Wedge Capital Management L L P NC Cuts Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Wedge Capital Management L L P NC reduced its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 5.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 605,643 shares of the business services provider's stock after selling 38,270 shares during the period. Booz Allen Hamilton makes up approximately 1.4% of Wedge Capital Management L L P NC's holdings, making the stock its 11th biggest holding. Wedge Capital Management L L P NC owned 0.47% of Booz Allen Hamilton worth $77,468,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Janiczek Wealth Management LLC acquired a new stake in shares of Booz Allen Hamilton in the third quarter valued at approximately $25,000. VisionPoint Advisory Group LLC raised its holdings in shares of Booz Allen Hamilton by 75.6% in the third quarter. VisionPoint Advisory Group LLC now owns 274 shares of the business services provider's stock valued at $30,000 after purchasing an additional 118 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Booz Allen Hamilton in the third quarter valued at approximately $31,000. BKM Wealth Management LLC acquired a new stake in shares of Booz Allen Hamilton in the fourth quarter valued at approximately $40,000. Finally, Altshuler Shaham Ltd acquired a new stake in shares of Booz Allen Hamilton in the third quarter valued at approximately $53,000. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Booz Allen Hamilton

In related news, CFO Matthew Calderone sold 1,500 shares of the company's stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $146.51, for a total value of $219,765.00. Following the transaction, the chief financial officer now directly owns 25,462 shares in the company, valued at $3,730,437.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Matthew Calderone sold 1,500 shares of the company's stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $146.51, for a total value of $219,765.00. Following the transaction, the chief financial officer now directly owns 25,462 shares in the company, valued at $3,730,437.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Kristine Anderson sold 5,068 shares of the company's stock in a transaction dated Friday, January 26th. The stock was 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 three months, insiders have sold 55,568 shares of company stock worth $8,067,487. Corporate insiders own 1.76% of the company's stock.

Booz Allen Hamilton Stock Performance

Shares of NYSE:BAH traded up $0.87 on Monday, hitting $143.01. The company had a trading volume of 499,634 shares, compared to its average volume of 618,630. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 3.10. The stock has a 50 day moving average price of $145.98 and a 200 day moving average price of $134.47. Booz Allen Hamilton Holding Co. has a 1-year low of $89.80 and a 1-year high of $150.59. The stock has a market cap of $18.56 billion, a price-to-earnings ratio of 46.13, a P/E/G ratio of 1.93 and a beta of 0.53.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last released its quarterly earnings results on Friday, January 26th. The business services provider reported $1.41 EPS for the quarter, beating the consensus estimate 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 business had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same period in the prior year, the company posted $1.07 earnings per share. Booz Allen Hamilton's revenue was up 12.9% compared to the same quarter last year. Analysts expect that Booz Allen Hamilton Holding Co. will post 5.39 EPS for the current year.

Booz Allen Hamilton Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 12th were paid a $0.51 dividend. The ex-dividend date of this dividend was Friday, February 9th. This is an increase from Booz Allen Hamilton's previous quarterly dividend of $0.47. This represents a $2.04 annualized dividend and a dividend yield of 1.43%. Booz Allen Hamilton's dividend payout ratio is 65.81%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BAH. JPMorgan Chase & Co. raised their target price on shares of Booz Allen Hamilton from $120.00 to $136.00 and gave the company a "neutral" rating in a research note on Tuesday, February 6th. Truist Financial raised their target price on shares of Booz Allen Hamilton from $120.00 to $145.00 and gave the company a "hold" rating in a research note on Monday, January 29th. The Goldman Sachs Group raised their target price on shares of Booz Allen Hamilton from $141.00 to $158.00 and gave the company a "buy" rating in a research note on Monday, January 29th. Wells Fargo & Company lifted their price objective on shares of Booz Allen Hamilton from $138.00 to $158.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 30th. Finally, Jefferies Financial Group upped their price objective on shares of Booz Allen Hamilton from $150.00 to $170.00 and gave the company a "buy" rating in a report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $145.11.

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