QRG Capital Management Inc. Grows Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

QRG Capital Management Inc. boosted its position in Booz Allen Hamilton Holding Co. (NYSE:BAH – Free Report) by 29.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 2,994 shares of the business services provider’s stock after buying an additional 688 shares during the period. QRG Capital Management Inc.’s holdings in Booz Allen Hamilton were worth $444,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. First Financial Corp IN increased its stake in Booz Allen Hamilton by 21.3% in the 4th quarter. First Financial Corp IN now owns 472 shares of the business services provider’s stock valued at $60,000 after purchasing an additional 83 shares in the last quarter. Gulf International Bank UK Ltd increased its stake in Booz Allen Hamilton by 0.8% in the 1st quarter. Gulf International Bank UK Ltd now owns 10,838 shares of the business services provider’s stock valued at $1,608,000 after purchasing an additional 85 shares in the last quarter. BI Asset Management Fondsmaeglerselskab AS increased its stake in Booz Allen Hamilton by 2.2% in the 4th quarter. BI Asset Management Fondsmaeglerselskab AS now owns 3,975 shares of the business services provider’s stock valued at $508,000 after purchasing an additional 86 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in Booz Allen Hamilton by 0.5% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 17,990 shares of the business services provider’s stock valued at $2,671,000 after purchasing an additional 93 shares in the last quarter. Finally, Greenleaf Trust increased its position in Booz Allen Hamilton by 1.9% during the fourth quarter. Greenleaf Trust now owns 5,335 shares of the business services provider’s stock worth $682,000 after buying an additional 99 shares in the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BAH has been the subject of several recent research reports. Jefferies Financial Group raised their price target on Booz Allen Hamilton from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Stifel Nicolaus raised their price target on Booz Allen Hamilton from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. JPMorgan Chase & Co. raised their price target on Booz Allen Hamilton from $136.00 to $154.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Barclays raised their price target on Booz Allen Hamilton from $135.00 to $153.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 29th. Finally, Wells Fargo & Company raised their price target on Booz Allen Hamilton from $158.00 to $169.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $161.78.

View Our Latest Stock Analysis on BAH

Insider Activity at Booz Allen Hamilton

In related news, EVP Richard Crowe sold 1,006 shares of Booz Allen Hamilton stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $151.96, for a total value of $152,871.76. Following the transaction, the executive vice president now owns 29,739 shares in the company, valued at $4,519,138.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Booz Allen Hamilton news, EVP Susan L. Penfield sold 18,522 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $153.73, for a total transaction of $2,847,387.06. Following the transaction, the executive vice president now owns 33,788 shares in the company, valued at $5,194,229.24. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Richard Crowe sold 1,006 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $151.96, for a total value of $152,871.76. Following the transaction, the executive vice president now owns 29,739 shares in the company, valued at approximately $4,519,138.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 58,255 shares of company stock worth $8,970,026. 1.59% of the stock is owned by insiders.

Booz Allen Hamilton Price Performance

BAH stock opened at $156.06 on Friday. Booz Allen Hamilton Holding Co. has a 52-week low of $106.90 and a 52-week high of $164.43. The stock’s fifty day simple moving average is $153.90 and its 200-day simple moving average is $146.51. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 3.20. The stock has a market capitalization of $20.18 billion, a price-to-earnings ratio of 33.93, a price-to-earnings-growth ratio of 1.85 and a beta of 0.57.

Booz Allen Hamilton (NYSE:BAH – Get Free Report) last posted its quarterly earnings data on Friday, May 24th. The business services provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.10. Booz Allen Hamilton had a return on equity of 68.12% and a net margin of 5.68%. The business had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same quarter last year, the firm earned $1.01 earnings per share. The business’s revenue was up 13.9% on a year-over-year basis. Equities research analysts expect that Booz Allen Hamilton Holding Co. will post 6.05 EPS for the current year.

Booz Allen Hamilton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 13th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date was Thursday, June 13th. Booz Allen Hamilton’s payout ratio is currently 44.35%.

About Booz Allen Hamilton

(Free Report)

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 machine learning, predictive modeling, automation and decision analytics, and quantum computing.

Wall Street Analysts Forecast Growth

Insider Activity at Booz Allen Hamilton

Booz Allen Hamilton Price Performance

Booz Allen Hamilton Dividend Announcement

About Booz Allen Hamilton

See Also

Related Posts