Booz Allen Hamilton Holding Co. (NYSE:BAH) Stock Position Trimmed by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lowered its position in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 81.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,489 shares of the business services provider's stock after selling 6,493 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Booz Allen Hamilton were worth $242,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cetera Investment Advisers raised its holdings in shares of Booz Allen Hamilton by 142.5% in the first quarter. Cetera Investment Advisers now owns 28,615 shares of the business services provider's stock worth $4,248,000 after acquiring an additional 16,815 shares during the last quarter. CreativeOne Wealth LLC acquired a new stake in shares of Booz Allen Hamilton during the 1st quarter worth about $955,000. Natixis purchased a new stake in shares of Booz Allen Hamilton during the first quarter worth about $893,000. Covestor Ltd raised its position in shares of Booz Allen Hamilton by 150.8% in the first quarter. Covestor Ltd now owns 306 shares of the business services provider's stock valued at $46,000 after buying an additional 184 shares during the last quarter. Finally, BDF Gestion acquired a new position in shares of Booz Allen Hamilton in the second quarter valued at approximately $2,641,000. Institutional investors and hedge funds own 91.82% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BAH. Truist Financial raised their target price on shares of Booz Allen Hamilton from $165.00 to $185.00 and gave the stock a "hold" rating in a research report on Monday, October 28th. TD Cowen reduced their price objective on Booz Allen Hamilton from $185.00 to $165.00 and set a "buy" rating on the stock in a research note on Monday, July 29th. JPMorgan Chase & Co. downgraded shares of Booz Allen Hamilton from a "neutral" rating to an "underweight" rating and increased their target price for the stock from $154.00 to $158.00 in a research report on Wednesday, October 2nd. Wells Fargo & Company boosted their price objective on shares of Booz Allen Hamilton from $185.00 to $206.00 and gave the stock an "overweight" rating in a research note on Monday, October 28th. Finally, Barclays raised their target price on shares of 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, three have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Booz Allen Hamilton presently has a consensus rating of "Hold" and an average price target of $180.63.

Insider Transactions at Booz Allen Hamilton

In other Booz Allen Hamilton news, EVP Richard Crowe sold 4,243 shares of the firm's stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total transaction of $700,095.00. Following the completion of the transaction, the executive vice president now directly owns 25,496 shares of the company's stock, valued at $4,206,840. This trade represents a 14.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Matthew Calderone sold 4,065 shares of the company's stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $165.00, for a total transaction of $670,725.00. Following the completion of the sale, the chief financial officer now owns 29,618 shares in the company, valued at approximately $4,886,970. This trade represents a 12.07 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,173 shares of company stock valued at $1,989,220. 1.59% of the stock is currently owned by corporate insiders.

Booz Allen Hamilton Stock Down 1.5 %

Shares of NYSE BAH traded down $2.04 during midday trading on Tuesday, reaching $138.50. 1,529,889 shares of the company's stock were exchanged, compared to its average volume of 777,320. The stock has a market capitalization of $17.70 billion, a PE ratio of 21.71, a price-to-earnings-growth ratio of 1.79 and a beta of 0.58. Booz Allen Hamilton Holding Co. has a 52-week low of $123.17 and a 52-week high of $190.59. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.56 and a current ratio of 1.56. The business's fifty day moving average price is $165.64 and its two-hundred day moving average price is $157.10.

Booz Allen Hamilton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Friday, November 15th. Booz Allen Hamilton's dividend payout ratio (DPR) is currently 32.03%.

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.