DnB Asset Management AS Sells 1,077 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

DnB Asset Management AS trimmed its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 4.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,079 shares of the business services provider’s stock after selling 1,077 shares during the quarter. DnB Asset Management AS’s holdings in Booz Allen Hamilton were worth $3,356,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of BAH. GW&K Investment Management LLC increased its holdings in shares of Booz Allen Hamilton by 0.7% during the fourth quarter. GW&K Investment Management LLC now owns 461,517 shares of the business services provider’s stock worth $59,397,000 after purchasing an additional 3,435 shares during the period. Versor Investments LP bought a new position in Booz Allen Hamilton during the 4th quarter worth $933,000. Bridges Investment Management Inc. raised its holdings in Booz Allen Hamilton by 19.2% in the 4th quarter. Bridges Investment Management Inc. now owns 117,661 shares of the business services provider’s stock valued at $15,143,000 after acquiring an additional 18,930 shares in the last quarter. Cumberland Partners Ltd lifted its position in shares of Booz Allen Hamilton by 92.2% during the 4th quarter. Cumberland Partners Ltd now owns 99,330 shares of the business services provider’s stock valued at $12,784,000 after acquiring an additional 47,655 shares during the period. Finally, Van ECK Associates Corp grew its holdings in shares of Booz Allen Hamilton by 51.7% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on BAH shares. Wells Fargo & Company cut their price objective on shares of 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. The Goldman Sachs Group cut 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. UBS Group initiated coverage on shares of Booz Allen Hamilton in a research note on Monday, December 2nd. They issued a “neutral” rating and a $159.00 price objective on the stock. Cantor Fitzgerald upgraded Booz Allen Hamilton to a “strong-buy” rating in a research note on Tuesday, February 25th. Finally, Barclays upgraded Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price target on the stock in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $158.27.

Booz Allen Hamilton Stock Performance

Shares of BAH stock opened at $104.84 on Tuesday. The business’s 50-day moving average price is $117.73 and its 200-day moving average price is $139.89. Booz Allen Hamilton Holding Co. has a 12 month low of $101.05 and a 12 month high of $190.59. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.72. The firm has a market capitalization of $13.28 billion, a price-to-earnings ratio of 15.63, a PEG ratio of 1.25 and a beta of 0.56.

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

Booz Allen Hamilton Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were given 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 yield of 2.10%. The ex-dividend date of this dividend was Friday, February 14th. Booz Allen Hamilton’s dividend payout ratio (DPR) is currently 32.79%.

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.