Sumitomo Mitsui DS Asset Management Company Ltd Sells 13,953 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Sumitomo Mitsui DS Asset Management Company Ltd trimmed its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 11.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 111,914 shares of the business services provider’s stock after selling 13,953 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd owned approximately 0.09% of Booz Allen Hamilton worth $14,403,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in BAH. Oppenheimer & Co. Inc. grew its stake in shares of Booz Allen Hamilton by 3.3% in the third quarter. Oppenheimer & Co. Inc. now owns 1,822 shares of the business services provider’s stock valued at $297,000 after buying an additional 59 shares in the last quarter. Moody Aldrich Partners LLC lifted its stake in Booz Allen Hamilton by 4.7% in the fourth quarter. Moody Aldrich Partners LLC now owns 1,660 shares of the business services provider’s stock valued at $214,000 after acquiring an additional 74 shares during the last quarter. Bleakley Financial Group LLC grew its position in shares of Booz Allen Hamilton by 4.3% in the 4th quarter. Bleakley Financial Group LLC now owns 1,816 shares of the business services provider’s stock valued at $234,000 after acquiring an additional 75 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Booz Allen Hamilton by 13.0% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 685 shares of the business services provider’s stock worth $111,000 after purchasing an additional 79 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Booz Allen Hamilton by 2.0% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,160 shares of the business services provider’s stock valued at $535,000 after purchasing an additional 82 shares during the period. 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 $127.92 on Friday. The company has a 50-day simple moving average of $134.36 and a two-hundred day simple moving average of $149.88. Booz Allen Hamilton Holding Co. has a twelve month low of $121.02 and a twelve month high of $190.59. The stock has a market capitalization of $16.20 billion, a price-to-earnings ratio of 19.06, a price-to-earnings-growth ratio of 1.53 and a beta of 0.55. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 2.76.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly 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 net margin of 7.39% and a return on equity of 70.51%. Analysts forecast that Booz Allen Hamilton Holding Co. will post 6.32 EPS for the current year.

Booz Allen Hamilton Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.55 per share. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.51. This represents a $2.20 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend is Friday, February 14th. Booz Allen Hamilton’s dividend payout ratio is 32.79%.

Analysts Set New Price Targets

A number of research firms recently commented on BAH. Cantor Fitzgerald assumed coverage on Booz Allen Hamilton in a report on Friday. They set an “overweight” rating and a $160.00 price target for the company. Raymond James raised Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 target price on the stock in a report on Monday, February 3rd. Barclays raised Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price target for the company in a report on Monday, January 6th. UBS Group began coverage on shares of Booz Allen Hamilton in a report on Monday, December 2nd. They issued a “neutral” rating and a $159.00 price objective on the stock. Finally, StockNews.com cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $158.91.

Booz Allen Hamilton Company Profile

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.