Greenleaf Trust Sells 3,211 Shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Greenleaf Trust lowered its stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 60.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,086 shares of the business services provider's stock after selling 3,211 shares during the quarter. Greenleaf Trust's holdings in Booz Allen Hamilton were worth $218,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of BAH. Norges Bank bought a new stake in shares of Booz Allen Hamilton in the 4th quarter valued at $196,578,000. Janus Henderson Group PLC raised its holdings in 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 worth $227,425,000 after buying an additional 1,135,426 shares during the last quarter. Man Group plc raised its holdings in Booz Allen Hamilton by 2,293.2% during the fourth quarter. Man Group plc now owns 1,128,389 shares of the business services provider's stock worth $145,224,000 after buying an additional 1,081,239 shares during the last quarter. Bank of America Corp DE raised its holdings in Booz Allen Hamilton by 61.4% during the fourth quarter. Bank of America Corp DE now owns 1,552,217 shares of the business services provider's stock worth $199,770,000 after buying an additional 590,655 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Booz Allen Hamilton by 1,111.3% during the fourth quarter. Renaissance Technologies LLC now owns 606,794 shares of the business services provider's stock worth $78,094,000 after buying an additional 556,700 shares during the last quarter. Institutional investors own 91.82% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on BAH shares. Barclays lowered their price objective on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an "equal weight" rating on the stock in a report on Wednesday, May 28th. Stifel Nicolaus started coverage on shares of Booz Allen Hamilton in a report on Tuesday, June 24th. They set a "hold" rating and a $112.00 price objective on the stock. Truist Financial lowered their price objective on shares of Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Raymond James Financial restated a "market perform" rating on shares of Booz Allen Hamilton in a report on Friday, May 23rd. Finally, Wall Street Zen downgraded shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Booz Allen Hamilton presently has a consensus rating of "Hold" and an average target price of $134.64.

Booz Allen Hamilton Stock Up 3.3%

Shares of BAH stock traded up $3.51 on Thursday, hitting $108.51. The stock had a trading volume of 231,567 shares, compared to its average volume of 1,798,665. The business has a 50 day moving average of $109.40 and a 200 day moving average of $115.68. The stock has a market cap of $13.48 billion, a price-to-earnings ratio of 14.94, a price-to-earnings-growth ratio of 1.63 and a beta of 0.48. The company has a debt-to-equity ratio of 3.90, a current ratio of 1.79 and a quick ratio of 1.79. Booz Allen Hamilton Holding Corporation has a 12-month low of $98.95 and a 12-month high of $190.59.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its quarterly earnings results on Friday, May 23rd. The business services provider reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.02. The company had revenue of $2.97 billion during the quarter, compared to analyst estimates of $3.03 billion. Booz Allen Hamilton had a net margin of 7.81% and a return on equity of 72.35%. The firm's revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.33 earnings per share. As a group, analysts expect that Booz Allen Hamilton Holding Corporation will post 6.44 EPS for the current year.

Booz Allen Hamilton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Wednesday, June 11th were given a dividend of $0.55 per share. The ex-dividend date was Wednesday, June 11th. This represents a $2.20 annualized dividend and a yield of 2.03%. Booz Allen Hamilton's payout ratio is currently 30.34%.

Booz Allen Hamilton 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.