Empirical Asset Management LLC Takes Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Empirical Asset Management LLC bought a new stake in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 14,766 shares of the business services provider's stock, valued at approximately $1,900,000.

Other hedge funds also recently added to or reduced their stakes in the company. Westfield Capital Management Co. LP acquired a new position in Booz Allen Hamilton during the 3rd quarter valued at about $48,349,000. Caisse DE Depot ET Placement DU Quebec increased its stake in Booz Allen Hamilton by 28.5% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,288,101 shares of the business services provider's stock valued at $209,651,000 after buying an additional 285,621 shares during the period. FMR LLC boosted its holdings in shares of Booz Allen Hamilton by 111.6% in the third quarter. FMR LLC now owns 356,828 shares of the business services provider's stock valued at $58,077,000 after acquiring an additional 188,185 shares in the last quarter. Millennium Management LLC increased its stake in shares of Booz Allen Hamilton by 91.6% during the second quarter. Millennium Management LLC now owns 367,645 shares of the business services provider's stock valued at $56,581,000 after acquiring an additional 175,795 shares during the period. Finally, Van ECK Associates Corp raised its holdings in Booz Allen Hamilton by 34.8% during the third quarter. Van ECK Associates Corp now owns 627,446 shares of the business services provider's stock worth $102,437,000 after purchasing an additional 162,083 shares in the last quarter. 91.82% of the stock is currently owned by institutional investors.

Insider Activity

In other Booz Allen Hamilton news, EVP Richard Crowe sold 4,243 shares of the business's stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total value 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 $4,206,840. The trade was a 14.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Matthew Calderone sold 4,065 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 $670,725.00. Following the transaction, the chief financial officer now owns 29,618 shares in the company, valued at $4,886,970. This represents a 12.07 % decrease in their position. The disclosure for this sale can be found here. 1.59% of the stock is owned by corporate insiders.

Booz Allen Hamilton Trading Down 0.1 %

Booz Allen Hamilton stock traded down $0.08 during midday trading on Friday, reaching $136.22. The stock had a trading volume of 1,455,538 shares, compared to its average volume of 1,222,657. The firm's fifty day simple moving average is $140.20 and its two-hundred day simple moving average is $152.08. 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 twelve month low of $125.88 and a twelve month high of $190.59. The firm has a market cap of $17.40 billion, a price-to-earnings ratio of 21.38, a PEG ratio of 1.59 and a beta of 0.55.

Booz Allen Hamilton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a yield of 1.50%. Booz Allen Hamilton's payout ratio is presently 32.03%.

Analyst Ratings Changes

Several brokerages have recently issued reports on BAH. TD Cowen lowered their price target on Booz Allen Hamilton from $200.00 to $155.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. Barclays raised Booz Allen Hamilton from an "underweight" rating to an "equal weight" rating and set a $140.00 target price on the stock in a report on Monday, January 6th. Truist Financial reduced their price objective on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a "hold" rating for the company in a research report on Friday, November 22nd. Wells Fargo & Company dropped their target price on shares of Booz Allen Hamilton from $177.00 to $171.00 and set an "overweight" rating on the stock in a report on Wednesday, January 8th. Finally, StockNews.com cut shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $161.78.

About Booz Allen Hamilton

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.