Jensen Investment Management Inc. Increases Stock Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Jensen Investment Management Inc. boosted its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 39.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,060 shares of the business services provider's stock after acquiring an additional 12,160 shares during the period. Jensen Investment Management Inc.'s holdings in Booz Allen Hamilton were worth $7,008,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of BAH. Private Advisor Group LLC increased its holdings in shares of Booz Allen Hamilton by 99.0% in the first quarter. Private Advisor Group LLC now owns 5,816 shares of the business services provider's stock valued at $863,000 after purchasing an additional 2,894 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Booz Allen Hamilton by 9.4% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 36,540 shares of the business services provider's stock valued at $5,424,000 after purchasing an additional 3,136 shares during the period. SG Americas Securities LLC increased its position in Booz Allen Hamilton by 1,046.7% during the first quarter. SG Americas Securities LLC now owns 33,415 shares of the business services provider's stock worth $4,960,000 after purchasing an additional 30,501 shares during the last quarter. Forsta AP Fonden raised its stake in Booz Allen Hamilton by 9.7% during the first quarter. Forsta AP Fonden now owns 28,300 shares of the business services provider's stock worth $4,201,000 after purchasing an additional 2,500 shares during the period. Finally, Concurrent Investment Advisors LLC acquired a new position in Booz Allen Hamilton in the 1st quarter valued at about $218,000. Institutional investors and hedge funds own 91.82% of the company's stock.

Booz Allen Hamilton Stock Up 4.4 %

Shares of BAH stock traded up $7.70 on Friday, reaching $183.50. 1,537,693 shares of the stock were exchanged, compared to its average volume of 1,077,347. Booz Allen Hamilton Holding Co. has a twelve month low of $123.17 and a twelve month high of $190.59. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 2.76. The company has a market capitalization of $23.45 billion, a price-to-earnings ratio of 28.81, a PEG ratio of 2.47 and a beta of 0.58. The business's 50 day moving average price is $164.43 and its 200 day moving average price is $156.34.

Booz Allen Hamilton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th will be issued a $0.51 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.11%. Booz Allen Hamilton's payout ratio is currently 32.03%.

Insider Transactions at Booz Allen Hamilton

In related news, CFO Matthew Calderone sold 3,865 shares of the company's stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $160.00, for a total value of $618,400.00. Following the completion of the transaction, the chief financial officer now directly owns 33,683 shares of the company's stock, valued at $5,389,280. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Booz Allen Hamilton news, CFO Matthew Calderone sold 3,865 shares of the firm's stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $160.00, for a total transaction of $618,400.00. Following the sale, the chief financial officer now owns 33,683 shares of the company's stock, valued at approximately $5,389,280. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Richard Crowe sold 4,243 shares of the company'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 owns 25,496 shares of the company's stock, valued at approximately $4,206,840. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,173 shares of company stock valued at $1,989,220. Corporate insiders own 1.59% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. TD Cowen reduced their price target on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a "buy" rating on the stock in a research report on Monday, July 29th. Jefferies Financial Group downgraded 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 research report on Monday, November 4th. Barclays increased their price target on Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an "underweight" rating in a report on Tuesday, October 29th. The Goldman Sachs Group boosted their price objective on shares of Booz Allen Hamilton from $174.00 to $196.00 and gave the company a "buy" rating in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. downgraded shares of Booz Allen Hamilton from a "neutral" rating to an "underweight" rating and boosted their price target for the company from $154.00 to $158.00 in a research note on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Booz Allen Hamilton currently has an average rating of "Hold" and a consensus price target of $180.63.

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.