Congress Asset Management Co. Sells 14,877 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Congress Asset Management Co. trimmed its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 1.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 931,047 shares of the business services provider's stock after selling 14,877 shares during the period. Booz Allen Hamilton makes up approximately 1.0% of Congress Asset Management Co.'s investment portfolio, making the stock its 19th largest position. Congress Asset Management Co. owned about 0.72% of Booz Allen Hamilton worth $151,537,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Booz Allen Hamilton by 6.8% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 295,447 shares of the business services provider's stock worth $43,856,000 after buying an additional 18,815 shares in the last quarter. Mediolanum International Funds Ltd bought a new position in shares of Booz Allen Hamilton in the first quarter worth about $2,044,000. Cetera Investment Advisers lifted its holdings in shares of Booz Allen Hamilton by 142.5% in the first quarter. Cetera Investment Advisers now owns 28,615 shares of the business services provider's stock worth $4,248,000 after acquiring an additional 16,815 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of Booz Allen Hamilton by 47.4% in the first quarter. Sei Investments Co. now owns 168,377 shares of the business services provider's stock worth $24,995,000 after acquiring an additional 54,180 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its holdings in shares of Booz Allen Hamilton by 2.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 149,998 shares of the business services provider's stock worth $22,266,000 after acquiring an additional 4,264 shares during the last quarter. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Booz Allen Hamilton Trading Down 1.0 %

Booz Allen Hamilton stock traded down $1.75 during mid-day trading on Thursday, hitting $181.73. 997,957 shares of the stock were exchanged, compared to its average volume of 695,141. 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 $118.07 and a 12 month high of $189.13. The firm's fifty day simple moving average is $160.83 and its two-hundred day simple moving average is $154.33. The stock has a market capitalization of $23.48 billion, a price-to-earnings ratio of 39.47, a PEG ratio of 2.33 and a beta of 0.59.

Booz Allen Hamilton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Friday, November 15th. Booz Allen Hamilton's dividend payout ratio (DPR) is 44.35%.

Insider Transactions at Booz Allen Hamilton

In other 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 completion of the sale, the chief financial officer now owns 33,683 shares of the company's stock, valued at $5,389,280. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, EVP Richard Crowe sold 4,243 shares of Booz Allen Hamilton stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total value of $700,095.00. Following the completion of the sale, the executive vice president now owns 25,496 shares of the company's stock, valued at approximately $4,206,840. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Matthew Calderone sold 3,865 shares of Booz Allen Hamilton stock in a transaction 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 completion of the sale, 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 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,173 shares of company stock valued at $1,989,220 in the last quarter. 1.59% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

BAH has been the subject of a number of research reports. Wells Fargo & Company raised their price objective on shares of Booz Allen Hamilton from $185.00 to $206.00 and gave the company an "overweight" rating in a report on Monday. Barclays raised their price objective on shares of Booz Allen Hamilton from $142.00 to $175.00 and gave the company an "underweight" rating in a report on Tuesday. StockNews.com upgraded shares of Booz Allen Hamilton from a "sell" rating to a "hold" rating in a report on Wednesday. Truist Financial raised their price objective on shares of Booz Allen Hamilton from $165.00 to $185.00 and gave the company a "hold" rating in a report on Monday. Finally, JPMorgan Chase & Co. lowered shares of Booz Allen Hamilton from a "neutral" rating to an "underweight" rating and raised their price objective for the company from $154.00 to $158.00 in a report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $180.00.

Booz Allen Hamilton Company 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.