Cerity Partners LLC Sells 1,835 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Posted by Defense World Staff on Sep 7th, 2023

Cerity Partners LLC lessened its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH – Free Report) by 26.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,187 shares of the business services provider’s stock after selling 1,835 shares during the period. Cerity Partners LLC’s holdings in Booz Allen Hamilton were worth $481,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. CENTRAL TRUST Co increased its position in Booz Allen Hamilton by 2.1% in the first quarter. CENTRAL TRUST Co now owns 5,075 shares of the business services provider’s stock worth $470,000 after purchasing an additional 103 shares during the period. First Horizon Advisors Inc. boosted its stake in Booz Allen Hamilton by 28.3% in the fourth quarter. First Horizon Advisors Inc. now owns 531 shares of the business services provider’s stock valued at $55,000 after acquiring an additional 117 shares during the last quarter. Foster & Motley Inc. boosted its stake in Booz Allen Hamilton by 2.3% in the fourth quarter. Foster & Motley Inc. now owns 5,495 shares of the business services provider’s stock valued at $574,000 after acquiring an additional 123 shares during the last quarter. Camelot Portfolios LLC boosted its stake in Booz Allen Hamilton by 3.3% in the first quarter. Camelot Portfolios LLC now owns 3,855 shares of the business services provider’s stock valued at $357,000 after acquiring an additional 124 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Booz Allen Hamilton by 0.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,585 shares of the business services provider’s stock valued at $1,733,000 after acquiring an additional 127 shares during the last quarter. Institutional investors own 90.32% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. 51job reissued a “maintains” rating on shares of Booz Allen Hamilton in a research note on Wednesday, May 31st. Bank of America increased their target price on Booz Allen Hamilton from $105.00 to $110.00 in a research note on Wednesday, June 7th. Jefferies Financial Group upped their target price on shares of Booz Allen Hamilton from $115.00 to $120.00 in a research note on Monday, June 12th. Barclays upped their target price on shares of Booz Allen Hamilton from $108.00 to $125.00 and gave the company an “equal weight” rating in a research note on Monday, July 31st. Finally, StockNews.com started coverage on shares of Booz Allen Hamilton in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Booz Allen Hamilton currently has an average rating of “Moderate Buy” and an average price target of $119.00.

Read Our Latest Stock Analysis on BAH

Booz Allen Hamilton Stock Performance

Shares of BAH stock opened at $114.40 on Thursday. The business’s 50-day moving average price is $116.18 and its 200-day moving average price is $103.54. The firm has a market capitalization of $14.99 billion, a price-to-earnings ratio of 51.76, a PEG ratio of 2.24 and a beta of 0.61. Booz Allen Hamilton Holding Co. has a 12 month low of $87.99 and a 12 month high of $125.19. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 2.71.

Booz Allen Hamilton (NYSE:BAH – Get Free Report) last announced its earnings results on Friday, July 28th. The business services provider reported $1.47 EPS for the quarter, beating the consensus estimate of $1.25 by $0.22. Booz Allen Hamilton had a return on equity of 58.40% and a net margin of 3.05%. The business had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Equities research analysts forecast that Booz Allen Hamilton Holding Co. will post 5.03 EPS for the current year.

Booz Allen Hamilton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Tuesday, August 15th were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend was Monday, August 14th. Booz Allen Hamilton’s dividend payout ratio is presently 85.07%.

Insider Buying and Selling

In related news, Director Melody C. Barnes sold 824 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $113.60, for a total transaction of $93,606.40. Following the transaction, the director now directly owns 17,590 shares of the company’s stock, valued at approximately $1,998,224. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, EVP Nancy Laben sold 4,117 shares of Booz Allen Hamilton stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $105.00, for a total transaction of $432,285.00. Following the transaction, the executive vice president now owns 32,614 shares of the company’s stock, valued at $3,424,470. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Melody C. Barnes sold 824 shares of Booz Allen Hamilton stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $113.60, for a total value of $93,606.40. Following the transaction, the director now directly owns 17,590 shares in the company, valued at approximately $1,998,224. The disclosure for this sale can be found here. In the last three months, insiders have sold 199,144 shares of company stock valued at $23,012,041. 1.76% of the stock is owned by company insiders.

Booz Allen Hamilton Company Profile

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