Price T Rowe Associates Inc. MD Sells 1,687,803 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Price T Rowe Associates Inc. MD reduced its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 18.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,343,927 shares of the business services provider's stock after selling 1,687,803 shares during the period. Price T Rowe Associates Inc. MD owned approximately 5.80% of Booz Allen Hamilton worth $945,164,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Dark Forest Capital Management LP acquired a new stake in Booz Allen Hamilton in the fourth quarter valued at approximately $1,963,000. Hsbc Holdings PLC boosted its holdings in Booz Allen Hamilton by 86.5% in the fourth quarter. Hsbc Holdings PLC now owns 144,809 shares of the business services provider's stock valued at $18,592,000 after acquiring an additional 67,178 shares during the last quarter. TD Waterhouse Canada Inc. increased its position in shares of Booz Allen Hamilton by 140.6% during the fourth quarter. TD Waterhouse Canada Inc. now owns 705 shares of the business services provider's stock worth $91,000 after buying an additional 412 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Booz Allen Hamilton by 92.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,599 shares of the business services provider's stock valued at $721,000 after purchasing an additional 2,691 shares during the period. Finally, Trajan Wealth LLC grew its stake in Booz Allen Hamilton by 5.8% during the fourth quarter. Trajan Wealth LLC now owns 1,679 shares of the business services provider's stock worth $216,000 after purchasing an additional 92 shares during the period. Institutional investors own 91.82% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on BAH. Wells Fargo & Company reduced their price target on shares of Booz Allen Hamilton from $164.00 to $148.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Raymond James upgraded shares of Booz Allen Hamilton from a "market perform" rating to an "outperform" rating and set a $150.00 price target for the company in a research note on Monday, February 3rd. William Blair lowered shares of Booz Allen Hamilton from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $109.00 price target (down previously from $150.00) on shares of Booz Allen Hamilton in a research report on Friday, April 11th. Finally, Barclays raised Booz Allen Hamilton from an "underweight" rating to an "equal weight" rating and set a $140.00 price objective for the company in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $146.45.

Booz Allen Hamilton Trading Down 0.1 %

NYSE:BAH traded down $0.11 during mid-day trading on Tuesday, reaching $118.70. 343,413 shares of the company's stock traded hands, compared to its average volume of 1,519,668. Booz Allen Hamilton Holding Co. has a 12-month low of $101.05 and a 12-month high of $190.59. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.57 and a quick ratio of 1.57. The company has a 50 day moving average price of $110.54 and a 200-day moving average price of $132.64. The firm has a market capitalization of $15.03 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 1.25 and a beta of 0.58.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.48 by $0.07. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. On average, sell-side analysts predict that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were given a dividend of $0.55 per share. This is a boost from Booz Allen Hamilton's previous quarterly dividend of $0.51. This represents a $2.20 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date was Friday, February 14th. Booz Allen Hamilton's dividend payout ratio (DPR) is 32.79%.

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.