Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC trimmed its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 28.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 166,769 shares of the business services provider’s stock after selling 65,404 shares during the quarter. William Blair Investment Management LLC owned about 0.13% of Booz Allen Hamilton worth $21,463,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in BAH. Raymond James Financial Inc. acquired a new stake in Booz Allen Hamilton during the 4th quarter worth approximately $173,055,000. Van ECK Associates Corp lifted its position in 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 acquiring an additional 324,159 shares during the period. Westfield Capital Management Co. LP acquired a new stake in Booz Allen Hamilton during the 3rd quarter worth approximately $48,349,000. Caisse DE Depot ET Placement DU Quebec lifted its position in Booz Allen Hamilton by 28.5% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,288,101 shares of the business services provider’s stock worth $209,651,000 after acquiring an additional 285,621 shares during the period. Finally, Los Angeles Capital Management LLC lifted its position in Booz Allen Hamilton by 878.1% during the 4th quarter. Los Angeles Capital Management LLC now owns 243,882 shares of the business services provider’s stock worth $31,388,000 after acquiring an additional 218,949 shares during the period. 91.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BAH. The Goldman Sachs Group cut their target price on Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. UBS Group began coverage on Booz Allen Hamilton in a research note on Monday, December 2nd. They set a “neutral” rating and a $159.00 target price for the company. Cantor Fitzgerald raised Booz Allen Hamilton to a “strong-buy” rating in a research note on Tuesday, February 25th. Raymond James raised Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 target price for the company in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. cut their target price on Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating for the company in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $158.27.

Booz Allen Hamilton Stock Performance

NYSE BAH opened at $116.52 on Wednesday. Booz Allen Hamilton Holding Co. has a 1-year low of $101.82 and a 1-year high of $190.59. The company has a market capitalization of $14.76 billion, a P/E ratio of 17.37, a PEG ratio of 1.25 and a beta of 0.56. The business has a 50 day moving average price of $122.83 and a 200 day moving average price of $142.96. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.57 and a quick ratio of 1.57.

Booz Allen Hamilton (NYSE:BAH) last announced its earnings results on Friday, January 31st. The business services provider reported $1.55 EPS 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%. Sell-side analysts expect 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. Shareholders of record on Friday, February 14th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date was Friday, February 14th. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.51. Booz Allen Hamilton’s dividend payout ratio is 32.79%.

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.