Colony Group LLC lowered its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 4.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,394 shares of the business services provider’s stock after selling 1,918 shares during the quarter. Colony Group LLC’s holdings in Booz Allen Hamilton were worth $2,802,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the business. Standard Life Aberdeen plc lifted its position in shares of Booz Allen Hamilton by 56.3% in the 4th quarter. Standard Life Aberdeen plc now owns 15,676 shares of the business services provider’s stock worth $1,116,000 after acquiring an additional 5,648 shares during the period. Resonant Capital Advisors LLC acquired a new stake in Booz Allen Hamilton in the 4th quarter valued at $284,000. Psagot Investment House Ltd. bought a new stake in Booz Allen Hamilton in the fourth quarter valued at $839,000. Caxton Associates LP raised its stake in Booz Allen Hamilton by 56.4% during the fourth quarter. Caxton Associates LP now owns 8,416 shares of the business services provider’s stock worth $599,000 after acquiring an additional 3,034 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in Booz Allen Hamilton during the fourth quarter worth $3,514,000. Institutional investors own 92.55% of the company’s stock.
Several brokerages have recently commented on BAH. Wells Fargo & Co upgraded shares of Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and set a $81.00 target price on the stock in a research note on Tuesday, March 3rd. Bank of America upgraded shares of Booz Allen Hamilton from an “underperform” rating to a “buy” rating and set a $85.00 target price for the company in a research report on Friday, March 20th. Finally, Raymond James lifted their price target on shares of Booz Allen Hamilton from $80.00 to $84.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $79.18.
In related news, EVP Christopher Ling sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $74.00, for a total value of $1,480,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Susan L. Penfield sold 43,194 shares of the firm’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $72.65, for a total value of $3,138,044.10. The disclosure for this sale can be found here. Insiders have sold 135,169 shares of company stock worth $10,260,071 over the last three months. 2.60% of the stock is owned by insiders.
NYSE:BAH opened at $65.13 on Thursday. The firm has a market cap of $8.86 billion, a PE ratio of 21.35, a price-to-earnings-growth ratio of 1.68 and a beta of 0.97. Booz Allen Hamilton Holding Co. has a 12 month low of $54.37 and a 12 month high of $82.00. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 2.51. The company’s 50-day moving average price is $72.02 and its two-hundred day moving average price is $72.51.
Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings results on Friday, January 31st. The business services provider reported $0.80 EPS for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.04. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.82 billion. Booz Allen Hamilton had a net margin of 5.96% and a return on equity of 54.84%. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.72 earnings per share. On average, research analysts expect that Booz Allen Hamilton Holding Co. will post 3.15 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.90%. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.27. The ex-dividend date was Thursday, February 13th. Booz Allen Hamilton’s dividend payout ratio is presently 44.93%.
Booz Allen Hamilton Company Profile
Booz Allen Hamilton Holding Corporation provides management and technology consulting, engineering, analytics, digital, mission operations, and cyber solutions to governments, corporations, and not-for-profit organizations in the United States and internationally. The company offers consulting solutions for various domains, business strategies, human capital, and operations.
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