Bank of Montreal Can Sells 72,431 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Bank of Montreal Can lowered its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 74.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,081 shares of the business services provider's stock after selling 72,431 shares during the period. Bank of Montreal Can's holdings in Booz Allen Hamilton were worth $3,228,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of BAH. GW&K Investment Management LLC boosted its holdings in shares of Booz Allen Hamilton by 0.7% in the fourth quarter. GW&K Investment Management LLC now owns 461,517 shares of the business services provider's stock valued at $59,397,000 after acquiring an additional 3,435 shares in the last quarter. Versor Investments LP acquired a new position in shares of Booz Allen Hamilton in the 4th quarter valued at $933,000. Bridges Investment Management Inc. increased its position in Booz Allen Hamilton by 19.2% during the 4th quarter. Bridges Investment Management Inc. now owns 117,661 shares of the business services provider's stock worth $15,143,000 after purchasing an additional 18,930 shares in the last quarter. Cumberland Partners Ltd lifted its holdings in shares of Booz Allen Hamilton by 92.2% during the 4th quarter. Cumberland Partners Ltd now owns 99,330 shares of the business services provider's stock valued at $12,784,000 after acquiring an additional 47,655 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in Booz Allen Hamilton by 51.7% during the 4th quarter. Van ECK Associates Corp now owns 951,605 shares of the business services provider's stock worth $122,472,000 after acquiring an additional 324,159 shares in the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BAH has been the subject of a number of research analyst reports. Cantor Fitzgerald upgraded shares of Booz Allen Hamilton to a "strong-buy" rating in a research note on Tuesday, February 25th. The Goldman Sachs Group reissued a "neutral" rating and set a $109.00 price target (down previously from $150.00) on shares of Booz Allen Hamilton in a report on Friday, April 11th. Truist Financial reduced their price target on Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating for the company in a research report on Monday. William Blair lowered Booz Allen Hamilton from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. Finally, Raymond James raised Booz Allen Hamilton from a "market perform" rating to an "outperform" rating and set a $150.00 price target on the stock in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Booz Allen Hamilton has a consensus rating of "Hold" and a consensus target price of $146.45.

Booz Allen Hamilton Price Performance

NYSE BAH traded up $2.41 during midday trading on Friday, hitting $113.70. The company had a trading volume of 1,581,894 shares, compared to its average volume of 1,486,878. The firm has a 50-day moving average price of $110.96 and a 200-day moving average price of $135.19. The company has a market capitalization of $14.40 billion, a PE ratio of 16.94, a P/E/G ratio of 1.25 and a beta of 0.58. Booz Allen Hamilton Holding Co. has a twelve month low of $101.05 and a twelve month high of $190.59. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.72.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.07. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. As a group, analysts anticipate that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from Booz Allen Hamilton's previous quarterly dividend of $0.51. This represents a $2.20 annualized dividend and a yield of 1.93%. Booz Allen Hamilton's dividend payout ratio is 32.79%.

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.