Van ECK Associates Corp increased its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH – Free Report) by 62.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,555 shares of the business services provider’s stock after acquiring an additional 17,076 shares during the quarter. Van ECK Associates Corp’s holdings in Booz Allen Hamilton were worth $4,869,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Janiczek Wealth Management LLC bought a new position in Booz Allen Hamilton in the third quarter valued at approximately $25,000. Headlands Technologies LLC bought a new position in Booz Allen Hamilton in the second quarter valued at approximately $29,000. DHJJ Financial Advisors Ltd. bought a new position in Booz Allen Hamilton in the third quarter valued at approximately $34,000. IFP Advisors Inc lifted its stake in Booz Allen Hamilton by 29.4% in the second quarter. IFP Advisors Inc now owns 1,105 shares of the business services provider’s stock valued at $50,000 after buying an additional 251 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its stake in Booz Allen Hamilton by 29.2% in the first quarter. First Horizon Advisors Inc. now owns 686 shares of the business services provider’s stock valued at $64,000 after buying an additional 155 shares in the last quarter. Institutional investors own 90.32% of the company’s stock.
Insiders Place Their Bets
In other news, COO Kristine Anderson sold 5,068 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $139.88, for a total transaction of $708,911.84. Following the completion of the sale, the chief operating officer now owns 71,656 shares in the company, valued at $10,023,241.28. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.76% of the company’s stock.
Booz Allen Hamilton Stock Performance
Booz Allen Hamilton (NYSE:BAH – Get Free Report) last announced its quarterly earnings results on Friday, January 26th. The business services provider reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.28. Booz Allen Hamilton had a net margin of 3.96% and a return on equity of 65.31%. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.54 billion. During the same quarter last year, the company posted $1.07 earnings per share. The company’s revenue for the quarter was up 12.9% compared to the same quarter last year. As a group, equities analysts predict that Booz Allen Hamilton Holding Co. will post 5.42 EPS for the current year.
Booz Allen Hamilton Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Monday, February 12th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Friday, February 9th. This represents a $2.04 dividend on an annualized basis and a yield of 1.39%. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.47. Booz Allen Hamilton’s dividend payout ratio is 60.65%.
Analyst Ratings Changes
A number of analysts have recently commented on BAH shares. Wells Fargo & Company boosted their price objective on shares of Booz Allen Hamilton from $138.00 to $158.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 30th. The Goldman Sachs Group boosted their price objective on shares of Booz Allen Hamilton from $141.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. Truist Financial boosted their price objective on shares of Booz Allen Hamilton from $120.00 to $145.00 and gave the stock a “hold” rating in a research report on Monday, January 29th. Barclays lowered shares of Booz Allen Hamilton from an “equal weight” rating to an “underweight” rating in a research report on Friday, January 5th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Booz Allen Hamilton from $120.00 to $136.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $139.56.
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 also focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.
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