Pitcairn Co. Has $275,000 Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Pitcairn Co. lowered its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 4.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,690 shares of the business services provider’s stock after selling 80 shares during the quarter. Pitcairn Co.’s holdings in Booz Allen Hamilton were worth $275,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Cerity Partners LLC lifted its stake in Booz Allen Hamilton by 39.7% during the third quarter. Cerity Partners LLC now owns 37,401 shares of the business services provider’s stock worth $6,087,000 after purchasing an additional 10,623 shares during the last quarter. Citigroup Inc. boosted its stake in Booz Allen Hamilton by 3.4% in the third quarter. Citigroup Inc. now owns 92,631 shares of the business services provider’s stock valued at $15,077,000 after buying an additional 3,022 shares in the last quarter. Eagle Asset Management Inc. raised its stake in Booz Allen Hamilton by 3.6% during the third quarter. Eagle Asset Management Inc. now owns 957,300 shares of the business services provider’s stock worth $155,810,000 after acquiring an additional 32,897 shares in the last quarter. Hilton Capital Management LLC lifted its holdings in shares of Booz Allen Hamilton by 1.3% in the third quarter. Hilton Capital Management LLC now owns 100,717 shares of the business services provider’s stock worth $16,393,000 after acquiring an additional 1,246 shares during the last quarter. Finally, Commerce Bank boosted its stake in shares of Booz Allen Hamilton by 3.1% in the 3rd quarter. Commerce Bank now owns 21,834 shares of the business services provider’s stock valued at $3,554,000 after purchasing an additional 648 shares in the last quarter. Institutional investors own 91.82% of the company’s stock.

Insiders Place Their Bets

In other Booz Allen Hamilton news, CFO Matthew Calderone sold 3,865 shares of Booz Allen Hamilton 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 sale, the chief financial officer now directly owns 33,683 shares of the company’s stock, valued at approximately $5,389,280. The trade was a 10.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 transaction, the executive vice president now directly owns 25,496 shares in the company, valued at $4,206,840. This trade represents a 14.27 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,173 shares of company stock worth $1,989,220. 1.59% of the stock is owned by corporate insiders.

Booz Allen Hamilton Stock Performance

Shares of BAH opened at $147.35 on Thursday. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 2.76. The firm’s fifty day simple moving average is $164.37 and its two-hundred day simple moving average is $156.80. Booz Allen Hamilton Holding Co. has a 12 month low of $123.17 and a 12 month high of $190.59. The stock has a market capitalization of $18.83 billion, a P/E ratio of 23.13, a price-to-earnings-growth ratio of 1.77 and a beta of 0.58.

Booz Allen Hamilton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Friday, November 15th will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.04 annualized dividend and a yield of 1.38%. Booz Allen Hamilton’s dividend payout ratio is currently 32.03%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Jefferies Financial Group cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and upped their price objective for the stock from $180.00 to $190.00 in a research report on Monday, November 4th. JPMorgan Chase & Co. downgraded Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and raised their price objective for the company from $154.00 to $158.00 in a report on Wednesday, October 2nd. Truist Financial lowered their price objective on Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a research note on Friday, November 22nd. Barclays lifted their target price on shares of Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Finally, Wells Fargo & Company reduced their price objective 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. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Booz Allen Hamilton has a consensus rating of “Hold” and an average price target of $173.25.

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.