Commerce Bank Lowers Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Commerce Bank reduced its position in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 81.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,122 shares of the business services provider's stock after selling 17,712 shares during the quarter. Commerce Bank's holdings in Booz Allen Hamilton were worth $530,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of BAH. Norges Bank purchased a new position in shares of Booz Allen Hamilton during the 4th quarter valued at $196,578,000. Raymond James Financial Inc. purchased a new position in Booz Allen Hamilton during the fourth quarter worth about $173,055,000. Renaissance Technologies LLC increased its stake in Booz Allen Hamilton by 1,111.3% in the 4th quarter. Renaissance Technologies LLC now owns 606,794 shares of the business services provider's stock worth $78,094,000 after acquiring an additional 556,700 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Booz Allen Hamilton by 12.5% in the 4th quarter. JPMorgan Chase & Co. now owns 4,518,386 shares of the business services provider's stock valued at $581,516,000 after acquiring an additional 501,725 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of Booz Allen Hamilton by 78.8% during the 4th quarter. Alliancebernstein L.P. now owns 1,033,475 shares of the business services provider's stock valued at $133,008,000 after acquiring an additional 455,605 shares during the last quarter. Hedge funds and other institutional investors own 91.82% of the company's stock.

Booz Allen Hamilton Trading Up 0.3 %

Shares of NYSE:BAH traded up $0.41 during trading on Friday, reaching $119.74. 1,706,677 shares of the company traded hands, compared to its average volume of 1,525,791. 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 Holding Co. has a 52-week low of $101.05 and a 52-week high of $190.59. The business's fifty day moving average is $110.52 and its 200-day moving average is $133.12. The firm has a market capitalization of $15.16 billion, a price-to-earnings ratio of 17.85, a P/E/G ratio of 1.25 and a beta of 0.58.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 forecast that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current 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 $0.55 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.20 annualized dividend and a yield of 1.84%. This is a boost from Booz Allen Hamilton's previous quarterly dividend of $0.51. Booz Allen Hamilton's dividend payout ratio (DPR) is 32.79%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. William Blair cut shares of Booz Allen Hamilton from an "outperform" rating to a "market perform" rating in a research report on Friday, February 21st. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $109.00 price objective (down from $150.00) on shares of Booz Allen Hamilton in a report on Friday, April 11th. Raymond James raised Booz Allen Hamilton from a "market perform" rating to an "outperform" rating and set a $150.00 target price on the stock in a research note on Monday, February 3rd. JPMorgan Chase & Co. cut their price objective on Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating for the company in a report on Tuesday, April 15th. Finally, Barclays upgraded Booz Allen Hamilton from an "underweight" rating to an "equal weight" rating and set a $140.00 price objective on the stock in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Booz Allen Hamilton currently has an average rating of "Hold" and an average price target of $146.45.

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.