Fmr LLC Buys 188,185 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Fmr LLC raised its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 111.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 356,828 shares of the business services provider’s stock after purchasing an additional 188,185 shares during the quarter. Fmr LLC’s holdings in Booz Allen Hamilton were worth $58,077,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in BAH. Opal Wealth Advisors LLC bought a new position in Booz Allen Hamilton in the second quarter valued at $26,000. OFI Invest Asset Management purchased a new position in shares of Booz Allen Hamilton in the 2nd quarter worth about $29,000. Peterson Financial Group Inc. bought a new position in shares of Booz Allen Hamilton during the 3rd quarter valued at about $31,000. Innealta Capital LLC purchased a new position in shares of Booz Allen Hamilton during the 2nd quarter valued at about $34,000. Finally, Gilliland Jeter Wealth Management LLC bought a new stake in Booz Allen Hamilton in the 3rd quarter worth approximately $45,000. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Insider Activity at Booz Allen Hamilton

In other Booz Allen Hamilton news, CFO Matthew Calderone sold 3,865 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $160.00, for a total transaction of $618,400.00. Following the transaction, the chief financial officer now directly owns 33,683 shares of the company’s stock, valued at approximately $5,389,280. The trade was a 10.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Richard Crowe sold 4,243 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $165.00, for a total transaction of $700,095.00. Following the completion of the sale, the executive vice president now directly owns 25,496 shares of the company’s stock, valued at approximately $4,206,840. This represents a 14.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,173 shares of company stock worth $1,989,220 over the last quarter. 1.59% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on BAH shares. Jefferies Financial Group cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and increased their price target for the company from $180.00 to $190.00 in a research report on Monday, November 4th. Wells Fargo & Company reduced their target price on shares of Booz Allen Hamilton from $206.00 to $177.00 and set an “overweight” rating on the stock in a report on Tuesday, November 26th. The Goldman Sachs Group boosted their price target on shares of Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. cut Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and raised their price objective for the company from $154.00 to $158.00 in a research note on Wednesday, October 2nd. Finally, Barclays boosted their target price on Booz Allen Hamilton from $142.00 to $175.00 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $171.67.

Booz Allen Hamilton Stock Up 2.1 %

NYSE BAH opened at $145.74 on Friday. The business’s 50-day moving average is $162.39 and its 200 day moving average is $156.43. The stock has a market capitalization of $18.62 billion, a PE ratio of 22.88, a PEG ratio of 1.75 and a beta of 0.52. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.56 and a quick ratio of 1.56. Booz Allen Hamilton Holding Co. has a 1 year low of $123.17 and a 1 year high of $190.59.

Booz Allen Hamilton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th were paid a dividend of $0.51 per share. The ex-dividend date was Friday, November 15th. This represents a $2.04 annualized dividend and a dividend yield of 1.40%. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 32.03%.

Booz Allen Hamilton 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.