Short Interest in Booz Allen Hamilton Holding Co. (NYSE:BAH) Expands By 6.6%

Booz Allen Hamilton Holding Co. (NYSE:BAHGet Free Report) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 1,460,000 shares, a growth of 6.6% from the May 31st total of 1,370,000 shares. Approximately 1.2% of the company’s shares are short sold. Based on an average daily volume of 657,800 shares, the days-to-cover ratio is currently 2.2 days.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BAH. Truist Financial boosted their price target on shares of Booz Allen Hamilton from $145.00 to $160.00 and gave the stock a “hold” rating in a research report on Tuesday, May 28th. Jefferies Financial Group lifted their target price on shares of Booz Allen Hamilton from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Barclays lifted their target price on shares of Booz Allen Hamilton from $135.00 to $153.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 29th. Stifel Nicolaus lifted their target price on shares of Booz Allen Hamilton from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Finally, Wells Fargo & Company lifted their target price on shares of Booz Allen Hamilton from $158.00 to $169.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $159.78.

View Our Latest Research Report on Booz Allen Hamilton

Insider Buying and Selling at Booz Allen Hamilton

In other news, CFO Matthew Calderone sold 332 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $154.15, for a total value of $51,177.80. Following the completion of the transaction, the chief financial officer now owns 23,438 shares of the company’s stock, valued at $3,612,967.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Matthew Calderone sold 332 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $154.15, for a total value of $51,177.80. Following the sale, the chief financial officer now owns 23,438 shares of the company’s stock, valued at $3,612,967.70. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Richard Crowe sold 1,006 shares of the firm’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $151.96, for a total value of $152,871.76. Following the transaction, the executive vice president now directly owns 29,739 shares of the company’s stock, valued at $4,519,138.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 58,255 shares of company stock worth $8,970,026. 1.59% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Financial Corp IN boosted its holdings in Booz Allen Hamilton by 21.3% during the fourth quarter. First Financial Corp IN now owns 472 shares of the business services provider’s stock worth $60,000 after purchasing an additional 83 shares during the last quarter. Gulf International Bank UK Ltd boosted its holdings in Booz Allen Hamilton by 0.8% during the first quarter. Gulf International Bank UK Ltd now owns 10,838 shares of the business services provider’s stock worth $1,608,000 after purchasing an additional 85 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Booz Allen Hamilton by 2.2% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,975 shares of the business services provider’s stock worth $508,000 after purchasing an additional 86 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in Booz Allen Hamilton by 0.5% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 17,990 shares of the business services provider’s stock worth $2,671,000 after purchasing an additional 93 shares during the last quarter. Finally, Greenleaf Trust boosted its holdings in Booz Allen Hamilton by 1.9% during the fourth quarter. Greenleaf Trust now owns 5,335 shares of the business services provider’s stock worth $682,000 after purchasing an additional 99 shares during the last quarter. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

Booz Allen Hamilton Trading Up 1.1 %

BAH opened at $154.51 on Friday. Booz Allen Hamilton has a 1-year low of $106.90 and a 1-year high of $164.43. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 3.20. The company has a market cap of $19.98 billion, a P/E ratio of 33.59, a price-to-earnings-growth ratio of 1.81 and a beta of 0.57. The company has a fifty day moving average price of $152.54 and a two-hundred day moving average price of $144.27.

Booz Allen Hamilton (NYSE:BAHGet Free Report) last posted its earnings results on Friday, May 24th. The business services provider reported $1.33 EPS for the quarter, topping the consensus estimate of $1.23 by $0.10. The company had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.71 billion. Booz Allen Hamilton had a net margin of 5.68% and a return on equity of 68.12%. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.01 earnings per share. Analysts predict that Booz Allen Hamilton will post 6.04 EPS for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 13th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.32%. The ex-dividend date was Thursday, June 13th. Booz Allen Hamilton’s payout ratio is presently 44.35%.

About Booz Allen Hamilton

(Get 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.

Further Reading

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