Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC reduced its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,309,347 shares of the business services provider’s stock after selling 32,186 shares during the period. Geode Capital Management LLC owned about 1.82% of Booz Allen Hamilton worth $298,732,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Bogart Wealth LLC boosted its stake in shares of Booz Allen Hamilton by 387.5% during the 4th quarter. Bogart Wealth LLC now owns 195 shares of the business services provider’s stock worth $25,000 after acquiring an additional 155 shares in the last quarter. OFI Invest Asset Management purchased a new position in Booz Allen Hamilton during the fourth quarter worth approximately $25,000. EverSource Wealth Advisors LLC increased its position in shares of Booz Allen Hamilton by 144.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider’s stock valued at $29,000 after buying an additional 134 shares in the last quarter. SRS Capital Advisors Inc. raised its stake in shares of Booz Allen Hamilton by 3,314.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider’s stock worth $31,000 after buying an additional 232 shares during the period. Finally, R Squared Ltd purchased a new position in Booz Allen Hamilton during the fourth quarter valued at $31,000. 91.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on BAH shares. William Blair lowered shares of Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. Raymond James raised Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 price objective for the company in a research note on Monday, February 3rd. JPMorgan Chase & Co. lowered their target price on Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating on the stock in a research note on Monday, February 3rd. The Goldman Sachs Group cut their price target 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. Finally, Barclays raised shares of Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price objective on the stock in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Booz Allen Hamilton has a consensus rating of “Hold” and an average target price of $158.27.

Booz Allen Hamilton Price Performance

BAH stock opened at $109.07 on Friday. The company has a market cap of $13.81 billion, a price-to-earnings ratio of 16.26, a PEG ratio of 1.25 and a beta of 0.58. 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 50 day moving average of $115.43 and a 200-day moving average of $138.70. Booz Allen Hamilton Holding Co. has a 12-month low of $101.05 and a 12-month high of $190.59.

Booz Allen Hamilton (NYSE:BAH) last posted its earnings results on Friday, January 31st. The business services provider reported $1.55 EPS for the quarter, topping 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%. As a group, equities analysts expect that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were given a dividend of $0.55 per share. The ex-dividend date was Friday, February 14th. This represents a $2.20 dividend on an annualized basis and a yield of 2.02%. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.51. Booz Allen Hamilton’s payout ratio is presently 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.