Sumitomo Mitsui DS Asset Management Company Ltd Sells 13,953 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Sumitomo Mitsui DS Asset Management Company Ltd cut its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 11.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 111,914 shares of the business services provider’s stock after selling 13,953 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Booz Allen Hamilton were worth $14,403,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Oppenheimer & Co. Inc. lifted its position in shares of 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 stake in Booz Allen Hamilton by 4.7% during the fourth quarter. Moody Aldrich Partners LLC now owns 1,660 shares of the business services provider’s stock worth $214,000 after acquiring an additional 74 shares in the last quarter. Bleakley Financial Group LLC lifted its holdings in shares of Booz Allen Hamilton by 4.3% in the fourth quarter. Bleakley Financial Group LLC now owns 1,816 shares of the business services provider’s stock worth $234,000 after acquiring an additional 75 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Booz Allen Hamilton by 13.0% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 685 shares of the business services provider’s stock valued at $111,000 after purchasing an additional 79 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of 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 valued at $535,000 after purchasing an additional 82 shares during the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. The Goldman Sachs Group dropped their price objective on shares of Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Jefferies Financial Group lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $180.00 to $190.00 in a research report on Monday, November 4th. TD Cowen dropped their target price on Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. JPMorgan Chase & Co. reduced their price target 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. Finally, Raymond James upgraded shares of Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 price objective for the company in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $158.91.

Booz Allen Hamilton Stock Performance

Shares of BAH stock opened at $127.92 on Friday. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.56 and a quick ratio of 1.56. Booz Allen Hamilton Holding Co. has a one year low of $121.02 and a one year high of $190.59. The business’s 50 day simple moving average is $134.36 and its 200 day simple moving average is $149.88. The stock has a market capitalization of $16.20 billion, a PE ratio of 19.06, a PEG ratio of 1.53 and a beta of 0.55.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings data on Friday, January 31st. The business services provider reported $1.55 earnings per share 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 70.51%. As a group, research analysts forecast that Booz Allen Hamilton Holding Co. will post 6.32 earnings per share for the current year.

Booz Allen Hamilton Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.72%. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Friday, February 14th. Booz Allen Hamilton’s payout ratio is currently 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.