Booz Allen Hamilton Holding Co. (NYSE:BAH) Holdings Lifted by Pictet Asset Management SA

Pictet Asset Management SA grew its position in Booz Allen Hamilton Holding Co. (NYSE:BAHGet Rating) by 2.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 43,120 shares of the business services provider’s stock after purchasing an additional 1,049 shares during the period. Pictet Asset Management SA’s holdings in Booz Allen Hamilton were worth $3,896,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Horizon Advisors Inc. boosted its holdings in shares of Booz Allen Hamilton by 73.9% in the second quarter. First Horizon Advisors Inc. now owns 346 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 147 shares in the last quarter. SeaCrest Wealth Management LLC bought a new position in shares of Booz Allen Hamilton in the second quarter valued at approximately $30,000. Quent Capital LLC boosted its holdings in shares of Booz Allen Hamilton by 60.7% in the first quarter. Quent Capital LLC now owns 532 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 201 shares in the last quarter. Capital Advisors Ltd. LLC boosted its holdings in shares of Booz Allen Hamilton by 89.0% in the first quarter. Capital Advisors Ltd. LLC now owns 858 shares of the business services provider’s stock valued at $75,000 after acquiring an additional 404 shares in the last quarter. Finally, Money Concepts Capital Corp boosted its holdings in shares of Booz Allen Hamilton by 31.7% in the second quarter. Money Concepts Capital Corp now owns 1,014 shares of the business services provider’s stock valued at $94,000 after acquiring an additional 244 shares in the last quarter. Institutional investors own 86.85% of the company’s stock.

Insiders Place Their Bets

In other Booz Allen Hamilton news, EVP Richard Crowe sold 2,573 shares of the stock in a transaction that occurred on Tuesday, October 18th. The shares were sold at an average price of $100.00, for a total value of $257,300.00. Following the completion of the sale, the executive vice president now owns 14,278 shares in the company, valued at approximately $1,427,800. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Booz Allen Hamilton news, Director Melody C. Barnes sold 1,806 shares of the stock in a transaction that occurred on Monday, September 26th. The shares were sold at an average price of $92.94, for a total value of $167,849.64. Following the completion of the sale, the director now owns 16,792 shares in the company, valued at approximately $1,560,648.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Richard Crowe sold 2,573 shares of the stock in a transaction on Tuesday, October 18th. The stock was sold at an average price of $100.00, for a total transaction of $257,300.00. Following the transaction, the executive vice president now owns 14,278 shares in the company, valued at approximately $1,427,800. The disclosure for this sale can be found here. Insiders sold a total of 25,484 shares of company stock worth $2,482,894 in the last quarter. 2.23% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Booz Allen Hamilton from a “hold” rating to a “buy” rating in a report on Friday. Truist Financial increased their price objective on shares of Booz Allen Hamilton from $100.00 to $106.00 and gave the company a “hold” rating in a report on Monday, October 31st. Raymond James lowered shares of Booz Allen Hamilton from an “outperform” rating to a “market perform” rating and set a $99.00 target price for the company. in a research note on Wednesday, October 19th. Wells Fargo & Company increased their target price on shares of Booz Allen Hamilton from $100.00 to $109.00 and gave the company an “overweight” rating in a research note on Monday, November 7th. Finally, Morgan Stanley increased their target price on shares of Booz Allen Hamilton from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Tuesday, August 2nd. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Booz Allen Hamilton has an average rating of “Moderate Buy” and a consensus price target of $101.70.

Booz Allen Hamilton Stock Up 1.6 %

Shares of NYSE:BAH opened at $107.23 on Monday. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.81 and a current ratio of 1.81. The company has a market cap of $14.18 billion, a PE ratio of 27.22, a price-to-earnings-growth ratio of 2.70 and a beta of 0.67. Booz Allen Hamilton Holding Co. has a 52 week low of $69.68 and a 52 week high of $112.55. The firm has a 50 day simple moving average of $100.08 and a 200 day simple moving average of $93.69.

Booz Allen Hamilton (NYSE:BAHGet Rating) last issued its quarterly earnings results on Friday, October 28th. The business services provider reported $1.34 EPS for the quarter, beating the consensus estimate of $1.13 by $0.21. The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.26 billion. Booz Allen Hamilton had a net margin of 6.00% and a return on equity of 52.33%. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.26 EPS. As a group, research analysts expect that Booz Allen Hamilton Holding Co. will post 4.45 earnings per share for the current year.

Booz Allen Hamilton Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Tuesday, November 15th will be given a $0.43 dividend. The ex-dividend date of this dividend is Monday, November 14th. This represents a $1.72 dividend on an annualized basis and a yield of 1.60%. Booz Allen Hamilton’s payout ratio is 43.65%.

About Booz Allen Hamilton

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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. The company offers consulting solutions for various domains, business strategies, human capital, and operations.

Further Reading

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Institutional Ownership by Quarter for Booz Allen Hamilton (NYSE:BAH)

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