Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Acquired by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. boosted its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 125.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,629 shares of the business services provider's stock after buying an additional 8,700 shares during the quarter. Sumitomo Life Insurance Co.'s holdings in Booz Allen Hamilton were worth $1,999,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of BAH. Morgan Stanley grew its stake in shares of Booz Allen Hamilton by 312.6% during the 4th quarter. Morgan Stanley now owns 5,079,195 shares of the business services provider's stock valued at $530,878,000 after purchasing an additional 3,848,242 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Booz Allen Hamilton by 19.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,546,664 shares of the business services provider's stock valued at $497,084,000 after purchasing an additional 736,404 shares during the period. WCM Investment Management LLC grew its stake in shares of Booz Allen Hamilton by 0.9% during the 4th quarter. WCM Investment Management LLC now owns 4,229,460 shares of the business services provider's stock valued at $537,776,000 after purchasing an additional 39,528 shares during the period. State Street Corp grew its stake in shares of Booz Allen Hamilton by 4.0% during the 1st quarter. State Street Corp now owns 2,997,648 shares of the business services provider's stock valued at $277,852,000 after purchasing an additional 115,861 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Booz Allen Hamilton by 30.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,968,252 shares of the business services provider's stock valued at $324,341,000 after purchasing an additional 686,318 shares during the period. Hedge funds and other institutional investors own 91.82% of the company's stock.

Insider Transactions at Booz Allen Hamilton

In other news, CFO Matthew Calderone sold 1,500 shares of the company's stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $146.51, for a total transaction of $219,765.00. Following the sale, the chief financial officer now directly owns 25,462 shares of the company's stock, valued at approximately $3,730,437.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Horacio Rozanski sold 49,000 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $145.69, for a total transaction of $7,138,810.00. Following the sale, the chief executive officer now owns 557,411 shares in the company, valued at approximately $81,209,208.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Matthew Calderone sold 1,500 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $146.51, for a total value of $219,765.00. Following the sale, the chief financial officer now owns 25,462 shares in the company, valued at approximately $3,730,437.62. The disclosure for this sale can be found here. Insiders have sold 55,568 shares of company stock valued at $8,067,487 in the last ninety days. Corporate insiders own 1.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. boosted their price target on Booz Allen Hamilton from $120.00 to $136.00 and gave the company a "neutral" rating in a research note on Tuesday, February 6th. Jefferies Financial Group boosted their price objective on Booz Allen Hamilton from $150.00 to $170.00 and gave the company a "buy" rating in a research note on Wednesday, April 10th. The Goldman Sachs Group boosted their price objective on Booz Allen Hamilton from $141.00 to $158.00 and gave the company a "buy" rating in a research note on Monday, January 29th. Wells Fargo & Company boosted their price objective on Booz Allen Hamilton from $138.00 to $158.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 30th. Finally, Barclays downgraded Booz Allen Hamilton from an "equal weight" rating to an "underweight" rating in a research note on Friday, January 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Booz Allen Hamilton presently has an average rating of "Hold" and an average price target of $145.11.

Booz Allen Hamilton Price Performance

BAH stock traded down $1.84 during midday trading on Monday, hitting $142.25. The company's stock had a trading volume of 637,906 shares, compared to its average volume of 623,526. Booz Allen Hamilton Holding Co. has a 12 month low of $89.80 and a 12 month high of $150.59. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 3.10. The firm has a market capitalization of $18.46 billion, a price-to-earnings ratio of 46.53, a price-to-earnings-growth ratio of 1.96 and a beta of 0.53. The company has a 50 day moving average of $146.33 and a two-hundred day moving average of $133.27.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last issued its quarterly earnings data on Friday, January 26th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.28. The business had revenue of $2.57 billion for the quarter, compared to analysts' expectations of $2.54 billion. Booz Allen Hamilton had a return on equity of 65.31% and a net margin of 3.96%. The company's revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.07 EPS. On average, analysts expect that Booz Allen Hamilton Holding Co. will post 5.4 EPS for the current year.

Booz Allen Hamilton Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 12th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.43%. This is a boost from Booz Allen Hamilton's previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Friday, February 9th. Booz Allen Hamilton's dividend payout ratio is 65.81%.

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