Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Sold by Zacks Investment Management

Zacks Investment Management trimmed its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 72.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,745 shares of the business services provider's stock after selling 67,349 shares during the period. Zacks Investment Management's holdings in Booz Allen Hamilton were worth $3,313,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bogart Wealth LLC lifted its holdings in shares of Booz Allen Hamilton by 387.5% during the 4th quarter. Bogart Wealth LLC now owns 195 shares of the business services provider's stock valued at $25,000 after buying an additional 155 shares during the period. OFI Invest Asset Management bought a new position in Booz Allen Hamilton in the fourth quarter valued at about $25,000. EverSource Wealth Advisors LLC boosted 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 purchasing an additional 134 shares during the last quarter. R Squared Ltd bought a new stake in shares of Booz Allen Hamilton during the 4th quarter valued at about $31,000. Finally, SRS Capital Advisors Inc. increased its position in shares of Booz Allen Hamilton by 3,314.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider's stock valued at $31,000 after purchasing an additional 232 shares during the last quarter. Institutional investors own 91.82% of the company's stock.

Booz Allen Hamilton Stock Up 1.0 %

NYSE BAH traded up $1.12 on Wednesday, reaching $116.25. 1,535,661 shares of the stock traded hands, compared to its average volume of 1,498,237. Booz Allen Hamilton Holding Co. has a 12 month low of $101.05 and a 12 month 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. The company has a fifty day moving average price of $110.50 and a 200-day moving average price of $134.01. The company has a market cap of $14.72 billion, a price-to-earnings ratio of 17.32, a PEG ratio of 1.25 and a beta of 0.58.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its earnings results 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%. As a group, research analysts forecast that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were issued a $0.55 dividend. The ex-dividend date was Friday, February 14th. This is an increase from Booz Allen Hamilton's previous quarterly dividend of $0.51. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.89%. Booz Allen Hamilton's dividend payout ratio (DPR) is currently 32.79%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on BAH shares. TD Cowen cut their target price on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a "buy" rating for the company in a research report on Wednesday, January 8th. JPMorgan Chase & Co. cut 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 research report on Tuesday, April 15th. Truist Financial reduced their price objective on Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating for the company in a research note on Monday, April 14th. The Goldman Sachs Group reiterated a "neutral" rating and set a $109.00 target price (down from $150.00) on shares of Booz Allen Hamilton in a research report on Friday, April 11th. Finally, Raymond James raised Booz Allen Hamilton from a "market perform" rating to an "outperform" rating and set a $150.00 price objective on the stock in a research note on Monday, February 3rd. 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 assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus 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.