Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lowered its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,387 shares of the business services provider’s stock after selling 529 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Booz Allen Hamilton were worth $2,752,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in BAH. Citigroup Inc. grew its position in shares of Booz Allen Hamilton by 3.4% in the third quarter. Citigroup Inc. now owns 92,631 shares of the business services provider’s stock valued at $15,077,000 after purchasing an additional 3,022 shares during the last quarter. Cerity Partners LLC increased its position in Booz Allen Hamilton by 39.7% during the third quarter. Cerity Partners LLC now owns 37,401 shares of the business services provider’s stock worth $6,087,000 after buying an additional 10,623 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Booz Allen Hamilton by 3.9% in the third quarter. Bank of Montreal Can now owns 97,512 shares of the business services provider’s stock worth $15,802,000 after acquiring an additional 3,619 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Booz Allen Hamilton by 2.9% in the third quarter. The Manufacturers Life Insurance Company now owns 6,313 shares of the business services provider’s stock valued at $1,028,000 after acquiring an additional 179 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of Booz Allen Hamilton by 111.6% during the third quarter. FMR LLC now owns 356,828 shares of the business services provider’s stock valued at $58,077,000 after acquiring an additional 188,185 shares during the last quarter. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

Booz Allen Hamilton Stock Performance

Shares of BAH stock opened at $106.29 on Thursday. The company’s fifty day simple moving average is $119.59 and its 200-day simple moving average is $140.97. 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 Holding Co. has a 52 week low of $101.05 and a 52 week high of $190.59. The company has a market cap of $13.46 billion, a PE ratio of 15.84, a P/E/G ratio of 1.25 and a beta of 0.56.

Booz Allen Hamilton (NYSE:BAH) last announced its earnings results on Friday, January 31st. The business services provider reported $1.55 EPS for the quarter, beating the consensus estimate of $1.48 by $0.07. Booz Allen Hamilton had a return on equity of 68.97% and a net margin of 7.39%. As a group, equities research analysts anticipate that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current year.

Booz Allen Hamilton Increases Dividend

The company 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 2.07%. This is a positive change 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 (DPR) is presently 32.79%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Barclays upgraded shares of Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 target price on the stock in a report on Monday, January 6th. Raymond James upgraded Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 price target for the company in a report on Monday, February 3rd. William Blair cut Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. Cantor Fitzgerald upgraded Booz Allen Hamilton to a “strong-buy” rating in a research note on Tuesday, February 25th. Finally, StockNews.com lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. One 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $158.27.

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.