Congress Asset Management Co. trimmed its position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH – Free Report) by 98.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,345 shares of the business services provider’s stock after selling 543,093 shares during the period. Congress Asset Management Co.’s holdings in Booz Allen Hamilton were worth $788,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Booz Allen Hamilton by 22.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,167 shares of the business services provider’s stock valued at $2,737,000 after buying an additional 4,870 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Booz Allen Hamilton by 365.0% in the 1st quarter. NewEdge Advisors LLC now owns 11,750 shares of the business services provider’s stock valued at $1,229,000 after buying an additional 9,223 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in Booz Allen Hamilton by 53.7% in the second quarter. Sivia Capital Partners LLC now owns 4,460 shares of the business services provider’s stock worth $464,000 after buying an additional 1,559 shares during the last quarter. Creative Planning raised its position in Booz Allen Hamilton by 18.7% during the second quarter. Creative Planning now owns 12,457 shares of the business services provider’s stock valued at $1,297,000 after acquiring an additional 1,964 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in Booz Allen Hamilton by 22.9% during the second quarter. Franklin Resources Inc. now owns 154,325 shares of the business services provider’s stock valued at $16,070,000 after acquiring an additional 28,798 shares in the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.
Booz Allen Hamilton Stock Up 0.3%
BAH opened at $80.38 on Friday. The business has a 50 day moving average of $83.07 and a 200-day moving average of $88.75. The stock has a market capitalization of $9.69 billion, a price-to-earnings ratio of 11.94, a P/E/G ratio of 4.70 and a beta of 0.37. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 3.76. Booz Allen Hamilton Holding Corporation has a 1-year low of $73.93 and a 1-year high of $130.91.
Booz Allen Hamilton Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 13th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Friday, February 13th. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.55. Booz Allen Hamilton’s payout ratio is presently 35.07%.
Wall Street Analyst Weigh In
Several analysts have commented on the stock. Citigroup boosted their target price on shares of Booz Allen Hamilton from $93.00 to $109.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 13th. Stifel Nicolaus raised their price target on shares of Booz Allen Hamilton from $106.00 to $115.00 and gave the company a “hold” rating in a report on Monday, January 26th. Truist Financial set a $98.00 price objective on shares of Booz Allen Hamilton in a report on Friday, January 23rd. Zacks Research raised shares of Booz Allen Hamilton from a “strong sell” rating to a “hold” rating in a research report on Friday, November 28th. Finally, DA Davidson set a $81.00 target price on Booz Allen Hamilton in a report on Tuesday, January 27th. Two investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, Booz Allen Hamilton has an average rating of “Reduce” and an average price target of $101.25.
View Our Latest Stock Analysis on BAH
Booz Allen Hamilton Company Profile
Booz Allen Hamilton Holding Corporation is a publicly traded management and technology consulting firm headquartered in McLean, Virginia. The company provides a wide range of professional services and solutions in strategy, analytics, digital transformation, engineering and cyber security. Its expertise spans from supporting federal civilian agencies to defense, intelligence and homeland security organizations, as well as select commercial industries.
Key offerings include data analytics and artificial intelligence applications, software development and modernization, systems integration, and cyber risk management.
See Also
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