Intech Investment Management LLC decreased its position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH – Free Report) by 51.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,403 shares of the business services provider’s stock after selling 7,725 shares during the period. Intech Investment Management LLC’s holdings in Booz Allen Hamilton were worth $625,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of BAH. Activest Wealth Management lifted its position in Booz Allen Hamilton by 141.3% during the 4th quarter. Activest Wealth Management now owns 304 shares of the business services provider’s stock worth $26,000 after acquiring an additional 178 shares during the last quarter. Torren Management LLC acquired a new position in Booz Allen Hamilton during the 4th quarter worth $26,000. Rakuten Securities Inc. lifted its position in Booz Allen Hamilton by 414.6% during the 2nd quarter. Rakuten Securities Inc. now owns 247 shares of the business services provider’s stock worth $26,000 after acquiring an additional 199 shares during the last quarter. Aventura Private Wealth LLC acquired a new position in Booz Allen Hamilton during the 4th quarter worth $27,000. Finally, Fulcrum Asset Management LLP acquired a new position in Booz Allen Hamilton during the 3rd quarter worth $32,000. Institutional investors and hedge funds own 91.82% of the company’s stock.
Booz Allen Hamilton Stock Performance
NYSE:BAH opened at $78.98 on Wednesday. The firm’s 50-day moving average is $78.87 and its 200-day moving average is $82.85. Booz Allen Hamilton Holding Corporation has a 52-week low of $68.83 and a 52-week high of $120.04. The company has a debt-to-equity ratio of 3.55, a quick ratio of 1.78 and a current ratio of 1.78. The company has a market cap of $9.46 billion, a price-to-earnings ratio of 11.46, a PEG ratio of 4.51 and a beta of 0.32.
Booz Allen Hamilton Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Wednesday, June 10th will be issued a dividend of $0.59 per share. The ex-dividend date is Wednesday, June 10th. This represents a $2.36 annualized dividend and a dividend yield of 3.0%. Booz Allen Hamilton’s payout ratio is presently 34.25%.
Analyst Ratings Changes
A number of research analysts have weighed in on BAH shares. Weiss Ratings lowered shares of Booz Allen Hamilton from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. William Blair reissued an “outperform” rating on shares of Booz Allen Hamilton in a research report on Tuesday, March 3rd. Stifel Nicolaus set a $110.00 target price on shares of Booz Allen Hamilton and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Jefferies Financial Group set a $85.00 target price on shares of Booz Allen Hamilton in a research report on Monday, May 11th. Finally, UBS Group restated a “neutral” rating and set a $83.00 price objective on shares of Booz Allen Hamilton in a report on Tuesday, May 26th. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $88.00.
About Booz Allen Hamilton
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.
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