UNIVEST FINANCIAL Corp Invests $202,000 in Booz Allen Hamilton Holding Co. (NYSE:BAH)

UNIVEST FINANCIAL Corp bought a new stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,310 shares of the business services provider’s stock, valued at approximately $202,000.

Several other hedge funds have also bought and sold shares of the stock. Candriam S.C.A. increased its holdings in shares of Booz Allen Hamilton by 14.9% in the 2nd quarter. Candriam S.C.A. now owns 10,579 shares of the business services provider’s stock worth $1,628,000 after buying an additional 1,373 shares during the last quarter. Private Advisor Group LLC raised its position in Booz Allen Hamilton by 30.6% during the second quarter. Private Advisor Group LLC now owns 7,598 shares of the business services provider’s stock valued at $1,169,000 after purchasing an additional 1,782 shares in the last quarter. Jensen Investment Management Inc. lifted its stake in Booz Allen Hamilton by 8.9% during the second quarter. Jensen Investment Management Inc. now owns 30,900 shares of the business services provider’s stock worth $4,756,000 after purchasing an additional 2,520 shares during the last quarter. Farmers & Merchants Investments Inc. boosted its holdings in shares of Booz Allen Hamilton by 0.4% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 59,911 shares of the business services provider’s stock worth $9,220,000 after purchasing an additional 241 shares in the last quarter. Finally, MCF Advisors LLC increased its position in shares of Booz Allen Hamilton by 56.2% during the 2nd quarter. MCF Advisors LLC now owns 353 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 127 shares during the last quarter. 91.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Booz Allen Hamilton

In other news, Director Melody C. Barnes sold 1,041 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $143.31, for a total value of $149,185.71. Following the completion of the transaction, the director now owns 18,123 shares in the company, valued at approximately $2,597,207.13. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.59% of the company’s stock.

Booz Allen Hamilton Stock Down 2.5 %

Shares of NYSE:BAH opened at $152.05 on Friday. Booz Allen Hamilton Holding Co. has a 1 year low of $106.90 and a 1 year high of $164.43. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.55 and a quick ratio of 1.55. The stock’s 50-day moving average is $151.99 and its 200 day moving average is $150.15. The company has a market cap of $19.66 billion, a PE ratio of 33.05, a P/E/G ratio of 2.29 and a beta of 0.59.

Booz Allen Hamilton (NYSE:BAH) last announced its earnings results on Friday, July 26th. The business services provider reported $1.38 EPS for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.14). Booz Allen Hamilton had a net margin of 5.57% and a return on equity of 65.80%. The business had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $2.92 billion. Sell-side analysts anticipate that Booz Allen Hamilton Holding Co. will post 5.96 EPS for the current year.

Booz Allen Hamilton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date was Wednesday, August 14th. Booz Allen Hamilton’s payout ratio is 44.35%.

Wall Street Analyst Weigh In

Several analysts have issued reports on BAH shares. Truist Financial upped their target price on Booz Allen Hamilton from $140.00 to $165.00 and gave the stock a “hold” rating in a research note on Thursday. TD Cowen reduced their target price on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Monday, July 29th. Stifel Nicolaus boosted their price target on shares of Booz Allen Hamilton from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Wells Fargo & Company raised Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and reduced their price objective for the company from $168.00 to $165.00 in a research note on Monday, July 29th. Finally, Barclays lowered their target price on 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 equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Booz Allen Hamilton has a consensus rating of “Moderate Buy” and a consensus target price of $159.33.

Booz Allen Hamilton 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.