WCM Investment Management LLC Trims Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

WCM Investment Management LLC decreased its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 34.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,704,376 shares of the business services provider’s stock after selling 1,405,786 shares during the quarter. WCM Investment Management LLC’s holdings in Booz Allen Hamilton were worth $347,134,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Empirical Asset Management LLC purchased a new stake in Booz Allen Hamilton in the fourth quarter valued at $1,900,000. Blue Trust Inc. raised its position in Booz Allen Hamilton by 133.8% in the fourth quarter. Blue Trust Inc. now owns 6,566 shares of the business services provider’s stock valued at $845,000 after purchasing an additional 3,758 shares during the period. Bartlett & CO. Wealth Management LLC raised its position in Booz Allen Hamilton by 1.6% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 539,589 shares of the business services provider’s stock valued at $69,445,000 after purchasing an additional 8,365 shares during the period. DAVENPORT & Co LLC raised its position in Booz Allen Hamilton by 45.6% in the fourth quarter. DAVENPORT & Co LLC now owns 49,798 shares of the business services provider’s stock valued at $6,405,000 after purchasing an additional 15,592 shares during the period. Finally, Cumberland Partners Ltd raised its position in Booz Allen Hamilton by 39.5% in the third quarter. Cumberland Partners Ltd now owns 51,675 shares of the business services provider’s stock valued at $8,411,000 after purchasing an additional 14,620 shares during the period. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. reduced their target price on Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating on the stock in a research report on Monday, February 3rd. StockNews.com downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. Cantor Fitzgerald assumed coverage on Booz Allen Hamilton in a research report on Friday. They issued an “overweight” rating and a $160.00 target price on the stock. Wells Fargo & Company dropped their price objective on Booz Allen Hamilton from $177.00 to $171.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Finally, Truist Financial dropped their price objective on Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a research note on Friday, November 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.91.

Booz Allen Hamilton Trading Down 1.0 %

BAH opened at $127.92 on Friday. Booz Allen Hamilton Holding Co. has a 12 month low of $121.02 and a 12 month high of $190.59. The stock has a market capitalization of $16.20 billion, a price-to-earnings ratio of 19.06, a PEG ratio of 1.46 and a beta of 0.55. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.57 and a quick ratio of 1.56. The business has a fifty day moving average price of $133.96 and a 200 day moving average price of $149.67.

Booz Allen Hamilton (NYSE:BAH) last released its 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 return on equity of 68.97% and a net margin of 7.39%. Sell-side analysts expect that Booz Allen Hamilton Holding Co. will post 6.33 earnings per share for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors 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 1.72%. This is a boost 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 presently 30.40%.

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.