Wedge Capital Management L L P NC Grows Stock Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Wedge Capital Management L L P NC raised its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 33.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 485,064 shares of the business services provider’s stock after acquiring an additional 122,825 shares during the period. Booz Allen Hamilton makes up 1.1% of Wedge Capital Management L L P NC’s holdings, making the stock its 23rd biggest holding. Wedge Capital Management L L P NC owned approximately 0.38% of Booz Allen Hamilton worth $62,428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in BAH. Peterson Financial Group Inc. acquired a new position in Booz Allen Hamilton in the third quarter valued at approximately $31,000. Gilliland Jeter Wealth Management LLC purchased a new position in Booz Allen Hamilton during the third quarter worth about $45,000. Kennebec Savings Bank acquired a new stake in shares of Booz Allen Hamilton in the 3rd quarter valued at approximately $60,000. Matrix Trust Co boosted its position in shares of Booz Allen Hamilton by 734.8% during the 4th quarter. Matrix Trust Co now owns 743 shares of the business services provider’s stock worth $96,000 after purchasing an additional 654 shares in the last quarter. Finally, Covestor Ltd grew its holdings in shares of Booz Allen Hamilton by 87.2% in the 3rd quarter. Covestor Ltd now owns 629 shares of the business services provider’s stock worth $103,000 after acquiring an additional 293 shares during the period. Institutional investors and hedge funds own 91.82% of the company’s stock.

Wall Street Analysts Forecast Growth

BAH has been the topic of a number of recent research reports. Jefferies Financial Group lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and upped their target price for the company from $180.00 to $190.00 in a report on Monday, November 4th. TD Cowen dropped their price target on Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Barclays raised shares of Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price target for the company in a research report on Monday, January 6th. JPMorgan Chase & Co. lowered shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and raised their price target for the company from $154.00 to $158.00 in a report on Wednesday, October 2nd. Finally, UBS Group initiated coverage on Booz Allen Hamilton in a report on Monday, December 2nd. They set a “neutral” rating and a $159.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Booz Allen Hamilton has a consensus rating of “Hold” and an average price target of $161.78.

Insider Transactions at Booz Allen Hamilton

In other news, CFO Matthew Calderone sold 4,065 shares of Booz Allen Hamilton stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $165.00, for a total value of $670,725.00. Following the completion of the sale, the chief financial officer now directly owns 29,618 shares of the company’s stock, valued at approximately $4,886,970. This trade represents a 12.07 % decrease in their position. The transaction 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 Booz Allen Hamilton stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $165.00, for a total value of $700,095.00. Following the sale, the executive vice president now directly owns 25,496 shares of the company’s stock, valued at approximately $4,206,840. This trade represents a 14.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.59% of the stock is owned by insiders.

Booz Allen Hamilton Stock Performance

Shares of BAH stock opened at $136.22 on Friday. 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 Holding Co. has a fifty-two week low of $125.88 and a fifty-two week high of $190.59. The stock’s 50-day moving average is $140.20 and its two-hundred day moving average is $152.08. The firm has a market cap of $17.40 billion, a P/E ratio of 21.38, a PEG ratio of 1.59 and a beta of 0.55.

Booz Allen Hamilton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th were paid a $0.51 dividend. The ex-dividend date was Friday, November 15th. This represents a $2.04 annualized dividend and a dividend yield of 1.50%. Booz Allen Hamilton’s payout ratio is 32.03%.

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.