Booz Allen Hamilton Holding Corporation (NYSE:BAH) Shares Sold by Virtu Financial LLC

Key Points

• Virtu Financial LLC reduced its stake in Booz Allen Hamilton Holding Corporation by 17.9%, selling 4,008 shares, bringing its total holdings to 18,347 shares valued at approximately $1.92 million.
• In the fourth quarter, other institutional investors significantly increased their positions in Booz Allen Hamilton, with Capital World Investors raising its stake by 591.1%.
• Booz Allen Hamilton announced a quarterly dividend of $0.55 per share, translating to an annualized dividend yield of 2.0%, with the ex-dividend date set for August 14th.

Virtu Financial LLC lowered its stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 17.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,347 shares of the business services provider's stock after selling 4,008 shares during the quarter. Virtu Financial LLC's holdings in Booz Allen Hamilton were worth $1,919,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Entropy Technologies LP lifted its stake in Booz Allen Hamilton by 216.8% in the 1st quarter. Entropy Technologies LP now owns 30,841 shares of the business services provider's stock worth $3,225,000 after purchasing an additional 21,107 shares in the last quarter. Covestor Ltd lifted its stake in Booz Allen Hamilton by 74.0% in the 1st quarter. Covestor Ltd now owns 983 shares of the business services provider's stock worth $103,000 after purchasing an additional 418 shares in the last quarter. Cynosure Group LLC lifted its stake in Booz Allen Hamilton by 33.8% in the 1st quarter. Cynosure Group LLC now owns 2,977 shares of the business services provider's stock worth $311,000 after purchasing an additional 752 shares in the last quarter. Zions Bancorporation National Association UT purchased a new stake in Booz Allen Hamilton in the 1st quarter worth $1,059,000. Finally, Morton Community Bank lifted its stake in Booz Allen Hamilton by 0.7% in the 1st quarter. Morton Community Bank now owns 30,625 shares of the business services provider's stock worth $3,203,000 after purchasing an additional 215 shares in the last quarter. Hedge funds and other institutional investors own 91.82% of the company's stock.

Booz Allen Hamilton Stock Down 0.1%

Shares of BAH traded down $0.14 during mid-day trading on Tuesday, hitting $109.04. The company's stock had a trading volume of 1,950,532 shares, compared to its average volume of 2,098,551. The company's 50-day moving average is $106.48 and its 200-day moving average is $112.51. 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 capitalization of $13.44 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 1.71 and a beta of 0.47. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 3.66.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last announced its quarterly earnings results on Friday, July 25th. The business services provider reported $1.48 earnings per share for the quarter, topping the consensus estimate 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 quarter in the prior year, the company earned $1.38 EPS. The company's revenue was down .6% compared to the same quarter last year. On average, equities research analysts forecast that Booz Allen Hamilton Holding Corporation will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BAH. Truist Financial reduced their target price 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. Barclays cut their price target 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. JPMorgan Chase & Co. boosted their price objective on shares of Booz Allen Hamilton from $115.00 to $122.00 and gave the company an "underweight" rating in a research report on Monday, July 28th. William Blair raised shares of Booz Allen Hamilton from a "market perform" rating to an "outperform" rating in a research report on Monday, July 21st. Finally, Wells Fargo & Company lowered their price objective on shares of Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating for the company in a research report on Friday, May 23rd. Two equities research 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's stock. According to MarketBeat, Booz Allen Hamilton presently has a consensus rating of "Hold" and an average target price of $134.00.

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.