DAVENPORT & Co LLC Decreases Stock Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

DAVENPORT & Co LLC reduced its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 15.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,003 shares of the business services provider's stock after selling 6,941 shares during the quarter. DAVENPORT & Co LLC's holdings in Booz Allen Hamilton were worth $4,861,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in BAH. Quantbot Technologies LP purchased a new position in Booz Allen Hamilton during the third quarter worth about $1,395,000. Morgan Stanley grew its stake in Booz Allen Hamilton by 4.2% in the 3rd quarter. Morgan Stanley now owns 4,924,570 shares of the business services provider's stock valued at $538,108,000 after purchasing an additional 199,449 shares during the period. DNB Asset Management AS grew its stake in Booz Allen Hamilton by 11.4% in the 4th quarter. DNB Asset Management AS now owns 157,632 shares of the business services provider's stock valued at $20,163,000 after purchasing an additional 16,176 shares during the period. Hsbc Holdings PLC increased its position in shares of Booz Allen Hamilton by 28.5% during the 3rd quarter. Hsbc Holdings PLC now owns 78,201 shares of the business services provider's stock valued at $8,558,000 after purchasing an additional 17,362 shares during the last quarter. Finally, Bamco Inc. NY raised its stake in shares of Booz Allen Hamilton by 19.8% during the 3rd quarter. Bamco Inc. NY now owns 270,328 shares of the business services provider's stock worth $29,539,000 after purchasing an additional 44,604 shares during the period. 91.82% of the stock is owned by institutional investors.

Insider Transactions at Booz Allen Hamilton

In other Booz Allen Hamilton news, COO Kristine Anderson sold 5,068 shares of the stock in a transaction on Friday, January 26th. The shares were sold at an average price of $139.88, for a total transaction of $708,911.84. Following the completion of the sale, the chief operating officer now owns 71,656 shares of the company's stock, valued at approximately $10,023,241.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Horacio Rozanski sold 49,000 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $145.69, for a total value of $7,138,810.00. Following the sale, the chief executive officer now directly owns 557,411 shares of the company's stock, valued at $81,209,208.59. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Kristine Anderson sold 5,068 shares of the firm's stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $139.88, for a total transaction of $708,911.84. Following the sale, the chief operating officer now directly owns 71,656 shares of the company's stock, valued at approximately $10,023,241.28. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 55,568 shares of company stock worth $8,067,487. Insiders own 1.76% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. The Goldman Sachs Group lifted their price objective on shares of Booz Allen Hamilton from $141.00 to $158.00 and gave the stock a "buy" rating in a research report on Monday, January 29th. Wells Fargo & Company upped their price target on shares of Booz Allen Hamilton from $138.00 to $158.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 30th. Barclays cut Booz Allen Hamilton from an "equal weight" rating to an "underweight" rating in a research report on Friday, January 5th. Truist Financial raised their price target on Booz Allen Hamilton from $120.00 to $145.00 and gave the company a "hold" rating in a report on Monday, January 29th. Finally, JPMorgan Chase & Co. boosted their price objective on Booz Allen Hamilton from $120.00 to $136.00 and gave the stock a "neutral" rating in a report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $139.56.

Booz Allen Hamilton Price Performance

Shares of BAH stock traded up $0.48 during trading hours on Friday, hitting $146.83. 655,195 shares of the company's stock were exchanged, compared to its average volume of 630,063. The company has a market capitalization of $19.05 billion, a PE ratio of 47.36, a PEG ratio of 2.02 and a beta of 0.53. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 3.10. Booz Allen Hamilton Holding Co. has a 12-month low of $89.80 and a 12-month high of $150.59. The business's 50 day simple moving average is $146.18 and its 200-day simple moving average is $131.71.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last issued its earnings results on Friday, January 26th. The business services provider reported $1.41 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.28. Booz Allen Hamilton had a net margin of 3.96% and a return on equity of 65.31%. The company had revenue of $2.57 billion for the quarter, compared to analysts' expectations of $2.54 billion. During the same quarter last year, the company earned $1.07 EPS. The firm's revenue was up 12.9% compared to the same quarter last year. On average, equities research analysts anticipate that Booz Allen Hamilton Holding Co. will post 5.41 earnings per share for the current year.

Booz Allen Hamilton Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 12th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Friday, February 9th. This is a positive change from Booz Allen Hamilton's previous quarterly dividend of $0.47. Booz Allen Hamilton's dividend payout ratio is 65.81%.

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 also focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.