WCM Investment Management LLC Sells 2,680,181 Shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH)

WCM Investment Management LLC reduced its holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 99.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,195 shares of the business services provider's stock after selling 2,680,181 shares during the period. WCM Investment Management LLC's holdings in Booz Allen Hamilton were worth $2,547,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. FIL Ltd increased its position in Booz Allen Hamilton by 63.3% in the 4th quarter. FIL Ltd now owns 153,343 shares of the business services provider's stock worth $19,735,000 after purchasing an additional 59,440 shares during the last quarter. Capital World Investors increased its position in Booz Allen Hamilton by 591.1% in the 4th quarter. Capital World Investors now owns 349,917 shares of the business services provider's stock worth $45,034,000 after purchasing an additional 299,283 shares during the last quarter. Victory Capital Management Inc. increased its position in Booz Allen Hamilton by 281.6% in the 4th quarter. Victory Capital Management Inc. now owns 172,634 shares of the business services provider's stock worth $22,218,000 after purchasing an additional 127,394 shares during the last quarter. Taika Capital LP acquired a new position in Booz Allen Hamilton in the 4th quarter worth about $2,721,000. Finally, Asset Management One Co. Ltd. increased its position in Booz Allen Hamilton by 10.2% in the 1st quarter. Asset Management One Co. Ltd. now owns 52,889 shares of the business services provider's stock worth $5,531,000 after purchasing an additional 4,905 shares during the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on BAH. Barclays dropped their target price on Booz Allen Hamilton from $140.00 to $120.00 and set an "equal weight" rating on the stock in a research report on Wednesday, May 28th. Raymond James Financial reaffirmed a "market perform" rating on shares of Booz Allen Hamilton in a research report on Friday, May 23rd. Truist Financial dropped their target price on Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. UBS Group upped their target price on Booz Allen Hamilton from $120.00 to $135.00 and gave the stock a "neutral" rating in a research report on Monday, May 19th. Finally, The Goldman Sachs Group lowered Booz Allen Hamilton from a "neutral" rating to a "sell" rating and dropped their target price for the stock from $108.00 to $94.00 in a research report on Wednesday, May 28th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $134.64.

Booz Allen Hamilton Stock Down 0.1%

Shares of NYSE BAH traded down $0.15 during mid-day trading on Friday, reaching $108.12. 1,584,440 shares of the company traded hands, compared to its average volume of 1,769,859. The company has a debt-to-equity ratio of 3.90, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a market cap of $13.43 billion, a PE ratio of 14.91, a price-to-earnings-growth ratio of 1.70 and a beta of 0.48. The company's fifty day moving average is $111.51 and its two-hundred day moving average is $116.77. Booz Allen Hamilton Holding Corporation has a fifty-two week low of $98.95 and a fifty-two week high of $190.59.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last announced its 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. Booz Allen Hamilton had a return on equity of 72.35% and a net margin of 7.81%. The firm had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter in the prior year, the company earned $1.33 EPS. The firm's revenue for the quarter was up 7.3% compared to the same quarter last year. On average, analysts expect that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Wednesday, June 11th were paid 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 30.34%.

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.