Sit Investment Associates Inc. Trims Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Sit Investment Associates Inc. decreased its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 5.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,970 shares of the business services provider’s stock after selling 3,905 shares during the period. Sit Investment Associates Inc. owned 0.06% of Booz Allen Hamilton worth $9,520,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd purchased a new stake in Booz Allen Hamilton in the 4th quarter valued at $2,028,000. Oarsman Capital Inc. boosted its stake in shares of Booz Allen Hamilton by 146.8% during the fourth quarter. Oarsman Capital Inc. now owns 459 shares of the business services provider’s stock worth $59,000 after buying an additional 273 shares during the period. Resona Asset Management Co. Ltd. purchased a new position in shares of Booz Allen Hamilton during the fourth quarter worth about $5,604,000. Landscape Capital Management L.L.C. acquired a new position in Booz Allen Hamilton in the 4th quarter valued at about $912,000. Finally, DF Dent & Co. Inc. raised its stake in Booz Allen Hamilton by 2.3% during the 4th quarter. DF Dent & Co. Inc. now owns 6,237 shares of the business services provider’s stock valued at $803,000 after acquiring an additional 139 shares during the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. dropped their target price on Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating on the stock in a report on Monday, February 3rd. Cantor Fitzgerald upgraded shares of Booz Allen Hamilton to a “strong-buy” rating in a research note on Tuesday, February 25th. TD Cowen dropped their price target on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. William Blair cut Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. Finally, The Goldman Sachs Group reduced their target price on Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating for the company in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Booz Allen Hamilton presently has an average rating of “Hold” and a consensus target price of $158.27.

Booz Allen Hamilton Trading Down 2.4 %

NYSE:BAH opened at $109.07 on Friday. Booz Allen Hamilton Holding Co. has a 52-week low of $101.05 and a 52-week 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 stock has a fifty day simple moving average of $115.43 and a 200-day simple moving average of $138.70. The company has a market capitalization of $13.81 billion, a PE ratio of 16.26, a price-to-earnings-growth ratio of 1.25 and a beta of 0.58.

Booz Allen Hamilton (NYSE:BAH) last announced its earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping 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, equities research analysts expect that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.02%. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Friday, February 14th. Booz Allen Hamilton’s payout ratio is 32.79%.

Booz Allen Hamilton Company 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.