TrueMark Investments LLC Invests $540,000 in Booz Allen Hamilton Holding Co. (NYSE:BAH)

TrueMark Investments LLC bought a new position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,511 shares of the business services provider’s stock, valued at approximately $540,000.

A number of other hedge funds and other institutional investors have also modified their holdings of BAH. Opal Wealth Advisors LLC acquired a new position in Booz Allen Hamilton in the second quarter valued at approximately $26,000. OFI Invest Asset Management acquired a new position in Booz Allen Hamilton in the second quarter valued at approximately $29,000. Banque Cantonale Vaudoise boosted its stake in Booz Allen Hamilton by 112.4% in the first quarter. Banque Cantonale Vaudoise now owns 206 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 109 shares during the period. Smithfield Trust Co boosted its stake 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 valued at $34,000 after acquiring an additional 121 shares during the period. Finally, MCF Advisors LLC boosted its stake in Booz Allen Hamilton by 103.6% in the first 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 period. 91.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Barclays cut their price target on Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating on the stock in a report on Tuesday, July 30th. Wells Fargo & Company raised Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and cut their price target for the company from $168.00 to $165.00 in a report on Monday, July 29th. JPMorgan Chase & Co. boosted their target price on Booz Allen Hamilton from $136.00 to $154.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. Truist Financial dropped their target price on Booz Allen Hamilton from $160.00 to $140.00 and set a “hold” rating on the stock in a report on Monday, July 29th. Finally, Jefferies Financial Group upped their price target on Booz Allen Hamilton from $180.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $156.56.

Insiders Place Their Bets

In other Booz Allen Hamilton news, EVP Richard Crowe sold 1,006 shares of Booz Allen Hamilton stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $151.96, for a total transaction of $152,871.76. Following the completion of the sale, the executive vice president now owns 29,739 shares of the company’s stock, valued at approximately $4,519,138.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Richard Crowe sold 1,006 shares of Booz Allen Hamilton stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $151.96, for a total transaction of $152,871.76. Following the transaction, the executive vice president now directly owns 29,739 shares of the company’s stock, valued at $4,519,138.44. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Melody C. Barnes sold 1,041 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $143.31, for a total transaction of $149,185.71. Following the completion of the sale, the director now directly owns 18,123 shares in the company, valued at $2,597,207.13. The disclosure for this sale can be found here. Corporate insiders own 1.59% of the company’s stock.

Booz Allen Hamilton Stock Performance

Shares of NYSE BAH traded up $1.41 during mid-day trading on Friday, hitting $158.78. The company had a trading volume of 577,255 shares, compared to its average volume of 671,511. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.55 and a quick ratio of 1.62. The business’s 50-day simple moving average is $152.01 and its 200-day simple moving average is $149.78. Booz Allen Hamilton Holding Co. has a 12 month low of $106.90 and a 12 month high of $164.43. The firm has a market cap of $20.53 billion, a P/E ratio of 34.52, a PEG ratio of 2.06 and a beta of 0.57.

Booz Allen Hamilton (NYSE:BAH) last released its earnings results 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 net margin of 5.57% and a return on equity of 65.80%. The company had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $2.92 billion. As a group, analysts predict that Booz Allen Hamilton Holding Co. will post 5.97 earnings per share for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Wednesday, August 14th. Booz Allen Hamilton’s dividend payout ratio is 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 focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.