Foster & Motley Inc. Sells 756 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Foster & Motley Inc. decreased its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 7.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,893 shares of the business services provider’s stock after selling 756 shares during the period. Foster & Motley Inc.’s holdings in Booz Allen Hamilton were worth $1,138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. VisionPoint Advisory Group LLC raised its position in shares of Booz Allen Hamilton by 75.6% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 274 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 118 shares during the period. Acadian Asset Management LLC purchased a new position in shares of Booz Allen Hamilton in the third quarter valued at about $31,000. BKM Wealth Management LLC bought a new position in shares of Booz Allen Hamilton in the fourth quarter worth about $40,000. Altshuler Shaham Ltd purchased a new stake in shares of Booz Allen Hamilton during the third quarter worth about $53,000. Finally, First Financial Corp IN grew its position in shares of Booz Allen Hamilton by 21.3% during the fourth quarter. First Financial Corp IN now owns 472 shares of the business services provider’s stock worth $60,000 after purchasing an additional 83 shares in the last quarter. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group increased their price objective on shares of Booz Allen Hamilton from $150.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Truist Financial boosted their target price on Booz Allen Hamilton from $120.00 to $145.00 and gave the stock a “hold” rating in a research report on Monday, January 29th. JPMorgan Chase & Co. raised their price target on Booz Allen Hamilton from $120.00 to $136.00 and gave the company a “neutral” rating in a report on Tuesday, February 6th. Barclays lowered shares of Booz Allen Hamilton from an “equal weight” rating to an “underweight” rating in a report on Friday, January 5th. Finally, Wells Fargo & Company boosted their target price on shares of Booz Allen Hamilton from $138.00 to $158.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Booz Allen Hamilton presently has an average rating of “Hold” and an average target price of $145.11.

Insider Activity at Booz Allen Hamilton

In other news, CFO Matthew Calderone sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $146.51, for a total transaction of $219,765.00. Following the transaction, the chief financial officer now directly owns 25,462 shares of the company’s stock, valued at $3,730,437.62. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CFO Matthew Calderone sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $146.51, for a total value of $219,765.00. Following the transaction, the chief financial officer now directly owns 25,462 shares in the company, valued at $3,730,437.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Kristine Anderson sold 5,068 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The shares were 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 directly owns 71,656 shares in the company, valued at $10,023,241.28. The disclosure for this sale can be found here. Insiders sold 55,568 shares of company stock worth $8,067,487 in the last 90 days. 1.76% of the stock is owned by corporate insiders.

Booz Allen Hamilton Price Performance

BAH stock opened at $145.96 on Wednesday. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 3.10. Booz Allen Hamilton Holding Co. has a 12 month low of $89.80 and a 12 month high of $150.59. The stock has a market cap of $18.94 billion, a PE ratio of 47.08, a P/E/G ratio of 1.93 and a beta of 0.53. The company has a 50-day moving average price of $145.98 and a 200 day moving average price of $134.47.

Booz Allen Hamilton (NYSE:BAH) last released its 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 return on equity of 65.31% and a net margin of 3.96%. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.54 billion. During the same quarter in the prior year, the firm posted $1.07 earnings per share. The company’s quarterly revenue was up 12.9% on a year-over-year basis. Equities research analysts anticipate that Booz Allen Hamilton Holding Co. will post 5.39 earnings per share for the current year.

Booz Allen Hamilton Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 12th were issued a $0.51 dividend. The ex-dividend date of this dividend was Friday, February 9th. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.47. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.40%. Booz Allen Hamilton’s dividend payout ratio is presently 65.81%.

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 also focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.