Yarbrough Capital LLC reduced its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 53.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,410 shares of the business services provider's stock after selling 2,765 shares during the quarter. Yarbrough Capital LLC's holdings in Booz Allen Hamilton were worth $310,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in BAH. Cumberland Partners Ltd grew its stake in Booz Allen Hamilton by 39.5% during the 3rd quarter. Cumberland Partners Ltd now owns 51,675 shares of the business services provider's stock valued at $8,411,000 after acquiring an additional 14,620 shares in the last quarter. Toronto Dominion Bank grew its stake in shares of Booz Allen Hamilton by 29.6% in the 3rd quarter. Toronto Dominion Bank now owns 16,909 shares of the business services provider's stock valued at $2,752,000 after buying an additional 3,863 shares in the last quarter. Eagle Asset Management Inc. increased its holdings in Booz Allen Hamilton by 3.6% in the third quarter. Eagle Asset Management Inc. now owns 957,300 shares of the business services provider's stock worth $155,810,000 after buying an additional 32,897 shares during the last quarter. Stifel Financial Corp raised its position in Booz Allen Hamilton by 23.5% during the third quarter. Stifel Financial Corp now owns 119,072 shares of the business services provider's stock valued at $19,381,000 after acquiring an additional 22,690 shares in the last quarter. Finally, Zacks Investment Management acquired a new stake in Booz Allen Hamilton in the third quarter valued at approximately $15,152,000. Institutional investors and hedge funds own 91.82% of the company's stock.
Insider Buying and Selling at Booz Allen Hamilton
In related news, CFO Matthew Calderone sold 4,065 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 transaction of $670,725.00. Following the transaction, the chief financial officer now owns 29,618 shares in the company, valued at $4,886,970. This represents a 12.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Richard Crowe sold 4,243 shares of the stock in a transaction dated 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 in the company, valued at approximately $4,206,840. This represents a 14.27 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.59% of the company's stock.
Booz Allen Hamilton Price Performance
Shares of BAH stock traded up $0.82 during mid-day trading on Friday, reaching $137.12. The company's stock had a trading volume of 610,243 shares, compared to its average volume of 1,533,706. 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 firm's 50-day moving average is $141.15 and its two-hundred day moving average is $152.18. Booz Allen Hamilton Holding Co. has a 1-year low of $125.88 and a 1-year high of $190.59. The company has a market cap of $17.52 billion, a P/E ratio of 21.52, a PEG ratio of 1.59 and a beta of 0.55.
Booz Allen Hamilton Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.04 annualized dividend and a yield of 1.49%. Booz Allen Hamilton's dividend payout ratio is currently 32.03%.
Wall Street Analysts Forecast Growth
BAH has been the topic of a number of research analyst reports. 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 note on Monday, January 6th. TD Cowen lowered their target price on Booz Allen Hamilton from $200.00 to $155.00 and set a "buy" rating on the stock in a report on Wednesday, January 8th. Truist Financial cut their price target on Booz Allen Hamilton from $185.00 to $155.00 and set a "hold" rating for the company in a report on Friday, November 22nd. UBS Group initiated coverage on shares of Booz Allen Hamilton in a research note on Monday, December 2nd. They issued a "neutral" rating and a $159.00 price objective on the stock. Finally, JPMorgan Chase & Co. downgraded shares of Booz Allen Hamilton from a "neutral" rating to an "underweight" rating and increased their price target for the company from $154.00 to $158.00 in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $161.78.
Check Out Our Latest Stock Analysis on BAH
About Booz Allen Hamilton
(
Free Report)
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.
Featured Articles
Before you consider Booz Allen Hamilton, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Booz Allen Hamilton wasn't on the list.
While Booz Allen Hamilton currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.