Mather Group LLC. Buys 602 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Mather Group LLC. raised its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 13.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 5,210 shares of the business services provider’s stock after buying an additional 602 shares during the quarter. Mather Group LLC.’s holdings in Booz Allen Hamilton were worth $773,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in BAH. Arizona State Retirement System lifted its position in shares of Booz Allen Hamilton by 0.8% in the fourth quarter. Arizona State Retirement System now owns 36,016 shares of the business services provider’s stock valued at $4,607,000 after buying an additional 279 shares during the last quarter. Fulton Bank N.A. increased its holdings in shares of Booz Allen Hamilton by 22.6% in the fourth quarter. Fulton Bank N.A. now owns 5,455 shares of the business services provider’s stock valued at $698,000 after purchasing an additional 1,007 shares during the last quarter. Stratos Wealth Partners LTD. raised its position in shares of Booz Allen Hamilton by 1.8% in the fourth quarter. Stratos Wealth Partners LTD. now owns 24,082 shares of the business services provider’s stock valued at $3,080,000 after purchasing an additional 427 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Booz Allen Hamilton by 142.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 48,472 shares of the business services provider’s stock worth $6,200,000 after buying an additional 28,459 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in Booz Allen Hamilton by 178.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 9,083 shares of the business services provider’s stock valued at $1,162,000 after buying an additional 5,825 shares during the last quarter. 91.82% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Horacio Rozanski sold 34,571 shares of the company’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 value of $5,329,119.65. Following the completion of the transaction, the chief executive officer now owns 579,025 shares of the company’s stock, valued at $89,256,703.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Booz Allen Hamilton news, CEO Horacio Rozanski sold 34,571 shares of the company’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 value of $5,329,119.65. Following the completion of the transaction, the chief executive officer now directly owns 579,025 shares in the company, valued at approximately $89,256,703.75. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Melody C. Barnes sold 1,041 shares of Booz Allen Hamilton stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $143.31, for a total transaction of $149,185.71. Following the transaction, the director now owns 18,123 shares in the company, valued at approximately $2,597,207.13. The disclosure for this sale can be found here. Over the last three months, insiders have sold 59,296 shares of company stock valued at $9,119,212. 1.59% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BAH. JPMorgan Chase & Co. boosted their price objective on Booz Allen Hamilton from $136.00 to $154.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. Wells Fargo & Company upgraded Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and lowered their price objective for the stock from $168.00 to $165.00 in a research report on Monday, July 29th. Jefferies Financial Group boosted their price objective on shares of Booz Allen Hamilton from $180.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Stifel Nicolaus raised their target price on shares of Booz Allen Hamilton from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Finally, Truist Financial reduced their price target on Booz Allen Hamilton from $160.00 to $140.00 and set a “hold” rating on the stock in a research report on Monday, July 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Booz Allen Hamilton presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.56.

Booz Allen Hamilton Price Performance

Shares of BAH traded up $1.04 during midday trading on Wednesday, hitting $147.24. The company’s stock had a trading volume of 219,763 shares, compared to its average volume of 682,361. The company has a quick ratio of 1.62, a current ratio of 1.55 and a debt-to-equity ratio of 3.07. Booz Allen Hamilton Holding Co. has a one year low of $106.90 and a one year high of $164.43. The stock has a market capitalization of $19.02 billion, a price-to-earnings ratio of 31.78, a price-to-earnings-growth ratio of 2.06 and a beta of 0.57. The company’s fifty day simple moving average is $152.47 and its two-hundred day simple moving average is $148.54.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings results on Friday, May 24th. The business services provider reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.10. Booz Allen Hamilton had a net margin of 5.57% and a return on equity of 65.80%. The company had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same period in the previous year, the firm posted $1.01 EPS. The firm’s revenue was up 13.9% on a year-over-year basis. As a group, equities analysts expect that Booz Allen Hamilton Holding Co. will post 5.97 earnings per share for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The company also recently announced 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. The ex-dividend date is Wednesday, August 14th. This represents a $2.04 dividend on an annualized basis and a yield of 1.39%. 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.