Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. cut its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 55.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,310 shares of the business services provider's stock after selling 9,192 shares during the quarter. Prudential Financial Inc.'s holdings in Booz Allen Hamilton were worth $941,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of BAH. Geode Capital Management LLC raised its position in Booz Allen Hamilton by 2.5% during the third quarter. Geode Capital Management LLC now owns 2,341,533 shares of the business services provider's stock valued at $381,898,000 after acquiring an additional 58,038 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Booz Allen Hamilton during the 4th quarter valued at approximately $173,055,000. Bank Julius Baer & Co. Ltd Zurich lifted its stake in shares of Booz Allen Hamilton by 11.8% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,342,528 shares of the business services provider's stock valued at $184,347,000 after purchasing an additional 141,541 shares during the period. Van ECK Associates Corp boosted its holdings in Booz Allen Hamilton by 51.7% during the fourth quarter. Van ECK Associates Corp now owns 951,605 shares of the business services provider's stock worth $122,472,000 after buying an additional 324,159 shares in the last quarter. Finally, Bahl & Gaynor Inc. grew its position in Booz Allen Hamilton by 2.2% during the fourth quarter. Bahl & Gaynor Inc. now owns 796,615 shares of the business services provider's stock valued at $102,524,000 after buying an additional 17,355 shares during the period. 91.82% of the stock is currently owned by institutional investors and hedge funds.

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Booz Allen Hamilton Price Performance

BAH traded down $0.39 during trading on Friday, reaching $108.42. The company's stock had a trading volume of 2,670,588 shares, compared to its average volume of 1,463,606. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 2.72. The firm has a fifty day simple moving average of $112.29 and a two-hundred day simple moving average of $136.39. The company has a market cap of $13.73 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 1.25 and a beta of 0.58. Booz Allen Hamilton Holding Co. has a 1 year low of $101.05 and a 1 year high of $190.59.

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

Booz Allen Hamilton Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from Booz Allen Hamilton's previous quarterly dividend of $0.51. Booz Allen Hamilton's payout ratio is presently 32.79%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on BAH shares. Cantor Fitzgerald raised shares of Booz Allen Hamilton to a "strong-buy" rating in a research note on Tuesday, February 25th. William Blair downgraded Booz Allen Hamilton from an "outperform" rating to a "market perform" rating in a research report on Friday, February 21st. Wells Fargo & Company reduced their target price on Booz Allen Hamilton from $164.00 to $148.00 and set an "overweight" rating for the company in a research note on Tuesday. Raymond James raised shares of Booz Allen Hamilton from a "market perform" rating to an "outperform" rating and set a $150.00 price target on the stock in a research note on Monday, February 3rd. Finally, TD Cowen reduced their price objective on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a "buy" rating for the company in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $152.36.

About Booz Allen Hamilton

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.