HighTower Advisors LLC Decreases Stock Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

HighTower Advisors LLC reduced its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 0.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 57,773 shares of the business services provider’s stock after selling 97 shares during the period. HighTower Advisors LLC’s holdings in Booz Allen Hamilton were worth $7,435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the stock. S&CO Inc. grew its position in shares of Booz Allen Hamilton by 3.5% in the fourth quarter. S&CO Inc. now owns 5,890 shares of the business services provider’s stock valued at $758,000 after purchasing an additional 200 shares in the last quarter. Independent Advisor Alliance grew its position in shares of Booz Allen Hamilton by 3.0% in the fourth quarter. Independent Advisor Alliance now owns 6,757 shares of the business services provider’s stock valued at $870,000 after purchasing an additional 198 shares in the last quarter. Daiwa Securities Group Inc. grew its position in shares of Booz Allen Hamilton by 110.3% in the fourth quarter. Daiwa Securities Group Inc. now owns 20,594 shares of the business services provider’s stock valued at $2,650,000 after purchasing an additional 10,800 shares in the last quarter. Taika Capital LP purchased a new position in shares of Booz Allen Hamilton in the fourth quarter valued at $2,721,000. Finally, AlphaQuest LLC grew its position in shares of Booz Allen Hamilton by 224.7% in the fourth quarter. AlphaQuest LLC now owns 4,662 shares of the business services provider’s stock valued at $600,000 after purchasing an additional 3,226 shares in the last quarter. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

Booz Allen Hamilton Trading Up 1.0 %

Shares of BAH stock opened at $116.52 on Wednesday. Booz Allen Hamilton Holding Co. has a 12-month low of $101.82 and a 12-month high of $190.59. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 2.72. The business has a 50-day moving average price of $122.83 and a two-hundred day moving average price of $142.96. The firm has a market cap of $14.76 billion, a P/E ratio of 17.37, a price-to-earnings-growth ratio of 1.25 and a beta of 0.56.

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

Booz Allen Hamilton Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date was Friday, February 14th. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.51. Booz Allen Hamilton’s payout ratio is 32.79%.

Wall Street Analyst Weigh In

Several research firms recently commented on BAH. The Goldman Sachs Group reduced their target price on Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Truist Financial reduced their target price on Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a research report on Friday, November 22nd. JPMorgan Chase & Co. reduced their target price on Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating for the company in a research report on Monday, February 3rd. Barclays upgraded Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 target price for the company in a research report on Monday, January 6th. Finally, Wells Fargo & Company reduced their target price on Booz Allen Hamilton from $180.00 to $164.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus 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.