Voya Investment Management LLC Decreases Stock Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Voya Investment Management LLC trimmed its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 68.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 595,784 shares of the business services provider's stock after selling 1,285,123 shares during the period. Voya Investment Management LLC owned 0.47% of Booz Allen Hamilton worth $76,677,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in BAH. Bogart Wealth LLC lifted its holdings in shares of Booz Allen Hamilton by 387.5% during the 4th quarter. Bogart Wealth LLC now owns 195 shares of the business services provider's stock worth $25,000 after acquiring an additional 155 shares during the period. OFI Invest Asset Management bought a new position in Booz Allen Hamilton in the fourth quarter valued at about $25,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Booz Allen Hamilton by 144.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider's stock worth $29,000 after acquiring an additional 134 shares during the last quarter. SRS Capital Advisors Inc. grew its holdings in shares of Booz Allen Hamilton by 3,314.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider's stock valued at $31,000 after purchasing an additional 232 shares during the last quarter. Finally, R Squared Ltd bought a new stake in shares of Booz Allen Hamilton during the 4th quarter valued at approximately $31,000. Institutional investors own 91.82% of the company's stock.

Booz Allen Hamilton Stock Up 0.2 %

NYSE:BAH traded up $0.23 during trading hours on Wednesday, hitting $119.53. 408,160 shares of the company traded hands, compared to its average volume of 1,522,470. Booz Allen Hamilton Holding Co. has a one year low of $101.05 and a one year high of $190.59. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 2.72. The firm's 50-day simple moving average is $110.66 and its 200-day simple moving average is $132.55. The company has a market cap of $15.14 billion, a PE ratio of 17.81, 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 results on Friday, January 31st. The business services provider reported $1.55 EPS for the quarter, beating analysts' consensus estimates of $1.48 by $0.07. Booz Allen Hamilton had a return on equity of 68.97% and a net margin of 7.39%. Equities 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date was Friday, February 14th. This is an increase from Booz Allen Hamilton's previous quarterly dividend of $0.51. Booz Allen Hamilton's dividend payout ratio (DPR) is 32.79%.

Wall Street Analyst Weigh In

BAH has been the subject of several research analyst reports. TD Cowen lowered their price target on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a "buy" rating for the company in a report on Wednesday, January 8th. Barclays raised shares of Booz Allen Hamilton from an "underweight" rating to an "equal weight" rating and set a $140.00 target price on the stock in a report on Monday, January 6th. Raymond James raised 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. Wells Fargo & Company reduced their price target on Booz Allen Hamilton from $164.00 to $148.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, Truist Financial lowered their price objective on Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating for the company in a research report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Booz Allen Hamilton currently has an average rating of "Hold" and a consensus price target of $146.45.

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.