Point72 Hong Kong Ltd Buys 5,564 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Point72 Hong Kong Ltd lifted its position in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 163.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,958 shares of the business services provider's stock after purchasing an additional 5,564 shares during the quarter. Point72 Hong Kong Ltd's holdings in Booz Allen Hamilton were worth $1,379,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. First Horizon Advisors Inc. raised its stake in Booz Allen Hamilton by 4.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,596 shares of the business services provider's stock valued at $246,000 after acquiring an additional 69 shares during the last quarter. X Square Capital LLC raised its stake in Booz Allen Hamilton by 0.7% during the 2nd quarter. X Square Capital LLC now owns 10,509 shares of the business services provider's stock valued at $1,617,000 after acquiring an additional 72 shares during the last quarter. CIBC Asset Management Inc raised its stake in Booz Allen Hamilton by 1.9% during the 2nd quarter. CIBC Asset Management Inc now owns 4,448 shares of the business services provider's stock valued at $685,000 after acquiring an additional 82 shares during the last quarter. Gulf International Bank UK Ltd raised its stake in Booz Allen Hamilton by 0.8% during the 1st quarter. Gulf International Bank UK Ltd now owns 10,838 shares of the business services provider's stock valued at $1,608,000 after acquiring an additional 85 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its stake in Booz Allen Hamilton by 0.5% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 17,990 shares of the business services provider's stock valued at $2,671,000 after acquiring an additional 93 shares during the last quarter. 91.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BAH. JPMorgan Chase & Co. increased their target price on Booz Allen Hamilton from $136.00 to $154.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 10th. Barclays lowered their price target on Booz Allen Hamilton from $153.00 to $142.00 and set an "underweight" rating on the stock in a report on Tuesday, July 30th. TD Cowen lowered their price target on Booz Allen Hamilton from $185.00 to $165.00 and set a "buy" rating on the stock in a report on Monday, July 29th. Jefferies Financial Group upped their price target on Booz Allen Hamilton from $180.00 to $185.00 and gave the stock a "buy" rating in a report on Wednesday, May 29th. Finally, Wells Fargo & Company upgraded Booz Allen Hamilton from an "equal weight" rating to an "overweight" rating and lowered their price target for the stock from $168.00 to $165.00 in a report on Monday, July 29th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $159.33.

Insider Buying and Selling

In related news, Director Melody C. Barnes sold 1,041 shares of the company's stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $143.31, for a total value of $149,185.71. Following the completion of the sale, the director now directly owns 18,123 shares in the company, valued at $2,597,207.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Booz Allen Hamilton news, Director Melody C. Barnes sold 1,041 shares of the business's stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $143.31, for a total transaction of $149,185.71. Following the completion of the transaction, the director now owns 18,123 shares of the company's stock, valued at approximately $2,597,207.13. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Matthew Calderone sold 3,865 shares of the business's stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $160.00, for a total transaction of $618,400.00. Following the transaction, the chief financial officer now directly owns 33,683 shares of the company's stock, valued at approximately $5,389,280. The disclosure for this sale can be found here. 1.59% of the stock is currently owned by corporate insiders.

Booz Allen Hamilton Stock Down 0.2 %

Shares of Booz Allen Hamilton stock traded down $0.28 on Thursday, hitting $159.63. 464,314 shares of the company traded hands, compared to its average volume of 662,698. The company has a 50-day moving average price of $152.25 and a 200 day moving average price of $150.94. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 3.07. Booz Allen Hamilton Holding Co. has a 12-month low of $108.58 and a 12-month high of $164.43. The company has a market cap of $20.62 billion, a PE ratio of 34.77, a PEG ratio of 2.30 and a beta of 0.59.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its quarterly earnings results on Friday, July 26th. The business services provider reported $1.38 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.14). Booz Allen Hamilton had a net margin of 5.57% and a return on equity of 65.80%. The company had revenue of $2.94 billion for the quarter, compared to analysts' expectations of $2.92 billion. Sell-side analysts predict that Booz Allen Hamilton Holding Co. will post 5.96 earnings per share for the current year.

Booz Allen Hamilton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 14th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Wednesday, August 14th. Booz Allen Hamilton's dividend payout ratio is presently 44.35%.

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.