Sandy Spring Bank Has $4.53 Million Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Sandy Spring Bank raised its position in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 776.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,191 shares of the business services provider's stock after purchasing an additional 31,177 shares during the quarter. Sandy Spring Bank's holdings in Booz Allen Hamilton were worth $4,529,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in BAH. Oppenheimer & Co. Inc. raised its stake in shares of Booz Allen Hamilton by 3.3% during the third quarter. Oppenheimer & Co. Inc. now owns 1,822 shares of the business services provider's stock valued at $297,000 after purchasing an additional 59 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of Booz Allen Hamilton by 5.4% in the 3rd quarter. CIBC Asset Management Inc now owns 4,688 shares of the business services provider's stock worth $763,000 after buying an additional 240 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of 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 valued at $9,961,000 after buying an additional 6,007 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Booz Allen Hamilton during the third quarter valued at about $316,000. Finally, Commerce Bank grew its holdings in Booz Allen Hamilton by 3.1% during the third quarter. Commerce Bank now owns 21,834 shares of the business services provider's stock worth $3,554,000 after acquiring an additional 648 shares during the period. Institutional investors own 91.82% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BAH. JPMorgan Chase & Co. reduced 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 research report on Monday, February 3rd. Raymond James upgraded 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 report on Monday, February 3rd. Barclays upgraded Booz Allen Hamilton from an "underweight" rating to an "equal weight" rating and set a $140.00 price objective for the company in a research report on Monday, January 6th. TD Cowen decreased their target price on Booz Allen Hamilton from $200.00 to $155.00 and set a "buy" rating on the stock in a report on Wednesday, January 8th. Finally, Wells Fargo & Company reduced their target price on Booz Allen Hamilton from $180.00 to $164.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Booz Allen Hamilton currently has an average rating of "Hold" and a consensus price target of $158.27.

Booz Allen Hamilton Stock Up 1.2 %

NYSE BAH traded up $1.27 during trading on Tuesday, reaching $106.44. 1,950,161 shares of the company's stock were exchanged, compared to its average volume of 1,277,833. The firm has a market capitalization of $13.48 billion, a PE ratio of 15.86, a P/E/G ratio of 1.25 and a beta of 0.56. Booz Allen Hamilton Holding Co. has a fifty-two week low of $101.05 and a fifty-two week high of $190.59. 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's fifty day simple moving average is $120.79 and its 200-day simple moving average is $141.53.

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 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%. Sell-side analysts predict 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 was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were given 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 2.07%. The ex-dividend date was Friday, February 14th. Booz Allen Hamilton's dividend 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.