Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Sold by Sit Investment Associates Inc.

Sit Investment Associates Inc. lowered its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 5.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 73,970 shares of the business services provider's stock after selling 3,905 shares during the quarter. Sit Investment Associates Inc. owned approximately 0.06% of Booz Allen Hamilton worth $9,520,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BAH. The Manufacturers Life Insurance Company boosted its holdings in shares of Booz Allen Hamilton by 2.9% during the third quarter. The Manufacturers Life Insurance Company now owns 6,313 shares of the business services provider's stock worth $1,028,000 after acquiring an additional 179 shares during the period. FMR LLC boosted its stake in 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. HighTower Advisors LLC increased its position in Booz Allen Hamilton by 5.6% during the 3rd quarter. HighTower Advisors LLC now owns 57,870 shares of the business services provider's stock worth $9,405,000 after purchasing an additional 3,078 shares in the last quarter. Investment Management Corp of Ontario increased its holdings in Booz Allen Hamilton by 52.8% in the 3rd quarter. Investment Management Corp of Ontario now owns 4,340 shares of the business services provider's stock worth $706,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Booz Allen Hamilton in the third quarter valued at approximately $225,000. Institutional investors and hedge funds own 91.82% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on BAH shares. Cantor Fitzgerald raised shares of Booz Allen Hamilton to a "strong-buy" rating in a research note on Tuesday, February 25th. Barclays raised 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 note on Monday, January 6th. Wells Fargo & Company dropped their price target on shares of Booz Allen Hamilton from $164.00 to $148.00 and set an "overweight" rating on the stock in a research report on Tuesday. William Blair cut Booz Allen Hamilton from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $109.00 target price (down from $150.00) on shares of Booz Allen Hamilton in a research report on Friday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Booz Allen Hamilton currently has a consensus rating of "Hold" and a consensus target price of $152.36.

Booz Allen Hamilton Stock Down 1.9 %

NYSE:BAH traded down $2.02 during trading hours on Friday, reaching $106.79. 933,522 shares of the company traded hands, compared to its average volume of 1,453,545. Booz Allen Hamilton Holding Co. has a 1 year low of $101.05 and a 1 year high of $190.59. The stock has a market capitalization of $13.52 billion, a P/E ratio of 15.88, a P/E/G ratio of 1.25 and a beta of 0.58. The business's 50-day moving average price is $112.76 and its two-hundred day moving average price is $136.74. 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 (NYSE:BAH - Get Free Report) last issued 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%. Analysts predict that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share 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 issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.06%. This is a boost from Booz Allen Hamilton's previous quarterly dividend of $0.51. The ex-dividend date was Friday, February 14th. Booz Allen Hamilton's dividend payout ratio is currently 32.79%.

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.