Wakefield Asset Management LLLP Trims Stock Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Wakefield Asset Management LLLP trimmed its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 1.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 21,445 shares of the business services provider’s stock after selling 393 shares during the period. Wakefield Asset Management LLLP’s holdings in Booz Allen Hamilton were worth $3,300,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in BAH. Opal Wealth Advisors LLC purchased a new position in shares of Booz Allen Hamilton during the 2nd quarter worth $26,000. OFI Invest Asset Management purchased a new position in Booz Allen Hamilton during the second quarter worth about $29,000. Banque Cantonale Vaudoise increased its position in shares of Booz Allen Hamilton by 112.4% during the first quarter. Banque Cantonale Vaudoise now owns 206 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 109 shares during the last quarter. Smithfield Trust Co raised its stake in shares of Booz Allen Hamilton by 87.7% in the 4th quarter. Smithfield Trust Co now owns 259 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 121 shares during the period. Finally, MCF Advisors LLC lifted its holdings in shares of Booz Allen Hamilton by 103.6% in the 1st quarter. MCF Advisors LLC now owns 226 shares of the business services provider’s stock worth $34,000 after acquiring an additional 115 shares during the last quarter. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

Booz Allen Hamilton Stock Down 2.4 %

Shares of Booz Allen Hamilton stock opened at $152.11 on Friday. The company has a market capitalization of $19.67 billion, a P/E ratio of 33.05, a P/E/G ratio of 2.29 and a beta of 0.59. Booz Allen Hamilton Holding Co. has a 52-week low of $106.90 and a 52-week high of $164.43. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 3.07. The company has a 50 day moving average of $151.99 and a 200 day moving average of $150.15.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings data on Friday, July 26th. The business services provider reported $1.38 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.14). Booz Allen Hamilton had a return on equity of 65.80% and a net margin of 5.57%. The firm had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $2.92 billion. As a group, research analysts forecast that Booz Allen Hamilton Holding Co. will post 5.96 EPS for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $2.04 dividend on an annualized basis and a yield of 1.34%. Booz Allen Hamilton’s dividend payout ratio (DPR) is currently 44.35%.

Insider Buying and Selling at Booz Allen Hamilton

In other news, Director Melody C. Barnes sold 1,041 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $143.31, for a total value of $149,185.71. Following the transaction, the director now directly owns 18,123 shares of the company’s stock, valued at approximately $2,597,207.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.59% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on BAH shares. Stifel Nicolaus lifted their target price on shares of Booz Allen Hamilton from $155.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Barclays cut their price objective on Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating on the stock in a report on Tuesday, July 30th. Wells Fargo & Company raised Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and decreased their target price for the stock from $168.00 to $165.00 in a research note on Monday, July 29th. Truist Financial lifted their target price on Booz Allen Hamilton from $140.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday. Finally, TD Cowen reduced their price target on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Monday, July 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $159.33.

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.