Booz Allen Hamilton Holding Co. (NYSE:BAH) Stock Position Lowered by Intech Investment Management LLC

Intech Investment Management LLC lessened its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 44.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,635 shares of the business services provider’s stock after selling 18,599 shares during the quarter. Intech Investment Management LLC’s holdings in Booz Allen Hamilton were worth $3,637,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in BAH. Nomura Asset Management Co. Ltd. lifted its position in shares of Booz Allen Hamilton by 6.5% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 32,950 shares of the business services provider’s stock valued at $4,215,000 after acquiring an additional 2,000 shares in the last quarter. Hsbc Holdings PLC lifted its position in Booz Allen Hamilton by 32.3% in the 4th quarter. Hsbc Holdings PLC now owns 103,466 shares of the business services provider’s stock worth $13,224,000 after buying an additional 25,265 shares in the last quarter. Hilltop Holdings Inc. purchased a new stake in Booz Allen Hamilton in the 4th quarter worth approximately $540,000. Parallel Advisors LLC lifted its position in Booz Allen Hamilton by 8.5% in the 4th quarter. Parallel Advisors LLC now owns 9,044 shares of the business services provider’s stock worth $1,157,000 after buying an additional 711 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. lifted its position in Booz Allen Hamilton by 9.8% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 520,277 shares of the business services provider’s stock worth $66,549,000 after buying an additional 46,298 shares in the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Stock Performance

Shares of BAH opened at $157.89 on Monday. The company has a market capitalization of $20.42 billion, a PE ratio of 34.32, a price-to-earnings-growth ratio of 2.19 and a beta of 0.59. Booz Allen Hamilton Holding Co. has a one year low of $106.90 and a one year high of $164.43. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.55 and a quick ratio of 1.55. The company’s fifty day moving average price is $152.10 and its 200 day moving average price is $150.71.

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

Booz Allen Hamilton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 14th were issued a $0.51 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $2.04 annualized dividend and a yield of 1.29%. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 44.35%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on BAH shares. Barclays cut their target price on shares of Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating for the company in a research report on Tuesday, July 30th. 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 report on Monday, July 29th. Truist Financial increased their target price on shares of Booz Allen Hamilton from $140.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday, September 5th. JPMorgan Chase & Co. increased their target price on shares of Booz Allen Hamilton from $136.00 to $154.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Finally, Wells Fargo & Company upgraded shares of Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and cut their price target for the company from $168.00 to $165.00 in a report on Monday, July 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $159.33.

Insider Buying and Selling

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

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.