Gladius Capital Management LP Raises Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Gladius Capital Management LP boosted its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 19.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,448 shares of the business services provider’s stock after purchasing an additional 898 shares during the quarter. Booz Allen Hamilton comprises approximately 0.1% of Gladius Capital Management LP’s investment portfolio, making the stock its 14th largest position. Gladius Capital Management LP’s holdings in Booz Allen Hamilton were worth $887,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. QRG Capital Management Inc. boosted its position in Booz Allen Hamilton by 29.8% during the first quarter. QRG Capital Management Inc. now owns 2,994 shares of the business services provider’s stock worth $444,000 after acquiring an additional 688 shares during the last quarter. Avantax Advisory Services Inc. boosted its holdings in shares of Booz Allen Hamilton by 5.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 4,081 shares of the business services provider’s stock worth $606,000 after purchasing an additional 216 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Booz Allen Hamilton in the first quarter valued at approximately $439,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Booz Allen Hamilton by 17.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 69,575 shares of the business services provider’s stock valued at $10,328,000 after purchasing an additional 10,206 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its position in Booz Allen Hamilton by 2.0% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 170,514 shares of the business services provider’s stock worth $25,315,000 after buying an additional 3,366 shares in the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Analyst Ratings Changes

BAH has been the subject of several analyst reports. Wells Fargo & Company upped their target price on Booz Allen Hamilton from $185.00 to $206.00 and gave the company an “overweight” rating in a report on Monday, October 28th. TD Cowen cut their price objective on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Monday, July 29th. Jefferies Financial Group lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and boosted their target price for the company from $180.00 to $190.00 in a report on Monday, November 4th. Truist Financial lifted their price target on shares of Booz Allen Hamilton from $165.00 to $185.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Finally, Barclays raised their target price on Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. Two investment 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.com, Booz Allen Hamilton has an average rating of “Hold” and an average target price of $180.63.

Insider Buying and Selling

In related news, CFO Matthew Calderone sold 3,865 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at $5,389,280. This represents a 10.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Richard Crowe sold 4,243 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total transaction of $700,095.00. Following the completion of the transaction, the executive vice president now directly owns 25,496 shares of the company’s stock, valued at $4,206,840. This represents a 14.27 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,173 shares of company stock valued at $1,989,220. Corporate insiders own 1.59% of the company’s stock.

Booz Allen Hamilton Stock Down 3.0 %

Shares of NYSE BAH opened at $149.39 on Friday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 2.76. The business’s 50 day moving average is $165.64 and its two-hundred day moving average is $157.03. Booz Allen Hamilton Holding Co. has a 52-week low of $123.17 and a 52-week high of $190.59. The firm has a market cap of $19.09 billion, a price-to-earnings ratio of 23.45, a PEG ratio of 1.79 and a beta of 0.58.

Booz Allen Hamilton Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Friday, November 15th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.04 annualized dividend and a dividend yield of 1.37%. Booz Allen Hamilton’s dividend payout ratio is presently 32.03%.

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.