Burney Co. Makes New Investment in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Burney Co. bought a new stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,940 shares of the business services provider’s stock, valued at approximately $606,000.

Other large investors also recently made changes to their positions in the company. HB Wealth Management LLC acquired a new stake in shares of Booz Allen Hamilton during the second quarter worth $322,000. Cambridge Investment Research Advisors Inc. increased its position in Booz Allen Hamilton by 20.3% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 15,212 shares of the business services provider’s stock worth $2,341,000 after acquiring an additional 2,569 shares during the period. Alta Capital Management LLC raised its position in shares of Booz Allen Hamilton by 0.8% in the second quarter. Alta Capital Management LLC now owns 18,410 shares of the business services provider’s stock valued at $2,833,000 after buying an additional 147 shares in the last quarter. West Oak Capital LLC lifted its position in shares of Booz Allen Hamilton by 72.7% during the 2nd quarter. West Oak Capital LLC now owns 950 shares of the business services provider’s stock valued at $146,000 after acquiring an additional 400 shares during the period. Finally, &PARTNERS bought a new position in Booz Allen Hamilton in the 2nd quarter valued at about $277,000. Institutional investors own 91.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BAH. Jefferies Financial Group upped their price objective 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. Barclays dropped their price objective on shares of Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating for the company in a report on Tuesday, July 30th. TD Cowen dropped their price target on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Monday, July 29th. Stifel Nicolaus increased their price objective on Booz Allen Hamilton from $155.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Finally, Truist Financial cut 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $156.56.

Insider Buying and Selling at Booz Allen Hamilton

In other Booz Allen Hamilton news, Director Melody C. Barnes sold 1,041 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $143.31, for a total value of $149,185.71. Following the sale, the director now directly owns 18,123 shares in the company, valued at $2,597,207.13. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Melody C. Barnes sold 1,041 shares of the company’s stock in a transaction that occurred 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 sale, the director now directly owns 18,123 shares in the company, valued at approximately $2,597,207.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Richard Crowe sold 1,006 shares of Booz Allen Hamilton stock in a transaction that occurred 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 transaction, the executive vice president now owns 29,739 shares of the company’s stock, valued at $4,519,138.44. The disclosure for this sale can be found here. 1.59% of the stock is owned by corporate insiders.

Booz Allen Hamilton Trading Up 0.8 %

Shares of BAH stock traded up $1.24 during trading hours on Thursday, hitting $156.74. 289,802 shares of the company were exchanged, compared to its average volume of 671,364. The company has a 50 day simple moving average of $151.87 and a two-hundred day simple moving average of $149.63. The firm has a market cap of $20.27 billion, a P/E ratio of 34.32, a P/E/G ratio of 2.06 and a beta of 0.57. The company has a debt-to-equity ratio of 3.07, a quick ratio of 1.62 and a current ratio of 1.55. Booz Allen Hamilton Holding Co. has a fifty-two week low of $106.90 and a fifty-two week high of $164.43.

Booz Allen Hamilton (NYSE:BAH) last posted its earnings results on Friday, July 26th. The business services provider reported $1.38 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.14). The business had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $2.92 billion. Booz Allen Hamilton had a return on equity of 65.80% and a net margin of 5.57%. Equities analysts anticipate that Booz Allen Hamilton Holding Co. will post 5.97 EPS for the current year.

Booz Allen Hamilton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors 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 dividend yield of 1.30%. Booz Allen Hamilton’s dividend payout ratio (DPR) 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 focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.