Wedge Capital Management L L P NC Buys 122,825 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Wedge Capital Management L L P NC raised its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 33.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 485,064 shares of the business services provider's stock after acquiring an additional 122,825 shares during the quarter. Booz Allen Hamilton comprises approximately 1.1% of Wedge Capital Management L L P NC's investment portfolio, making the stock its 23rd biggest holding. Wedge Capital Management L L P NC owned approximately 0.38% of Booz Allen Hamilton worth $62,428,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Peterson Financial Group Inc. acquired a new stake in shares of Booz Allen Hamilton in the third quarter valued at approximately $31,000. Gilliland Jeter Wealth Management LLC acquired a new stake in shares of Booz Allen Hamilton in the 3rd quarter valued at $45,000. Kennebec Savings Bank bought a new stake in shares of Booz Allen Hamilton during the third quarter worth $60,000. Covestor Ltd lifted its stake in shares of Booz Allen Hamilton by 87.2% during the third quarter. Covestor Ltd now owns 629 shares of the business services provider's stock valued at $103,000 after acquiring an additional 293 shares during the period. Finally, Anchor Investment Management LLC boosted its holdings in Booz Allen Hamilton by 865.7% in the third quarter. Anchor Investment Management LLC now owns 647 shares of the business services provider's stock valued at $105,000 after acquiring an additional 580 shares during the last quarter. 91.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Barclays upgraded shares of Booz Allen Hamilton from an "underweight" rating to an "equal weight" rating and set a $140.00 target price on the stock in a research report on Monday, January 6th. The Goldman Sachs Group reduced their price objective on shares of Booz Allen Hamilton from $210.00 to $158.00 and set a "buy" rating on the stock in a research note on Thursday, December 12th. Jefferies Financial Group downgraded Booz Allen Hamilton from a "buy" rating to a "hold" rating and increased their price target for the company from $180.00 to $190.00 in a research note on Monday, November 4th. Truist Financial decreased their price objective on 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, JPMorgan Chase & Co. downgraded Booz Allen Hamilton from a "neutral" rating to an "underweight" rating and upped their price objective for the company from $154.00 to $158.00 in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Booz Allen Hamilton presently has an average rating of "Hold" and a consensus target price of $161.78.

Insider Buying and Selling

In other Booz Allen Hamilton news, EVP Richard Crowe sold 4,243 shares of the company's 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 completion of the transaction, the executive vice president now owns 25,496 shares of the company's stock, valued at $4,206,840. This represents a 14.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Matthew Calderone sold 4,065 shares of Booz Allen Hamilton stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total transaction of $670,725.00. Following the completion of the sale, the chief financial officer now owns 29,618 shares in the company, valued at $4,886,970. This trade represents a 12.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.59% of the stock is currently owned by company insiders.

Booz Allen Hamilton Trading Down 0.1 %

BAH stock traded down $0.08 during midday trading on Friday, hitting $136.22. 1,455,538 shares of the company's stock were exchanged, compared to its average volume of 1,222,657. Booz Allen Hamilton Holding Co. has a one year low of $125.88 and a one year high of $190.59. The stock's fifty day moving average price is $140.20 and its 200-day moving average price is $152.08. The company has a market cap of $17.40 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 1.59 and a beta of 0.55. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.56 and a current ratio of 1.56.

Booz Allen Hamilton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend was Friday, November 15th. Booz Allen Hamilton's dividend payout ratio is 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.