Envestnet Portfolio Solutions Inc. Sells 6,743 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Envestnet Portfolio Solutions Inc. lessened its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 20.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,766 shares of the business services provider's stock after selling 6,743 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Booz Allen Hamilton were worth $3,445,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in BAH. Oppenheimer & Co. Inc. raised its position in Booz Allen Hamilton by 3.3% in the third quarter. Oppenheimer & Co. Inc. now owns 1,822 shares of the business services provider's stock worth $297,000 after purchasing an additional 59 shares in the last quarter. CIBC Asset Management Inc raised its position in Booz Allen Hamilton by 5.4% in the third quarter. CIBC Asset Management Inc now owns 4,688 shares of the business services provider's stock worth $763,000 after purchasing an additional 240 shares in the last quarter. Empowered Funds LLC raised its position in Booz Allen Hamilton by 23.5% in the third quarter. Empowered Funds LLC now owns 16,675 shares of the business services provider's stock worth $2,714,000 after purchasing an additional 3,177 shares in the last quarter. Thrivent Financial for Lutherans raised its position in Booz Allen Hamilton by 10.9% in the third quarter. Thrivent Financial for Lutherans now owns 61,203 shares of the business services provider's stock worth $9,961,000 after purchasing an additional 6,007 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Booz Allen Hamilton in the third quarter worth about $316,000. Institutional investors own 91.82% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BAH. Wells Fargo & Company dropped their price target on shares of Booz Allen Hamilton from $180.00 to $164.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. UBS Group started coverage on shares of Booz Allen Hamilton in a report on Monday, December 2nd. They set a "neutral" rating and a $159.00 price objective for the company. Raymond James raised 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 report on Monday, February 3rd. StockNews.com lowered shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a report on Thursday, December 5th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Booz Allen Hamilton from $142.00 to $140.00 and set an "underweight" rating for the company in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $158.27.

Booz Allen Hamilton Price Performance

Shares of Booz Allen Hamilton stock traded up $0.65 during midday trading on Friday, reaching $104.23. The company had a trading volume of 5,200,420 shares, compared to its average volume of 1,272,366. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.72. The company has a market capitalization of $13.20 billion, a price-to-earnings ratio of 15.53, a price-to-earnings-growth ratio of 1.25 and a beta of 0.56. The stock has a fifty day simple moving average of $121.39 and a 200 day simple moving average of $142.00. 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 announced its quarterly earnings data on Friday, January 31st. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating 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, equities research analysts forecast that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were paid a $0.55 dividend. This is a positive change from Booz Allen Hamilton's previous quarterly dividend of $0.51. This represents a $2.20 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend was Friday, February 14th. Booz Allen Hamilton's payout ratio is presently 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.