Short Interest in Booz Allen Hamilton Holding Co. (NYSE:BAH) Decreases By 7.0%

Booz Allen Hamilton Holding Co. (NYSE:BAH) was the target of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 1,990,000 shares, a decrease of 7.0% from the October 15th total of 2,140,000 shares. Currently, 1.6% of the company’s stock are sold short. Based on an average daily volume of 874,600 shares, the days-to-cover ratio is presently 2.3 days.

Insider Activity

In other news, Director Melody C. Barnes sold 824 shares of the company’s stock in a transaction 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 completion of the transaction, the director now directly owns 17,590 shares in the company, valued at $1,998,224. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Booz Allen Hamilton news, Director Melody C. Barnes sold 824 shares of the stock in a transaction on Thursday, August 24th. The shares were 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 in the company, valued at approximately $1,998,224. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Kristine Anderson sold 5,064 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $125.00, for a total transaction of $633,000.00. Following the completion of the transaction, the chief operating officer now owns 71,656 shares in the company, valued at $8,957,000. The disclosure for this sale can be found here. Insiders own 1.76% of the company’s stock.

Hedge Funds Weigh In On Booz Allen Hamilton

A number of institutional investors have recently modified their holdings of the company. Janiczek Wealth Management LLC bought a new position in Booz Allen Hamilton during the third quarter worth $25,000. Headlands Technologies LLC bought a new stake in Booz Allen Hamilton in the 2nd quarter valued at $29,000. Fiduciary Alliance LLC bought a new stake in Booz Allen Hamilton in the 2nd quarter valued at $30,000. Acadian Asset Management LLC bought a new stake in Booz Allen Hamilton in the 3rd quarter valued at $31,000. Finally, DHJJ Financial Advisors Ltd. bought a new stake in Booz Allen Hamilton in the 3rd quarter valued at $34,000. Institutional investors own 90.32% of the company’s stock.

Booz Allen Hamilton Stock Down 0.8 %

Shares of BAH stock traded down $1.01 during trading on Friday, hitting $126.82. 563,268 shares of the company were exchanged, compared to its average volume of 955,067. The company has a debt-to-equity ratio of 3.16, a quick ratio of 1.68 and a current ratio of 1.68. The firm has a market capitalization of $16.53 billion, a price-to-earnings ratio of 56.95, a P/E/G ratio of 2.09 and a beta of 0.61. The business’s 50-day simple moving average is $118.93 and its 200 day simple moving average is $112.13. Booz Allen Hamilton has a twelve month low of $87.99 and a twelve month high of $130.34.

Booz Allen Hamilton (NYSE:BAH) last posted its earnings results on Friday, October 27th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.02). The business had revenue of $2.67 billion during the quarter, compared to analyst estimates of $2.61 billion. Booz Allen Hamilton had a net margin of 2.94% and a return on equity of 59.58%. Booz Allen Hamilton’s revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.34 earnings per share. As a group, analysts forecast that Booz Allen Hamilton will post 5.03 EPS for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Wednesday, November 15th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date is Tuesday, November 14th. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 84.68%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on BAH shares. Truist Financial raised their target price on shares of Booz Allen Hamilton from $106.00 to $120.00 and gave the company a “hold” rating in a research note on Monday, July 31st. Barclays raised 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. StockNews.com initiated coverage on shares of Booz Allen Hamilton in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Stifel Nicolaus lifted their target price on shares of Booz Allen Hamilton from $127.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, October 12th. Finally, William Blair restated an “outperform” rating on shares of Booz Allen Hamilton in a report on Wednesday, September 13th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $127.63.

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