Congress Asset Management Co. Sells 91,849 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Congress Asset Management Co. trimmed its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 9.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 839,198 shares of the business services provider’s stock after selling 91,849 shares during the period. Congress Asset Management Co. owned about 0.66% of Booz Allen Hamilton worth $108,005,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Oppenheimer & Co. Inc. raised its position in Booz Allen Hamilton by 3.3% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 1,822 shares of the business services provider’s stock worth $297,000 after buying an additional 59 shares during the last quarter. Moody Aldrich Partners LLC raised its position in Booz Allen Hamilton by 4.7% during the 4th quarter. Moody Aldrich Partners LLC now owns 1,660 shares of the business services provider’s stock worth $214,000 after buying an additional 74 shares during the last quarter. Bleakley Financial Group LLC raised its position in Booz Allen Hamilton by 4.3% during the 4th quarter. Bleakley Financial Group LLC now owns 1,816 shares of the business services provider’s stock worth $234,000 after buying an additional 75 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in Booz Allen Hamilton by 2.0% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,160 shares of the business services provider’s stock worth $535,000 after buying an additional 82 shares during the last quarter. Finally, Apollon Wealth Management LLC raised its position in Booz Allen Hamilton by 5.5% during the 3rd quarter. Apollon Wealth Management LLC now owns 1,663 shares of the business services provider’s stock worth $271,000 after buying an additional 86 shares during the last quarter. 91.82% of the stock is currently owned by institutional investors.

Booz Allen Hamilton Price Performance

Shares of NYSE BAH opened at $117.68 on Friday. The firm has a market cap of $14.90 billion, a PE ratio of 17.54, a PEG ratio of 1.46 and a beta of 0.55. The firm has a fifty day moving average of $131.60 and a 200 day moving average of $148.75. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.56 and a current ratio of 1.57. Booz Allen Hamilton Holding Co. has a one year low of $115.97 and a one year high of $190.59.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 EPS for the quarter, topping the consensus estimate of $1.48 by $0.07. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. As a group, research analysts predict that Booz Allen Hamilton Holding Co. will post 6.33 EPS for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Friday, February 14th. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.51. Booz Allen Hamilton’s payout ratio is 32.79%.

Analyst Ratings Changes

BAH has been the subject of a number of recent research reports. Truist Financial reduced their price target on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a research report on Friday, November 22nd. UBS Group assumed coverage on shares of Booz Allen Hamilton in a report on Monday, December 2nd. They set a “neutral” rating and a $159.00 target price for the company. StockNews.com lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. cut their target price on shares of Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating for the company in a report on Monday, February 3rd. Finally, Cantor Fitzgerald assumed coverage on shares of Booz Allen Hamilton in a report on Friday, February 7th. They set an “overweight” rating and a $160.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $158.91.

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.