Dai ichi Life Insurance Company Ltd Cuts Stock Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Dai ichi Life Insurance Company Ltd cut its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 15.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,878 shares of the business services provider’s stock after selling 3,039 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Booz Allen Hamilton were worth $2,747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Opal Wealth Advisors LLC bought a new stake in Booz Allen Hamilton in the 2nd quarter worth approximately $26,000. OFI Invest Asset Management purchased a new stake in shares of Booz Allen Hamilton in the 2nd quarter valued at $29,000. Peterson Financial Group Inc. bought a new position in shares of Booz Allen Hamilton during the 3rd quarter valued at $31,000. Innealta Capital LLC purchased a new position in Booz Allen Hamilton in the 2nd quarter worth $34,000. Finally, Gilliland Jeter Wealth Management LLC bought a new stake in Booz Allen Hamilton in the third quarter worth $45,000. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Insider Buying and Selling

In related news, CFO Matthew Calderone sold 4,065 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 transaction of $670,725.00. Following the completion of the transaction, the chief financial officer now owns 29,618 shares in the company, valued at approximately $4,886,970. This represents a 12.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Richard Crowe sold 4,243 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $165.00, for a total value of $700,095.00. Following the transaction, the executive vice president now owns 25,496 shares of the company’s stock, valued at approximately $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. 1.59% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

BAH has been the topic of several analyst reports. Jefferies Financial Group downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $180.00 to $190.00 in a report on Monday, November 4th. The Goldman Sachs Group boosted their price objective on Booz Allen Hamilton from $174.00 to $196.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Wells Fargo & Company cut their target price on shares of Booz Allen Hamilton from $206.00 to $177.00 and set an “overweight” rating on the stock in a report on Tuesday. StockNews.com lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Barclays boosted 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 report on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $173.25.

Booz Allen Hamilton Stock Performance

NYSE:BAH opened at $147.35 on Thursday. The stock has a 50-day simple moving average of $164.37 and a two-hundred day simple moving average of $156.80. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.56 and a current ratio of 1.56. Booz Allen Hamilton Holding Co. has a 52-week low of $123.17 and a 52-week high of $190.59. The firm has a market capitalization of $18.83 billion, a PE ratio of 23.13, a P/E/G ratio of 1.77 and a beta of 0.58.

Booz Allen Hamilton Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th will be given a $0.51 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.04 annualized dividend and a dividend yield of 1.38%. Booz Allen Hamilton’s payout ratio is 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.