Booz Allen Hamilton Holding Corporation (NYSE:BAH) Shares Sold by Blair William & Co. IL

Key Points

• Blair William & Co. IL reduced its stake in Booz Allen Hamilton by 58.6% in the first quarter, now owning approximately 0.17% of the company valued at $22.2 million after selling over 300,000 shares.
• Institutional investors control 91.82% of Booz Allen Hamilton's stock, with significant increases in holdings from funds like First Trust Advisors and Janus Henderson Group during the fourth quarter.
• Booz Allen Hamilton recently reported earnings of $1.48 per share, exceeding expectations, and announced a quarterly dividend of $0.55 per share with a yield of 2.0%.

Blair William & Co. IL trimmed its stake in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 58.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 212,336 shares of the business services provider's stock after selling 300,466 shares during the period. Blair William & Co. IL owned about 0.17% of Booz Allen Hamilton worth $22,206,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Trust Advisors LP raised its holdings in Booz Allen Hamilton by 15.3% during the 4th quarter. First Trust Advisors LP now owns 2,804,642 shares of the business services provider's stock worth $360,957,000 after buying an additional 371,390 shares during the period. Janus Henderson Group PLC raised its holdings in shares of Booz Allen Hamilton by 179.7% during the fourth quarter. Janus Henderson Group PLC now owns 1,767,129 shares of the business services provider's stock valued at $227,425,000 after acquiring an additional 1,135,426 shares during the period. Bessemer Group Inc. lifted its position in shares of Booz Allen Hamilton by 15.3% in the 1st quarter. Bessemer Group Inc. now owns 1,710,181 shares of the business services provider's stock valued at $178,853,000 after acquiring an additional 226,761 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Booz Allen Hamilton by 61.4% in the 4th quarter. Bank of America Corp DE now owns 1,552,217 shares of the business services provider's stock valued at $199,770,000 after acquiring an additional 590,655 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Booz Allen Hamilton by 15.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,254,345 shares of the business services provider's stock worth $161,434,000 after purchasing an additional 170,934 shares during the period. Institutional investors and hedge funds own 91.82% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Stifel Nicolaus boosted their target price on shares of Booz Allen Hamilton from $112.00 to $119.00 and gave the company a "hold" rating in a research note on Monday, July 28th. UBS Group upped their price target on Booz Allen Hamilton from $115.00 to $119.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Wells Fargo & Company reduced their price objective on Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating for the company in a research note on Friday, May 23rd. Wall Street Zen cut Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Finally, JPMorgan Chase & Co. upped their target price on Booz Allen Hamilton from $115.00 to $122.00 and gave the company an "underweight" rating in a report on Monday, July 28th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Booz Allen Hamilton has an average rating of "Hold" and a consensus target price of $134.00.

Booz Allen Hamilton Stock Up 2.2%

Shares of Booz Allen Hamilton stock opened at $109.72 on Monday. The stock has a 50-day simple moving average of $105.85 and a 200-day simple moving average of $113.67. Booz Allen Hamilton Holding Corporation has a 52-week low of $98.95 and a 52-week high of $190.59. The firm has a market cap of $13.52 billion, a price-to-earnings ratio of 13.48, a P/E/G ratio of 1.72 and a beta of 0.47. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.78 and a quick ratio of 1.78.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its earnings results on Friday, July 25th. The business services provider reported $1.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.45 by $0.03. Booz Allen Hamilton had a net margin of 8.70% and a return on equity of 73.05%. The firm had revenue of $2.92 billion during the quarter, compared to analysts' expectations of $2.96 billion. During the same period in the previous year, the company earned $1.38 earnings per share. The company's revenue was down .6% compared to the same quarter last year. On average, equities research analysts expect that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Thursday, August 14th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, August 14th. Booz Allen Hamilton's dividend payout ratio is presently 27.03%.

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.

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