Westfield Capital Management Co. LP Buys Shares of 297,057 Booz Allen Hamilton Holding Co. (NYSE:BAH)

Westfield Capital Management Co. LP bought a new position in Booz Allen Hamilton Holding Co. (NYSE:BAH) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 297,057 shares of the business services provider’s stock, valued at approximately $48,349,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Opal Wealth Advisors LLC bought a new stake in shares of Booz Allen Hamilton in the second quarter worth about $26,000. Peterson Financial Group Inc. acquired a new position in shares of Booz Allen Hamilton in the third quarter valued at approximately $31,000. OFI Invest Asset Management bought a new stake in shares of Booz Allen Hamilton during the second quarter worth $29,000. Innealta Capital LLC bought a new stake in Booz Allen Hamilton in the 2nd quarter valued at $34,000. Finally, Gilliland Jeter Wealth Management LLC acquired a new position in Booz Allen Hamilton in the 3rd quarter worth $45,000. 91.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Barclays boosted their price target on Booz Allen Hamilton from $142.00 to $175.00 and gave the company an “underweight” rating in a report on Tuesday, October 29th. StockNews.com downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Jefferies Financial Group downgraded shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and lifted their price objective for the company from $180.00 to $190.00 in a report on Monday, November 4th. 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. Finally, Wells Fargo & Company lifted their price target on shares of Booz Allen Hamilton from $185.00 to $206.00 and gave the company an “overweight” rating in a research note on Monday, October 28th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Booz Allen Hamilton currently has a consensus rating of “Hold” and an average price target of $176.88.

Booz Allen Hamilton Stock Performance

NYSE BAH opened at $149.22 on Monday. The firm’s fifty day moving average price is $164.73 and its two-hundred day moving average price is $156.90. Booz Allen Hamilton Holding Co. has a 1 year low of $123.17 and a 1 year high of $190.59. The firm has a market capitalization of $19.07 billion, a P/E ratio of 23.43, a price-to-earnings-growth ratio of 1.80 and a beta of 0.58. 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors 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 yield of 1.37%. Booz Allen Hamilton’s dividend payout ratio (DPR) is currently 32.03%.

Insider Buying and Selling

In other news, CFO Matthew Calderone sold 4,065 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $165.00, for a total value of $670,725.00. Following the transaction, the chief financial officer now directly owns 29,618 shares of the company’s stock, valued at $4,886,970. This represents a 12.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Richard Crowe sold 4,243 shares of Booz Allen Hamilton stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $165.00, for a total transaction of $700,095.00. Following the sale, the executive vice president now directly owns 25,496 shares of the company’s stock, valued at $4,206,840. The trade was a 14.27 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,173 shares of company stock worth $1,989,220. Company insiders own 1.59% of the company’s stock.

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.