Zacks Investment Management Takes Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Zacks Investment Management bought a new position in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 93,094 shares of the business services provider's stock, valued at approximately $15,152,000. Zacks Investment Management owned about 0.07% of Booz Allen Hamilton as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in BAH. AGF Management Ltd. increased its holdings in shares of Booz Allen Hamilton by 63.4% during the second quarter. AGF Management Ltd. now owns 1,750,610 shares of the business services provider's stock worth $269,419,000 after buying an additional 679,280 shares in the last quarter. American Century Companies Inc. grew its position in Booz Allen Hamilton by 6.1% during the 2nd quarter. American Century Companies Inc. now owns 1,672,961 shares of the business services provider's stock worth $257,469,000 after acquiring an additional 96,553 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in Booz Allen Hamilton by 28.5% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,288,101 shares of the business services provider's stock valued at $209,651,000 after purchasing an additional 285,621 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Booz Allen Hamilton by 10.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,021,239 shares of the business services provider's stock valued at $157,184,000 after purchasing an additional 93,544 shares during the last quarter. Finally, Eagle Asset Management Inc. boosted its stake 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 purchasing an additional 32,897 shares in the last quarter. Institutional investors and hedge funds own 91.82% of the company's stock.

Insiders Place Their Bets

In other news, CFO Matthew Calderone sold 3,865 shares of the business's stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $160.00, for a total value of $618,400.00. Following the completion of the transaction, the chief financial officer now owns 33,683 shares of the company's stock, valued at $5,389,280. The trade was a 10.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Richard Crowe sold 4,243 shares of Booz Allen Hamilton stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $165.00, for a total value of $700,095.00. Following the transaction, the executive vice president now owns 25,496 shares in the company, valued at approximately $4,206,840. This represents a 14.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,173 shares of company stock worth $1,989,220. Insiders own 1.59% of the company's stock.

Booz Allen Hamilton Trading Up 2.1 %

Shares of BAH stock traded up $3.04 during trading hours on Friday, reaching $145.74. The company had a trading volume of 1,898,208 shares, compared to its average volume of 2,240,056. Booz Allen Hamilton Holding Co. has a 1-year low of $123.17 and a 1-year high of $190.59. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.56 and a quick ratio of 1.56. The firm has a market cap of $18.62 billion, a price-to-earnings ratio of 22.88, a P/E/G ratio of 1.73 and a beta of 0.52. The company has a 50 day moving average of $162.39 and a 200 day moving average of $156.44.

Booz Allen Hamilton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.40%. The ex-dividend date was Friday, November 15th. Booz Allen Hamilton's payout ratio is 32.03%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BAH. UBS Group started coverage on Booz Allen Hamilton in a report on Monday, December 2nd. They issued a "neutral" rating and a $159.00 price target for the company. StockNews.com downgraded shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research note on Thursday. Wells Fargo & Company decreased their price target on shares of Booz Allen Hamilton from $206.00 to $177.00 and set an "overweight" rating on the stock in a research note on Tuesday, November 26th. JPMorgan Chase & Co. cut shares of Booz Allen Hamilton from a "neutral" rating to an "underweight" rating and boosted their price objective for the stock from $154.00 to $158.00 in a research report on Wednesday, October 2nd. Finally, Barclays upped their price objective on Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an "underweight" rating in a report on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $171.67.

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.