Argent Capital Management LLC Lowers Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Argent Capital Management LLC lessened its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 725,976 shares of the business services provider's stock after selling 9,065 shares during the quarter. Booz Allen Hamilton makes up about 2.6% of Argent Capital Management LLC's holdings, making the stock its 12th largest position. Argent Capital Management LLC owned approximately 0.57% of Booz Allen Hamilton worth $93,433,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Booz Allen Hamilton by 10.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,021,239 shares of the business services provider's stock worth $157,184,000 after buying an additional 93,544 shares during the last quarter. Edgestream Partners L.P. bought a new position in Booz Allen Hamilton in the 2nd quarter worth about $3,435,000. Axxcess Wealth Management LLC grew its stake in Booz Allen Hamilton by 267.7% during the second quarter. Axxcess Wealth Management LLC now owns 7,254 shares of the business services provider's stock valued at $1,116,000 after acquiring an additional 5,281 shares in the last quarter. SYSTM Wealth Solutions LLC increased its holdings in shares of Booz Allen Hamilton by 5.0% in the second quarter. SYSTM Wealth Solutions LLC now owns 29,211 shares of the business services provider's stock worth $4,496,000 after purchasing an additional 1,397 shares during the period. Finally, Amalgamated Bank grew its holdings in shares of Booz Allen Hamilton by 2.2% during the second quarter. Amalgamated Bank now owns 8,653 shares of the business services provider's stock worth $1,332,000 after purchasing an additional 184 shares in the last quarter. 91.82% of the stock is currently owned by institutional investors.

Booz Allen Hamilton Price Performance

NYSE BAH traded up $0.34 during trading on Thursday, hitting $136.41. 1,440,533 shares of the stock traded hands, compared to its average volume of 1,629,829. The company has a market capitalization of $17.43 billion, a P/E ratio of 21.41, a price-to-earnings-growth ratio of 1.59 and a beta of 0.55. Booz Allen Hamilton Holding Co. has a 12-month low of $125.88 and a 12-month high of $190.59. The firm has a 50-day simple moving average of $141.93 and a 200-day simple moving average of $152.29. The company has a quick ratio of 1.56, a current 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 was paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend was Friday, November 15th. Booz Allen Hamilton's dividend payout ratio is currently 32.03%.

Analyst Ratings Changes

A number of research firms recently commented on BAH. Barclays raised Booz Allen Hamilton from an "underweight" rating to an "equal weight" rating and set a $140.00 target price on the stock in a research note on Monday, January 6th. The Goldman Sachs Group lowered their price objective on Booz Allen Hamilton from $210.00 to $158.00 and set a "buy" rating for the company in a research report on Thursday, December 12th. Wells Fargo & Company cut their target price on shares of Booz Allen Hamilton from $177.00 to $171.00 and set an "overweight" rating on the stock in a report on Wednesday, January 8th. UBS Group initiated coverage on shares of Booz Allen Hamilton in a research report on Monday, December 2nd. They set a "neutral" rating and a $159.00 price target for the company. Finally, Truist Financial decreased their price objective on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a "hold" rating on the stock in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $161.78.

Insider Transactions at Booz Allen Hamilton

In other news, 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 sale, the executive vice president now directly owns 25,496 shares in the company, valued at approximately $4,206,840. This trade represents a 14.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Matthew Calderone sold 4,065 shares of the company'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 transaction, the chief financial officer now directly owns 29,618 shares in the company, valued at approximately $4,886,970. The trade was a 12.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.