Virtus Investment Advisers Inc. Reduces Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Virtus Investment Advisers Inc. reduced its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 9.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 709 shares of the business services provider’s stock after selling 75 shares during the period. Virtus Investment Advisers Inc.’s holdings in Booz Allen Hamilton were worth $105,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Banque Cantonale Vaudoise lifted its holdings in shares of Booz Allen Hamilton by 112.4% during the first quarter. Banque Cantonale Vaudoise now owns 206 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 109 shares during the last quarter. MCF Advisors LLC boosted its holdings in shares of Booz Allen Hamilton by 103.6% during the 1st quarter. MCF Advisors LLC now owns 226 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 115 shares during the last quarter. Crewe Advisors LLC purchased a new stake in Booz Allen Hamilton during the 1st quarter valued at $35,000. Smithfield Trust Co boosted its position in Booz Allen Hamilton by 87.7% in the fourth quarter. Smithfield Trust Co now owns 259 shares of the business services provider’s stock worth $34,000 after purchasing an additional 121 shares during the last quarter. Finally, Riverview Trust Co bought a new position in shares of Booz Allen Hamilton in the 1st quarter worth approximately $39,000. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

Booz Allen Hamilton Stock Up 2.8 %

BAH stock traded up $3.83 during trading on Wednesday, reaching $142.65. 565,702 shares of the company traded hands, compared to its average volume of 669,424. The business has a 50 day simple moving average of $153.59 and a 200 day simple moving average of $147.94. Booz Allen Hamilton Holding Co. has a 12 month low of $106.90 and a 12 month high of $164.43. The company has a market capitalization of $18.43 billion, a price-to-earnings ratio of 30.66, a price-to-earnings-growth ratio of 2.08 and a beta of 0.57. The company has a debt-to-equity ratio of 3.20, a quick ratio of 1.62 and a current ratio of 1.62.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings data on Friday, May 24th. The business services provider reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.10. The firm had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.71 billion. Booz Allen Hamilton had a net margin of 5.57% and a return on equity of 66.04%. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.01 earnings per share. On average, equities research analysts anticipate that Booz Allen Hamilton Holding Co. will post 5.96 earnings per share for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Wednesday, August 14th. Booz Allen Hamilton’s payout ratio is currently 44.35%.

Insider Buying and Selling at Booz Allen Hamilton

In related news, EVP Richard Crowe sold 180 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $154.15, for a total transaction of $27,747.00. Following the completion of the sale, the executive vice president now directly owns 17,486 shares in the company, valued at $2,695,466.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Richard Crowe sold 180 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $154.15, for a total transaction of $27,747.00. Following the completion of the transaction, the executive vice president now directly owns 17,486 shares in the company, valued at approximately $2,695,466.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Horacio Rozanski sold 34,571 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $154.15, for a total value of $5,329,119.65. Following the transaction, the chief executive officer now directly owns 579,025 shares in the company, valued at approximately $89,256,703.75. The disclosure for this sale can be found here. Insiders have sold a total of 58,255 shares of company stock valued at $8,970,026 over the last ninety days. Corporate insiders own 1.59% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. TD Cowen cut their price target on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a report on Monday. Barclays decreased their price objective on Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating on the stock in a report on Tuesday. Jefferies Financial Group boosted their price target on shares of Booz Allen Hamilton from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Wells Fargo & Company raised shares of Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and lowered their target price for the company from $168.00 to $165.00 in a research note on Monday. Finally, JPMorgan Chase & Co. raised their price target on shares of Booz Allen Hamilton from $136.00 to $154.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $156.56.

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