Naya Capital Management UK Ltd. Sells 307,546 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Naya Capital Management UK Ltd. reduced its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 23.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 978,002 shares of the business services provider’s stock after selling 307,546 shares during the period. Booz Allen Hamilton accounts for approximately 13.3% of Naya Capital Management UK Ltd.’s holdings, making the stock its 4th biggest position. Naya Capital Management UK Ltd. owned approximately 0.77% of Booz Allen Hamilton worth $159,180,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several analysts have issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of Booz Allen Hamilton from $174.00 to $196.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Truist Financial reduced their price target on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a research report on Friday, November 22nd. Barclays upped their price objective on shares of Booz Allen Hamilton from $142.00 to $175.00 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. Wells Fargo & Company decreased their target price on shares of Booz Allen Hamilton from $206.00 to $177.00 and set an “overweight” rating for the company in a research note on Tuesday, November 26th. Finally, UBS Group started coverage on shares of Booz Allen Hamilton in a research note on Monday. They issued a “neutral” rating and a $159.00 price target on the stock. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $171.67.

Insider Activity

In related news, CFO Matthew Calderone sold 4,065 shares of the business’s 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 sale, the chief financial officer now owns 29,618 shares of the company’s stock, valued at $4,886,970. The trade was a 12.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Richard Crowe sold 4,243 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total value of $700,095.00. Following the completion of the sale, the executive vice president now owns 25,496 shares in the company, valued at $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. Over the last ninety days, insiders have sold 12,173 shares of company stock worth $1,989,220. Company insiders own 1.59% of the company’s stock.

Booz Allen Hamilton Stock Down 1.8 %

BAH opened at $146.06 on Wednesday. The business has a 50 day moving average of $163.36 and a 200-day moving average of $156.67. The stock has a market capitalization of $18.66 billion, a price-to-earnings ratio of 22.93, a P/E/G ratio of 1.79 and a beta of 0.52. 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 Holding Co. has a 1-year low of $123.17 and a 1-year high of $190.59.

Booz Allen Hamilton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Friday, November 15th. Booz Allen Hamilton’s payout ratio is presently 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.