Voya Investment Management LLC Lowers Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Voya Investment Management LLC decreased its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 68.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 595,784 shares of the business services provider's stock after selling 1,285,123 shares during the quarter. Voya Investment Management LLC owned 0.47% of Booz Allen Hamilton worth $76,677,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC grew its stake in shares of Booz Allen Hamilton by 17.1% in the 3rd quarter. Barclays PLC now owns 101,365 shares of the business services provider's stock worth $16,497,000 after acquiring an additional 14,826 shares in the last quarter. Anchor Investment Management LLC lifted its position in shares of Booz Allen Hamilton by 865.7% during the 3rd quarter. Anchor Investment Management LLC now owns 647 shares of the business services provider's stock worth $105,000 after buying an additional 580 shares in the last quarter. World Investment Advisors LLC boosted its stake in shares of Booz Allen Hamilton by 26.1% in the 3rd quarter. World Investment Advisors LLC now owns 6,719 shares of the business services provider's stock worth $1,094,000 after buying an additional 1,390 shares during the last quarter. Tidal Investments LLC grew its holdings in shares of Booz Allen Hamilton by 17.7% in the third quarter. Tidal Investments LLC now owns 13,165 shares of the business services provider's stock valued at $2,143,000 after acquiring an additional 1,979 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in Booz Allen Hamilton by 9.1% during the third quarter. Franklin Resources Inc. now owns 87,607 shares of the business services provider's stock worth $14,249,000 after acquiring an additional 7,271 shares during the period. 91.82% of the stock is owned by institutional investors.

Booz Allen Hamilton Price Performance

Shares of NYSE BAH traded down $0.69 during mid-day trading on Monday, reaching $118.90. 1,142,324 shares of the company were exchanged, compared to its average volume of 1,524,257. The company's 50 day moving average price is $110.54 and its 200 day moving average price is $132.64. Booz Allen Hamilton Holding Co. has a 52 week low of $101.05 and a 52 week high of $190.59. 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 has a market capitalization of $15.06 billion, a PE ratio of 17.72, a PEG ratio of 1.25 and a beta of 0.58.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last issued its earnings results on Friday, January 31st. The business services provider reported $1.55 EPS for the quarter, topping 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 forecast that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date was Friday, February 14th. This is an increase from Booz Allen Hamilton's previous quarterly dividend of $0.51. Booz Allen Hamilton's payout ratio is currently 32.79%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BAH. TD Cowen lowered their target price on Booz Allen Hamilton from $200.00 to $155.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Raymond James upgraded shares of Booz Allen Hamilton from a "market perform" rating to an "outperform" rating and set a $150.00 price target for the company in a research note on Monday, February 3rd. Truist Financial dropped their price objective on Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. The Goldman Sachs Group restated a "neutral" rating and issued a $109.00 target price (down from $150.00) on shares of Booz Allen Hamilton in a research note on Friday, April 11th. Finally, Barclays raised Booz Allen Hamilton from an "underweight" rating to an "equal weight" rating and set a $140.00 price objective for the company in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price 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.