP Paribas Financial Markets now owns 77,191 shares of the business services provider’s stock valued at $9,874,000 after acquiring an additional 19,432 shares during the period. Finally, Sei Investments Co. grew its position in shares of Booz Allen Hamilton by 47.4% in the 1st quarter. Sei Investments Co. now owns 168,377 shares of the business services provider’s stock valued at $24,995,000 after acquiring an additional 54,180 shares during the period. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on BAH shares. Wells Fargo & Company lifted their price objective on shares of Booz Allen Hamilton from $158.00 to $169.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 28th. Jefferies Financial Group lifted their price objective on shares of Booz Allen Hamilton from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Barclays lifted their target price on shares of Booz Allen Hamilton from $135.00 to $153.00 and gave the stock an “underweight” rating in a report on Wednesday, May 29th. TD Cowen lifted their target price on shares of Booz Allen Hamilton from $158.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. Finally, Truist Financial lifted their target price on shares of Booz Allen Hamilton from $145.00 to $160.00 and gave the stock a “hold” rating in a report on Tuesday, May 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $161.78.

Insider Activity

In other news, EVP Richard Crowe sold 1,006 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $151.96, for a total value of $152,871.76. Following the completion of the transaction, the executive vice president now directly owns 29,739 shares in the company, valued at approximately $4,519,138.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Richard Crowe sold 1,006 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $151.96, for a total value of $152,871.76. Following the completion of the transaction, the executive vice president now directly owns 29,739 shares in the company, valued at approximately $4,519,138.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Matthew Calderone sold 332 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $154.15, for a total transaction of $51,177.80. Following the completion of the transaction, the chief financial officer now owns 23,438 shares of the company’s stock, valued at $3,612,967.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 58,255 shares of company stock worth $8,970,026. 1.59% of the stock is currently owned by corporate insiders.

Booz Allen Hamilton Stock Performance

Booz Allen Hamilton stock traded down $13.74 during midday trading on Friday, hitting $139.84. The company’s stock had a trading volume of 2,954,380 shares, compared to its average volume of 526,841. Booz Allen Hamilton Holding Co. has a 1-year low of $106.90 and a 1-year high of $164.43. The company has a debt-to-equity ratio of 3.20, a current ratio of 1.62 and a quick ratio of 1.62. The company has a 50-day moving average price of $154.09 and a two-hundred day moving average price of $147.46. The company has a market cap of $18.08 billion, a price-to-earnings ratio of 30.40, a PEG ratio of 1.99 and a beta of 0.57.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings data on Friday, July 26th. The business services provider reported $1.38 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.14). Booz Allen Hamilton had a return on equity of 68.12% and a net margin of 5.68%. The business had revenue of $2.94 billion during the quarter, compared to analyst estimates of $2.92 billion. As a group, sell-side analysts predict that Booz Allen Hamilton Holding Co. will post 5.93 earnings per share for the current year.

Booz Allen Hamilton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 13th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend was Thursday, June 13th. Booz Allen Hamilton’s payout ratio is presently 44.35%.

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 also focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.