Renaissance Technologies LLC Trims Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Renaissance Technologies LLC cut its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 4.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 130,294 shares of the business services provider’s stock after selling 5,600 shares during the period. Renaissance Technologies LLC owned about 0.10% of Booz Allen Hamilton worth $20,052,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Price T Rowe Associates Inc. MD lifted its position in shares of Booz Allen Hamilton by 2.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,406,880 shares of the business services provider’s stock valued at $1,544,798,000 after buying an additional 222,884 shares in the last quarter. WCM Investment Management LLC lifted its holdings in Booz Allen Hamilton by 0.5% during the first quarter. WCM Investment Management LLC now owns 4,252,168 shares of the business services provider’s stock valued at $631,192,000 after purchasing an additional 22,708 shares in the last quarter. AGF Management Ltd. boosted its position in shares of Booz Allen Hamilton by 63.4% in the second quarter. AGF Management Ltd. now owns 1,750,610 shares of the business services provider’s stock worth $269,419,000 after purchasing an additional 679,280 shares during the period. American Century Companies Inc. increased its stake in shares of Booz Allen Hamilton by 6.1% in the second quarter. American Century Companies Inc. now owns 1,672,961 shares of the business services provider’s stock worth $257,469,000 after purchasing an additional 96,553 shares in the last quarter. Finally, Axiom Investors LLC DE raised its position in shares of Booz Allen Hamilton by 9.4% during the 4th quarter. Axiom Investors LLC DE now owns 1,185,362 shares of the business services provider’s stock valued at $151,620,000 after purchasing an additional 102,062 shares during the period. Institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Stock Performance

Booz Allen Hamilton stock opened at $157.93 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 3.07. Booz Allen Hamilton Holding Co. has a twelve month low of $106.90 and a twelve month high of $164.43. The company’s 50-day moving average price is $152.10 and its 200-day moving average price is $150.68. The company has a market cap of $20.42 billion, a PE ratio of 34.33, a price-to-earnings-growth ratio of 2.19 and a beta of 0.59.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings data on Friday, July 26th. The business services provider reported $1.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.14). The company had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $2.92 billion. Booz Allen Hamilton had a net margin of 5.57% and a return on equity of 65.80%. On average, equities research analysts forecast that Booz Allen Hamilton Holding Co. will post 5.96 EPS for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date was Wednesday, August 14th. Booz Allen Hamilton’s dividend payout ratio (DPR) is 44.35%.

Insider Activity

In related news, Director Melody C. Barnes sold 1,041 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $143.31, for a total transaction of $149,185.71. Following the transaction, the director now directly owns 18,123 shares in the company, valued at approximately $2,597,207.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.59% of the company’s stock.

Wall Street Analysts Forecast Growth

BAH has been the subject of a number of analyst reports. JPMorgan Chase & Co. increased their price target on Booz Allen Hamilton from $136.00 to $154.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Truist Financial lifted their target price on Booz Allen Hamilton from $140.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday, September 5th. Wells Fargo & Company upgraded Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and dropped their price target for the stock from $168.00 to $165.00 in a research note on Monday, July 29th. Jefferies Financial Group boosted their target price on shares of Booz Allen Hamilton from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Finally, TD Cowen cut their target price on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Monday, July 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Booz Allen Hamilton has a consensus rating of “Moderate Buy” and an average price target of $159.33.

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.