Impax Asset Management Group plc Trims Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Impax Asset Management Group plc lessened its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 4.6% in the third quarter, Holdings Channel reports. The institutional investor owned 47,315 shares of the business services provider’s stock after selling 2,269 shares during the quarter. Impax Asset Management Group plc’s holdings in Booz Allen Hamilton were worth $7,701,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Mediolanum International Funds Ltd bought a new stake in shares of Booz Allen Hamilton in the 1st quarter worth about $2,044,000. Cetera Investment Advisers increased its holdings in Booz Allen Hamilton by 142.5% in the first quarter. Cetera Investment Advisers now owns 28,615 shares of the business services provider’s stock valued at $4,248,000 after buying an additional 16,815 shares during the last quarter. Sei Investments Co. raised its stake in Booz Allen Hamilton by 47.4% during the first quarter. Sei Investments Co. now owns 168,377 shares of the business services provider’s stock valued at $24,995,000 after buying an additional 54,180 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in Booz Allen Hamilton by 2.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 149,998 shares of the business services provider’s stock worth $22,266,000 after buying an additional 4,264 shares during the last quarter. Finally, CreativeOne Wealth LLC acquired a new position in shares of Booz Allen Hamilton in the 1st quarter worth approximately $955,000. 91.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Matthew Calderone sold 3,865 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $160.00, for a total value of $618,400.00. Following the completion of the transaction, the chief financial officer now owns 33,683 shares in the company, valued at $5,389,280. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Booz Allen Hamilton news, EVP Richard Crowe sold 4,243 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were 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 in the company, valued at approximately $4,206,840. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Matthew Calderone sold 3,865 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $160.00, for a total transaction of $618,400.00. Following the transaction, the chief financial officer now owns 33,683 shares of the company’s stock, valued at approximately $5,389,280. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,173 shares of company stock valued at $1,989,220. Company insiders own 1.59% of the company’s stock.

Wall Street Analysts Forecast Growth

BAH has been the topic of several research reports. Barclays upped their price target on Booz Allen Hamilton from $142.00 to $175.00 and gave the company an “underweight” rating in a research report on Tuesday, October 29th. The Goldman Sachs Group increased their target price on shares of Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. 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 report on Monday, October 28th. Wells Fargo & Company raised their target price on shares of Booz Allen Hamilton from $185.00 to $206.00 and gave the stock an “overweight” rating in a report on Monday, October 28th. Finally, TD Cowen lowered their target price on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a report on Monday, July 29th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $180.63.

Booz Allen Hamilton Stock Performance

BAH opened at $185.26 on Wednesday. Booz Allen Hamilton Holding Co. has a twelve month low of $122.59 and a twelve month high of $189.13. The stock has a market cap of $23.67 billion, a PE ratio of 29.08, a price-to-earnings-growth ratio of 2.48 and a beta of 0.58. The business’s 50 day moving average is $163.08 and its 200-day moving average is $155.59. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 2.76.

Booz Allen Hamilton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th will be paid a $0.51 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.04 annualized dividend and a dividend yield of 1.10%. Booz Allen Hamilton’s payout ratio is 32.03%.

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 focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.