Forte Capital LLC ADV Boosts Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Forte Capital LLC ADV lifted its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 289.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,734 shares of the business services provider's stock after buying an additional 22,841 shares during the period. Forte Capital LLC ADV's holdings in Booz Allen Hamilton were worth $5,002,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Concurrent Investment Advisors LLC boosted its position in Booz Allen Hamilton by 32.4% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 2,323 shares of the business services provider's stock valued at $378,000 after buying an additional 569 shares during the period. Amalgamated Bank increased its holdings in Booz Allen Hamilton by 14.2% during the 3rd quarter. Amalgamated Bank now owns 9,881 shares of the business services provider's stock valued at $1,608,000 after purchasing an additional 1,228 shares during the period. QRG Capital Management Inc. raised its position in Booz Allen Hamilton by 12.4% during the 3rd quarter. QRG Capital Management Inc. now owns 3,498 shares of the business services provider's stock valued at $569,000 after purchasing an additional 387 shares during the last quarter. National Pension Service lifted its holdings in Booz Allen Hamilton by 3.7% in the 3rd quarter. National Pension Service now owns 204,866 shares of the business services provider's stock worth $33,344,000 after buying an additional 7,222 shares during the period. Finally, Westbourne Investment Advisors Inc. grew its position in shares of Booz Allen Hamilton by 0.3% in the 3rd quarter. Westbourne Investment Advisors Inc. now owns 46,573 shares of the business services provider's stock worth $7,580,000 after buying an additional 133 shares during the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Booz Allen Hamilton news, 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 transaction, the chief financial officer now owns 29,618 shares in the company, valued at approximately $4,886,970. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Booz Allen Hamilton news, EVP Richard Crowe sold 4,243 shares of Booz Allen Hamilton stock in a transaction that occurred 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 transaction, the executive vice president now owns 25,496 shares of the company's stock, valued at $4,206,840. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 sale, the chief financial officer now owns 29,618 shares in the company, valued at $4,886,970. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,173 shares of company stock valued at $1,989,220. Corporate insiders own 1.59% of the company's stock.

Booz Allen Hamilton Stock Down 2.3 %

Shares of NYSE BAH traded down $4.20 during midday trading on Thursday, hitting $175.76. The stock had a trading volume of 2,339,661 shares, compared to its average volume of 713,102. The company has a market cap of $22.46 billion, a P/E ratio of 28.25, a PEG ratio of 2.48 and a beta of 0.58. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 2.76. The business's 50 day moving average is $163.57 and its 200-day moving average is $155.76. Booz Allen Hamilton Holding Co. has a 52 week low of $123.06 and a 52 week high of $190.59.

Booz Allen Hamilton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.04 annualized dividend and a yield of 1.16%. Booz Allen Hamilton's dividend payout ratio is 32.03%.

Analysts Set New Price Targets

BAH has been the topic of a number of research analyst reports. Truist Financial upped their target price on Booz Allen Hamilton from $165.00 to $185.00 and gave the stock a "hold" rating in a report on Monday, October 28th. Jefferies Financial Group downgraded Booz Allen Hamilton from a "buy" rating to a "hold" rating and increased their price objective for the stock from $180.00 to $190.00 in a report on Monday. StockNews.com cut shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a report on Thursday. Barclays increased their price target on shares of Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an "underweight" rating in a research note on Tuesday, October 29th. Finally, TD Cowen dropped their price objective on shares of 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. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $180.63.

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.