Vinva Investment Management Ltd Buys 6,200 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Vinva Investment Management Ltd boosted its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 14.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,182 shares of the business services provider’s stock after purchasing an additional 6,200 shares during the period. Vinva Investment Management Ltd’s holdings in Booz Allen Hamilton were worth $7,808,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AGF Management Ltd. increased its stake in shares of Booz Allen Hamilton by 63.4% in the second quarter. AGF Management Ltd. now owns 1,750,610 shares of the business services provider’s stock worth $269,419,000 after buying an additional 679,280 shares during the period. American Century Companies Inc. grew its holdings in Booz Allen Hamilton by 6.1% in the 2nd quarter. American Century Companies Inc. now owns 1,672,961 shares of the business services provider’s stock worth $257,469,000 after acquiring an additional 96,553 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Booz Allen Hamilton by 10.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,021,239 shares of the business services provider’s stock worth $157,184,000 after acquiring an additional 93,544 shares during the last quarter. Eagle Asset Management Inc. raised its stake in shares of 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 valued at $155,810,000 after acquiring an additional 32,897 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Booz Allen Hamilton by 0.3% during the second quarter. Envestnet Asset Management Inc. now owns 947,231 shares of the business services provider’s stock worth $145,779,000 after purchasing an additional 2,767 shares during the period. Institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Stock Down 0.9 %

Shares of Booz Allen Hamilton stock opened at $147.35 on Thursday. Booz Allen Hamilton Holding Co. has a 1 year low of $123.17 and a 1 year high of $190.59. The firm has a market cap of $18.83 billion, a price-to-earnings ratio of 23.13, a PEG ratio of 1.77 and a beta of 0.58. The company has a 50-day moving average of $164.23 and a 200 day moving average of $156.73. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.56 and a quick ratio of 1.56.

Booz Allen Hamilton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th will be issued 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 dividend yield of 1.38%. Booz Allen Hamilton’s payout ratio is 32.03%.

Analyst Upgrades and Downgrades

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

Insider Transactions at Booz Allen Hamilton

In other news, EVP Richard Crowe sold 4,243 shares of Booz Allen Hamilton stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $165.00, for a total value of $700,095.00. Following the completion of the transaction, the executive vice president now owns 25,496 shares of the company’s stock, valued at $4,206,840. The trade was a 14.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Matthew Calderone sold 3,865 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $160.00, for a total transaction of $618,400.00. Following the sale, the chief financial officer now directly owns 33,683 shares in the company, valued at $5,389,280. This trade represents a 10.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,173 shares of company stock valued at $1,989,220 in the last ninety days. 1.59% of the stock is currently owned by corporate insiders.

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