Park Avenue Securities LLC Sells 617 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Park Avenue Securities LLC cut its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 4.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 14,498 shares of the business services provider’s stock after selling 617 shares during the period. Park Avenue Securities LLC’s holdings in Booz Allen Hamilton were worth $2,231,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of BAH. Banque Cantonale Vaudoise lifted its position in Booz Allen Hamilton by 112.4% during the first quarter. Banque Cantonale Vaudoise now owns 206 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 109 shares during the last quarter. Smithfield Trust Co boosted its position in Booz Allen Hamilton by 87.7% during the 4th quarter. Smithfield Trust Co now owns 259 shares of the business services provider’s stock valued at $34,000 after buying an additional 121 shares during the period. MCF Advisors LLC boosted its position in Booz Allen Hamilton by 103.6% during the 1st quarter. MCF Advisors LLC now owns 226 shares of the business services provider’s stock valued at $34,000 after buying an additional 115 shares during the period. Crewe Advisors LLC purchased a new stake in Booz Allen Hamilton during the 1st quarter valued at $35,000. Finally, Riverview Trust Co bought a new position in Booz Allen Hamilton in the 1st quarter worth $39,000. 91.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Richard Crowe sold 180 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $154.15, for a total value of $27,747.00. Following the transaction, the executive vice president now owns 17,486 shares of the company’s stock, valued at $2,695,466.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP Susan L. Penfield sold 18,522 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $153.73, for a total value of $2,847,387.06. Following the transaction, the executive vice president now owns 33,788 shares of the company’s stock, valued at $5,194,229.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Richard Crowe sold 180 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $154.15, for a total transaction of $27,747.00. Following the sale, the executive vice president now owns 17,486 shares in the company, valued at approximately $2,695,466.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 59,296 shares of company stock valued at $9,119,212. 1.59% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on BAH shares. JPMorgan Chase & Co. upped their price objective on shares of Booz Allen Hamilton from $136.00 to $154.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. Stifel Nicolaus upped their price objective on shares of Booz Allen Hamilton from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Truist Financial decreased their price objective on shares of Booz Allen Hamilton from $160.00 to $140.00 and set a “hold” rating for the company in a report on Monday, July 29th. TD Cowen decreased their price target on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Monday, July 29th. Finally, Barclays decreased their price target on shares of Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating for the company in a research note on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $156.56.

Booz Allen Hamilton Stock Performance

Shares of NYSE BAH traded down $0.84 during trading on Wednesday, reaching $145.36. 754,041 shares of the company traded hands, compared to its average volume of 685,899. The firm has a 50 day simple moving average of $152.47 and a 200-day simple moving average of $148.54. The company has a quick ratio of 1.62, a current ratio of 1.55 and a debt-to-equity ratio of 3.07. The stock has a market capitalization of $18.78 billion, a PE ratio of 31.78, a P/E/G ratio of 2.06 and a beta of 0.57. Booz Allen Hamilton Holding Co. has a 52-week low of $106.90 and a 52-week high of $164.43.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings results on Friday, May 24th. The business services provider reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.10. The firm had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.71 billion. Booz Allen Hamilton had a net margin of 5.57% and a return on equity of 65.80%. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.01 EPS. Equities research analysts anticipate that Booz Allen Hamilton Holding Co. will post 5.97 earnings per share for the current year.

Booz Allen Hamilton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend is Wednesday, August 14th. Booz Allen Hamilton’s payout ratio is presently 44.35%.

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.