Congress Asset Management Co. Lowers Stock Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Congress Asset Management Co. lessened its position in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 9.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 839,198 shares of the business services provider's stock after selling 91,849 shares during the period. Congress Asset Management Co. owned approximately 0.66% of Booz Allen Hamilton worth $108,005,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Van ECK Associates Corp lifted its position in Booz Allen Hamilton by 51.7% in the fourth quarter. Van ECK Associates Corp now owns 951,605 shares of the business services provider's stock valued at $122,472,000 after purchasing an additional 324,159 shares during the period. Westfield Capital Management Co. LP purchased a new position in shares of Booz Allen Hamilton during the 3rd quarter worth approximately $48,349,000. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Booz Allen Hamilton by 28.5% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,288,101 shares of the business services provider's stock valued at $209,651,000 after buying an additional 285,621 shares during the period. FMR LLC boosted its stake in shares of Booz Allen Hamilton by 111.6% in the third quarter. FMR LLC now owns 356,828 shares of the business services provider's stock valued at $58,077,000 after buying an additional 188,185 shares in the last quarter. Finally, KBC Group NV raised its position in Booz Allen Hamilton by 1,207.8% in the fourth quarter. KBC Group NV now owns 189,899 shares of the business services provider's stock worth $24,440,000 after acquiring an additional 175,378 shares in the last quarter. Hedge funds and other institutional investors own 91.82% of the company's stock.

Booz Allen Hamilton Price Performance

NYSE:BAH traded down $1.36 during trading hours on Wednesday, reaching $117.83. 1,502,173 shares of the company traded hands, compared to its average volume of 2,002,060. Booz Allen Hamilton Holding Co. has a 1-year low of $115.67 and a 1-year high of $190.59. The stock has a market cap of $14.92 billion, a P/E ratio of 17.56, a P/E/G ratio of 1.31 and a beta of 0.55. The firm's 50-day moving average is $131.14 and its 200-day moving average is $148.61. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.57 and a quick ratio of 1.57.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The business services provider reported $1.55 EPS for the quarter, beating 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%. Equities research analysts expect that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.55 per share. The ex-dividend date is Friday, February 14th. This is an increase from Booz Allen Hamilton's previous quarterly dividend of $0.51. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.87%. Booz Allen Hamilton's payout ratio is 32.79%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BAH. Wells Fargo & Company reduced their target price on Booz Allen Hamilton from $177.00 to $171.00 and set an "overweight" rating for the company in a report on Wednesday, January 8th. Raymond James upgraded shares of Booz Allen Hamilton from a "market perform" rating to an "outperform" rating and set a $150.00 price objective for the company in a research note on Monday, February 3rd. Truist Financial dropped their target price on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a "hold" rating for the company in a report on Friday, November 22nd. Jefferies Financial Group downgraded shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating and lifted their price target for the company from $180.00 to $190.00 in a research report on Monday, November 4th. Finally, The Goldman Sachs Group lowered their price target on Booz Allen Hamilton from $210.00 to $158.00 and set a "buy" rating on the stock in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $158.91.

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.