Rhumbline Advisers Lowers Stock Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Rhumbline Advisers decreased its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 175,468 shares of the business services provider's stock after selling 6,039 shares during the period. Rhumbline Advisers owned 0.14% of Booz Allen Hamilton worth $22,583,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in BAH. Van ECK Associates Corp increased its position in shares of 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 valued at $122,472,000 after acquiring an additional 324,159 shares in the last quarter. Empirical Asset Management LLC bought a new stake in shares of Booz Allen Hamilton during the fourth quarter valued at approximately $1,900,000. Blue Trust Inc. increased its position in shares of Booz Allen Hamilton by 133.8% during the fourth quarter. Blue Trust Inc. now owns 6,566 shares of the business services provider's stock valued at $845,000 after acquiring an additional 3,758 shares in the last quarter. Bartlett & CO. Wealth Management LLC increased its position in shares of Booz Allen Hamilton by 1.6% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 539,589 shares of the business services provider's stock valued at $69,445,000 after acquiring an additional 8,365 shares in the last quarter. Finally, DAVENPORT & Co LLC increased its position in shares of Booz Allen Hamilton by 45.6% during the fourth quarter. DAVENPORT & Co LLC now owns 49,798 shares of the business services provider's stock valued at $6,405,000 after acquiring an additional 15,592 shares in the last quarter. Institutional investors own 91.82% of the company's stock.

Booz Allen Hamilton Stock Performance

Shares of Booz Allen Hamilton stock traded down $1.36 on Friday, hitting $112.27. 4,374,811 shares of the company's stock were exchanged, compared to its average volume of 2,115,542. The company has a 50-day simple moving average of $129.90 and a 200-day simple moving average of $147.98. The stock has a market capitalization of $14.22 billion, a PE ratio of 16.73, a PEG ratio of 1.31 and a beta of 0.55. Booz Allen Hamilton Holding Co. has a 1 year low of $106.69 and a 1 year high of $190.59. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.57 and a current ratio of 1.57.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share for the quarter, topping 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, equities 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 announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 14th will be paid a dividend of $0.55 per share. This is a boost from Booz Allen Hamilton's previous quarterly dividend of $0.51. The ex-dividend date is Friday, February 14th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.96%. Booz Allen Hamilton's payout ratio is 32.79%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. William Blair downgraded shares of Booz Allen Hamilton from an "outperform" rating to a "market perform" rating in a research report on Friday. Wells Fargo & Company reduced their price target on shares of Booz Allen Hamilton from $177.00 to $171.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. StockNews.com downgraded shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research report on Thursday, December 5th. Barclays raised shares of Booz Allen Hamilton from an "underweight" rating to an "equal weight" rating and set a $140.00 target price for the company in a research report on Monday, January 6th. Finally, Jefferies Financial Group downgraded shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating and lifted their target price for the stock from $180.00 to $190.00 in a research report on Monday, November 4th. One investment 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's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $158.91.

Booz Allen Hamilton 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.