Sterling Capital Management LLC Sells 66,772 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Sterling Capital Management LLC decreased its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 9.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 610,821 shares of the business services provider's stock after selling 66,772 shares during the quarter. Booz Allen Hamilton accounts for approximately 1.1% of Sterling Capital Management LLC's portfolio, making the stock its 22nd largest position. Sterling Capital Management LLC owned about 0.48% of Booz Allen Hamilton worth $78,613,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Bogart Wealth LLC grew its stake in Booz Allen Hamilton by 387.5% in the 4th quarter. Bogart Wealth LLC now owns 195 shares of the business services provider's stock worth $25,000 after buying an additional 155 shares in the last quarter. OFI Invest Asset Management purchased a new position in Booz Allen Hamilton in the fourth quarter worth $25,000. EverSource Wealth Advisors LLC grew its position in Booz Allen Hamilton by 144.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider's stock worth $29,000 after acquiring an additional 134 shares in the last quarter. SRS Capital Advisors Inc. increased its stake in Booz Allen Hamilton by 3,314.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider's stock valued at $31,000 after acquiring an additional 232 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in Booz Allen Hamilton during the fourth quarter valued at about $31,000. 91.82% of the stock is currently owned by institutional investors.

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Booz Allen Hamilton Trading Down 1.5 %

Shares of Booz Allen Hamilton stock traded down $1.65 during trading on Tuesday, reaching $110.38. 1,537,918 shares of the stock were exchanged, compared to its average volume of 1,470,113. Booz Allen Hamilton Holding Co. has a 1 year low of $101.05 and a 1 year high of $190.59. The firm has a market cap of $13.98 billion, a price-to-earnings ratio of 16.45, a price-to-earnings-growth ratio of 1.25 and a beta of 0.58. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 2.72. The stock's fifty day moving average is $111.95 and its 200 day moving average is $135.88.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last released its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share for the quarter, beating 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 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 disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.99%. 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 payout ratio is presently 32.79%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on BAH shares. Truist Financial cut their price objective on Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating for the company in a report on Monday. 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. JPMorgan Chase & Co. lowered their price objective on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating for the company in a report on Tuesday. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $109.00 target price (down previously from $150.00) on shares of Booz Allen Hamilton in a report on Friday. Finally, Wells Fargo & Company lowered their price target on shares of Booz Allen Hamilton from $164.00 to $148.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Booz Allen Hamilton currently has an average rating of "Hold" and an average price target of $146.45.

About Booz Allen Hamilton

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.