Insight Wealth Strategies LLC Acquires Shares of 26,903 Booz Allen Hamilton Holding Co. (NYSE:BAH)

Insight Wealth Strategies LLC acquired a new stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 26,903 shares of the business services provider's stock, valued at approximately $3,462,000.

Other hedge funds have also made changes to their positions in the company. Cumberland Partners Ltd grew its position in shares of Booz Allen Hamilton by 39.5% in the third quarter. Cumberland Partners Ltd now owns 51,675 shares of the business services provider's stock valued at $8,411,000 after purchasing an additional 14,620 shares during the last quarter. Toronto Dominion Bank increased its position in Booz Allen Hamilton by 29.6% in the 3rd quarter. Toronto Dominion Bank now owns 16,909 shares of the business services provider's stock worth $2,752,000 after buying an additional 3,863 shares during the period. Eagle Asset Management Inc. lifted its holdings in shares of Booz Allen Hamilton by 3.6% during the third quarter. Eagle Asset Management Inc. now owns 957,300 shares of the business services provider's stock worth $155,810,000 after buying an additional 32,897 shares during the last quarter. Stifel Financial Corp boosted its position in shares of Booz Allen Hamilton by 23.5% in the third quarter. Stifel Financial Corp now owns 119,072 shares of the business services provider's stock valued at $19,381,000 after acquiring an additional 22,690 shares during the period. Finally, Zacks Investment Management acquired a new stake in shares of Booz Allen Hamilton in the third quarter worth $15,152,000. Institutional investors and hedge funds own 91.82% of the company's stock.

Booz Allen Hamilton Price Performance

Shares of BAH traded down $1.08 during trading hours on Monday, hitting $130.85. The stock had a trading volume of 1,588,428 shares, compared to its average volume of 1,769,728. The stock has a market capitalization of $16.72 billion, a price-to-earnings ratio of 20.54, a P/E/G ratio of 1.62 and a beta of 0.55. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.56 and a quick ratio of 1.56. The company's fifty day moving average is $150.02 and its two-hundred day moving average is $153.58. Booz Allen Hamilton Holding Co. has a 52 week low of $124.04 and a 52 week high of $190.59.

Booz Allen Hamilton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend was Friday, November 15th. Booz Allen Hamilton's payout ratio is 32.03%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on BAH shares. StockNews.com downgraded shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a report on Thursday, December 5th. Truist Financial decreased their target price on Booz Allen Hamilton from $185.00 to $155.00 and set a "hold" rating on the stock in a research report on Friday, November 22nd. JPMorgan Chase & Co. cut Booz Allen Hamilton from a "neutral" rating to an "underweight" rating and upped their price target for the company from $154.00 to $158.00 in a report on Wednesday, October 2nd. Jefferies Financial Group lowered Booz Allen Hamilton from a "buy" rating to a "hold" rating and lifted their price objective for the stock from $180.00 to $190.00 in a report on Monday, November 4th. Finally, The Goldman Sachs Group reduced their target price on Booz Allen Hamilton from $210.00 to $158.00 and set a "buy" rating for the company in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Booz Allen Hamilton presently has an average rating of "Hold" and an average price target of $163.56.

Insider Activity

In other news, EVP Richard Crowe sold 4,243 shares of the company'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 transaction of $700,095.00. Following the transaction, the executive vice president now directly owns 25,496 shares in the company, valued at approximately $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 accessible through 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 transaction, the chief financial officer now directly owns 29,618 shares in the company, valued at approximately $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 currently owned by corporate insiders.

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.