Booz Allen Hamilton Holding Co. (NYSE:BAH) Short Interest Up 131.1% in November

Booz Allen Hamilton Holding Co. (NYSE:BAH) was the target of a large increase in short interest in November. As of November 15th, there was short interest totalling 3,790,000 shares, an increase of 131.1% from the October 31st total of 1,640,000 shares. Approximately 3.0% of the company’s stock are sold short. Based on an average trading volume of 1,210,000 shares, the short-interest ratio is currently 3.1 days.

Insider Buying and Selling at Booz Allen Hamilton

In other news, 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 transaction, the executive vice president now owns 25,496 shares of the company’s stock, valued at approximately $4,206,840. This represents a 14.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Matthew Calderone sold 3,865 shares of the firm’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $160.00, for a total transaction of $618,400.00. Following the sale, the chief financial officer now owns 33,683 shares in the company, valued at approximately $5,389,280. This trade represents a 10.29 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,173 shares of company stock worth $1,989,220. Corporate insiders own 1.59% of the company’s stock.

Institutional Investors Weigh In On Booz Allen Hamilton

A number of large investors have recently added to or reduced their stakes in BAH. Oppenheimer & Co. Inc. increased its stake in Booz Allen Hamilton by 3.3% during the third quarter. Oppenheimer & Co. Inc. now owns 1,822 shares of the business services provider’s stock valued at $297,000 after purchasing an additional 59 shares during the last quarter. First Horizon Advisors Inc. increased its position in shares of Booz Allen Hamilton by 4.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,596 shares of the business services provider’s stock valued at $246,000 after purchasing an additional 69 shares during the period. X Square Capital LLC raised its position in Booz Allen Hamilton by 0.7% in the second quarter. X Square Capital LLC now owns 10,509 shares of the business services provider’s stock worth $1,617,000 after acquiring an additional 72 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Booz Allen Hamilton by 13.0% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 685 shares of the business services provider’s stock valued at $111,000 after acquiring an additional 79 shares during the last quarter. Finally, CIBC Asset Management Inc raised its holdings in shares of Booz Allen Hamilton by 1.9% during the second quarter. CIBC Asset Management Inc now owns 4,448 shares of the business services provider’s stock valued at $685,000 after acquiring an additional 82 shares during the period. 91.82% of the stock is owned by institutional investors and hedge funds.

Booz Allen Hamilton Price Performance

Shares of NYSE:BAH traded down $1.28 on Thursday, reaching $147.35. 1,026,573 shares of the company were exchanged, compared to its average volume of 828,687. Booz Allen Hamilton has a 1-year low of $123.17 and a 1-year high of $190.59. The firm has a market cap of $18.83 billion, a price-to-earnings ratio of 23.13, a price-to-earnings-growth ratio of 1.77 and a beta of 0.58. The company has a 50-day moving average of $164.23 and a 200-day moving average of $156.73. 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 Dividend Announcement

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. This represents a $2.04 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Friday, November 15th. Booz Allen Hamilton’s payout ratio is currently 32.03%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on BAH shares. Wells Fargo & Company lowered 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 report on Tuesday. Jefferies Financial Group cut Booz Allen Hamilton from a “buy” rating to a “hold” rating and increased their target price for the stock from $180.00 to $190.00 in a research report on Monday, November 4th. The Goldman Sachs Group lifted their price objective on Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Barclays raised their price target on Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. cut shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and increased their target price for the stock from $154.00 to $158.00 in a report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Booz Allen Hamilton currently has an average rating of “Hold” and an average price target of $173.25.

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.