Harbor Capital Advisors Inc. Purchases 7,292 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Harbor Capital Advisors Inc. increased its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 80.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,411 shares of the business services provider's stock after acquiring an additional 7,292 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in Booz Allen Hamilton were worth $2,671,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Opal Wealth Advisors LLC purchased a new position in shares of Booz Allen Hamilton in the second quarter valued at $26,000. OFI Invest Asset Management bought a new stake in shares of Booz Allen Hamilton in the 2nd quarter worth about $29,000. Innealta Capital LLC purchased a new stake in shares of Booz Allen Hamilton during the 2nd quarter valued at about $34,000. Crewe Advisors LLC bought a new position in shares of Booz Allen Hamilton in the 1st quarter valued at about $35,000. Finally, Gilliland Jeter Wealth Management LLC purchased a new position in Booz Allen Hamilton in the third quarter worth about $45,000. 91.82% of the stock is currently owned by institutional investors.

Insider Activity

In other Booz Allen Hamilton news, EVP Richard Crowe sold 4,243 shares of the firm's stock in a transaction 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 transaction, the executive vice president now directly owns 25,496 shares in the company, valued at $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 is available through the SEC website. In related news, EVP Richard Crowe sold 4,243 shares of the company's stock in a transaction dated 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 directly owns 25,496 shares of the company's stock, valued at $4,206,840. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Matthew Calderone sold 3,865 shares of the firm's stock in a transaction dated Monday, September 23rd. The shares were 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 in the company, valued at $5,389,280. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,173 shares of company stock valued at $1,989,220. Corporate insiders own 1.59% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on BAH shares. StockNews.com upgraded Booz Allen Hamilton from a "sell" rating to a "hold" rating in a research report on Wednesday, October 30th. The Goldman Sachs Group raised their price target on Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. TD Cowen cut their price objective 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 lowered shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating and raised their target price for the stock from $180.00 to $190.00 in a report on Monday. Finally, Barclays upped their price target on shares of Booz Allen Hamilton from $142.00 to $175.00 and gave the company an "underweight" rating in a report on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $180.63.

Booz Allen Hamilton Trading Up 1.4 %

Shares of NYSE BAH traded up $2.64 during mid-day trading on Tuesday, reaching $185.26. The company had a trading volume of 963,506 shares, compared to its average volume of 697,354. Booz Allen Hamilton Holding Co. has a 52 week low of $122.59 and a 52 week high of $189.13. The business's 50-day moving average is $162.49 and its 200-day moving average is $155.29. The stock has a market cap of $23.67 billion, a price-to-earnings ratio of 28.67, a price-to-earnings-growth ratio of 2.48 and a beta of 0.58. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 2.76.

Booz Allen Hamilton Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Friday, November 15th. Booz Allen Hamilton's dividend payout ratio (DPR) is presently 32.03%.

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.