Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Sold by Congress Asset Management Co.

Congress Asset Management Co. decreased its position in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 11.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 745,163 shares of the business services provider's stock after selling 94,035 shares during the quarter. Congress Asset Management Co. owned 0.59% of Booz Allen Hamilton worth $77,929,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bogart Wealth LLC raised its position in Booz Allen Hamilton by 387.5% in the fourth quarter. Bogart Wealth LLC now owns 195 shares of the business services provider's stock valued at $25,000 after purchasing an additional 155 shares during the period. OFI Invest Asset Management purchased a new stake in shares of Booz Allen Hamilton during the fourth quarter worth $25,000. MassMutual Private Wealth & Trust FSB increased its position in shares of Booz Allen Hamilton by 74.5% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 246 shares of the business services provider's stock worth $26,000 after acquiring an additional 105 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Booz Allen Hamilton by 144.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider's stock worth $29,000 after acquiring an additional 134 shares during the period. Finally, SRS Capital Advisors Inc. increased its position in shares of Booz Allen Hamilton by 3,314.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider's stock worth $31,000 after acquiring an additional 232 shares during the period. Hedge funds and other institutional investors own 91.82% of the company's stock.

Booz Allen Hamilton Stock Performance

Shares of NYSE:BAH traded up $0.98 on Friday, reaching $103.12. The company's stock had a trading volume of 1,691,690 shares, compared to its average volume of 1,668,995. The stock's 50-day moving average is $114.92 and its two-hundred day moving average is $122.38. Booz Allen Hamilton Holding Co. has a 52-week low of $101.05 and a 52-week high of $190.59. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a market capitalization of $12.81 billion, a P/E ratio of 15.37, a PEG ratio of 1.25 and a beta of 0.49.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last announced its earnings results on Friday, May 23rd. The business services provider reported $1.61 EPS for the quarter, beating analysts' consensus estimates of $1.59 by $0.02. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. The business had revenue of $2.97 billion during the quarter, compared to analysts' expectations of $3.03 billion. During the same period in the prior year, the company earned $1.33 earnings per share. The business's revenue was up 7.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current year.

Booz Allen Hamilton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Wednesday, June 11th will be issued a $0.55 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.13%. Booz Allen Hamilton's payout ratio is 30.34%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Raymond James reaffirmed a "market perform" rating on shares of Booz Allen Hamilton in a research report on Friday, May 23rd. William Blair lowered Booz Allen Hamilton from an "outperform" rating to a "market perform" rating in a research report on Friday, February 21st. Wall Street Zen lowered Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. JPMorgan Chase & Co. lowered their target price on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating for the company in a research note on Tuesday, April 15th. Finally, Truist Financial lowered their target price on shares of Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating for the company in a research note on Monday, April 14th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $136.90.

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.