Lord Abbett & CO. LLC Sells 154,897 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Lord Abbett & CO. LLC decreased its position in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 42.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 209,170 shares of the business services provider's stock after selling 154,897 shares during the period. Lord Abbett & CO. LLC owned about 0.16% of Booz Allen Hamilton worth $34,044,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BAH. Oppenheimer & Co. Inc. boosted its holdings in shares of Booz Allen Hamilton by 3.3% during the third quarter. Oppenheimer & Co. Inc. now owns 1,822 shares of the business services provider's stock worth $297,000 after purchasing an additional 59 shares during the period. First Horizon Advisors Inc. increased its stake in shares of Booz Allen Hamilton by 4.5% in the second quarter. First Horizon Advisors Inc. now owns 1,596 shares of the business services provider's stock worth $246,000 after acquiring an additional 69 shares during the last quarter. X Square Capital LLC raised its holdings in shares of Booz Allen Hamilton by 0.7% during the second quarter. X Square Capital LLC now owns 10,509 shares of the business services provider's stock worth $1,617,000 after acquiring an additional 72 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in Booz Allen Hamilton by 13.0% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 685 shares of the business services provider's stock valued at $111,000 after purchasing an additional 79 shares during the last quarter. Finally, CIBC Asset Management Inc grew its stake in Booz Allen Hamilton by 1.9% in the second quarter. CIBC Asset Management Inc now owns 4,448 shares of the business services provider's stock valued at $685,000 after purchasing an additional 82 shares in the last quarter. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

Booz Allen Hamilton Stock Performance

Shares of NYSE:BAH traded down $1.14 during midday trading on Friday, hitting $134.46. The company's stock had a trading volume of 1,177,343 shares, compared to its average volume of 868,381. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.56 and a current ratio of 1.56. The stock's 50 day simple moving average is $159.96 and its 200 day simple moving average is $155.82. The stock has a market capitalization of $17.18 billion, a price-to-earnings ratio of 21.11, a PEG ratio of 1.62 and a beta of 0.52. Booz Allen Hamilton Holding Co. has a fifty-two week low of $123.17 and a fifty-two week high of $190.59.

Booz Allen Hamilton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th were paid a $0.51 dividend. The ex-dividend date was Friday, November 15th. This represents a $2.04 annualized dividend and a dividend yield of 1.52%. Booz Allen Hamilton's payout ratio is 32.03%.

Insider Buying and Selling

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 stock was sold at an average price of $165.00, for a total transaction of $700,095.00. Following the sale, the executive vice president now directly owns 25,496 shares of the company's stock, valued at approximately $4,206,840. The trade was a 14.27 % 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, CFO Matthew Calderone sold 3,865 shares of the 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 approximately $5,389,280. The trade was a 10.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,173 shares of company stock valued at $1,989,220. 1.59% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BAH. Jefferies Financial Group lowered Booz Allen Hamilton from a "buy" rating to a "hold" rating and lifted their price target for the company from $180.00 to $190.00 in a report on Monday, November 4th. Wells Fargo & Company reduced their target price on shares of Booz Allen Hamilton from $206.00 to $177.00 and set an "overweight" rating for the company in a research note on Tuesday, November 26th. UBS Group began coverage on shares of Booz Allen Hamilton in a research note on Monday, December 2nd. They set a "neutral" rating and a $159.00 price target on the stock. 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 note on Friday, November 22nd. Finally, Barclays increased their target price on shares of Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an "underweight" rating in a research report on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $167.44.

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.