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

FMR LLC raised its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 111.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 356,828 shares of the business services provider's stock after acquiring an additional 188,185 shares during the period. FMR LLC owned about 0.28% of Booz Allen Hamilton worth $58,077,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. AGF Management Ltd. increased its holdings in Booz Allen Hamilton by 63.4% in the 2nd quarter. AGF Management Ltd. now owns 1,750,610 shares of the business services provider's stock worth $269,419,000 after acquiring an additional 679,280 shares during the last quarter. Westfield Capital Management Co. LP purchased a new stake in Booz Allen Hamilton in the 3rd quarter worth about $48,349,000. Acadian Asset Management LLC increased its holdings in Booz Allen Hamilton by 184.0% in the 2nd quarter. Acadian Asset Management LLC now owns 335,463 shares of the business services provider's stock worth $51,613,000 after acquiring an additional 217,349 shares during the last quarter. Van ECK Associates Corp increased its holdings in Booz Allen Hamilton by 75.3% in the 2nd quarter. Van ECK Associates Corp now owns 465,363 shares of the business services provider's stock worth $71,619,000 after acquiring an additional 199,871 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in Booz Allen Hamilton by 91.6% in the 2nd quarter. Millennium Management LLC now owns 367,645 shares of the business services provider's stock worth $56,581,000 after acquiring an additional 175,795 shares during the last quarter. 91.82% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Richard Crowe sold 4,243 shares of the company's stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $165.00, for a total value of $700,095.00. Following the sale, the executive vice president now directly owns 25,496 shares of the company's stock, valued at $4,206,840. This represents a 14.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Matthew Calderone sold 4,065 shares of the company's stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $165.00, for a total value of $670,725.00. Following the completion of the sale, the chief financial officer now directly owns 29,618 shares in the company, valued at approximately $4,886,970. The trade was a 12.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,173 shares of company stock valued at $1,989,220. Company insiders own 1.59% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Wells Fargo & Company reduced their target price on Booz Allen Hamilton from $206.00 to $177.00 and set an "overweight" rating for the company in a report on Tuesday, November 26th. Jefferies Financial Group lowered Booz Allen Hamilton from a "buy" rating to a "hold" rating and lifted their target price for the company from $180.00 to $190.00 in a report on Monday, November 4th. StockNews.com lowered Booz Allen Hamilton from a "buy" rating to a "hold" rating in a report on Thursday. UBS Group began coverage on Booz Allen Hamilton in a report on Monday, December 2nd. They set a "neutral" rating and a $159.00 price objective for the company. Finally, Truist Financial cut their price objective on Booz Allen Hamilton from $185.00 to $155.00 and set a "hold" rating for the company in a report on Friday, November 22nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $171.67.

Booz Allen Hamilton Trading Up 2.1 %

BAH stock traded up $3.04 during midday trading on Friday, hitting $145.74. The company had a trading volume of 1,898,208 shares, compared to its average volume of 2,240,056. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 2.76. Booz Allen Hamilton Holding Co. has a 52 week low of $123.17 and a 52 week high of $190.59. The stock has a market cap of $18.62 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 1.73 and a beta of 0.52. The stock's 50 day moving average price is $162.39 and its 200 day moving average price is $156.43.

Booz Allen Hamilton Dividend Announcement

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%.

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.