Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Sold by Howard Bailey Securities LLC

Howard Bailey Securities LLC lessened its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 6.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,557 shares of the business services provider’s stock after selling 114 shares during the quarter. Howard Bailey Securities LLC’s holdings in Booz Allen Hamilton were worth $200,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Van ECK Associates Corp boosted its holdings in Booz Allen Hamilton by 51.7% in the fourth quarter. Van ECK Associates Corp now owns 951,605 shares of the business services provider’s stock worth $122,472,000 after purchasing an additional 324,159 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Booz Allen Hamilton by 677.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 24,678 shares of the business services provider’s stock valued at $3,162,000 after acquiring an additional 21,503 shares during the period. Equitable Trust Co. boosted its holdings in shares of Booz Allen Hamilton by 28.6% during the fourth quarter. Equitable Trust Co. now owns 7,825 shares of the business services provider’s stock valued at $1,007,000 after acquiring an additional 1,742 shares during the period. Savant Capital LLC acquired a new position in shares of Booz Allen Hamilton during the fourth quarter valued at $203,000. Finally, Entropy Technologies LP acquired a new position in shares of Booz Allen Hamilton during the fourth quarter valued at $1,253,000. Institutional investors and hedge funds own 91.82% of the company’s stock.

Booz Allen Hamilton Price Performance

Shares of Booz Allen Hamilton stock opened at $121.75 on Thursday. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 2.72. The company’s 50-day moving average price is $132.66 and its two-hundred day moving average price is $149.09. Booz Allen Hamilton Holding Co. has a 52 week low of $120.92 and a 52 week high of $190.59. The stock has a market cap of $15.42 billion, a PE ratio of 18.14, a price-to-earnings-growth ratio of 1.46 and a beta of 0.55.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings data on Friday, January 31st. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping 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, sell-side analysts anticipate that Booz Allen Hamilton Holding Co. will post 6.33 EPS for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.81%. The ex-dividend date is 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 presently 30.40%.

Analyst Upgrades and Downgrades

BAH has been the subject of several analyst reports. Jefferies Financial Group downgraded shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and boosted their price target for the company from $180.00 to $190.00 in a report on Monday, November 4th. Truist Financial reduced their price target on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a report on Friday, November 22nd. UBS Group initiated coverage on shares of Booz Allen Hamilton in a report on Monday, December 2nd. They set a “neutral” rating and a $159.00 price target for the company. The Goldman Sachs Group reduced their price target on shares of Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Finally, Raymond James raised shares of Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 price objective for the company in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $158.91.

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.