Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank reduced its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 5.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 53,653 shares of the business services provider’s stock after selling 2,855 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Booz Allen Hamilton were worth $6,905,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in BAH. Atria Investments Inc increased its stake in Booz Allen Hamilton by 2.1% in the third quarter. Atria Investments Inc now owns 21,213 shares of the business services provider’s stock valued at $3,453,000 after purchasing an additional 446 shares during the last quarter. Apollon Wealth Management LLC increased its stake in Booz Allen Hamilton by 5.5% during the third quarter. Apollon Wealth Management LLC now owns 1,663 shares of the business services provider’s stock worth $271,000 after acquiring an additional 86 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in Booz Allen Hamilton during the third quarter worth about $651,000. MQS Management LLC acquired a new stake in Booz Allen Hamilton during the third quarter worth about $226,000. Finally, Oppenheimer & Co. Inc. increased its stake in Booz Allen Hamilton by 3.3% during the third quarter. Oppenheimer & Co. Inc. now owns 1,822 shares of the business services provider’s stock worth $297,000 after acquiring an additional 59 shares during the last quarter. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on BAH shares. The Goldman Sachs Group dropped their price target on 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. UBS Group started coverage on Booz Allen Hamilton in a research note on Monday, December 2nd. They set a “neutral” rating and a $159.00 price target for the company. Raymond James upgraded 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. William Blair lowered Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. Finally, JPMorgan Chase & Co. dropped their price target on Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating for the company in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $158.27.

Booz Allen Hamilton Price Performance

Shares of NYSE BAH opened at $111.31 on Friday. The company has a market capitalization of $14.10 billion, a price-to-earnings ratio of 16.59, a PEG ratio of 1.25 and a beta of 0.56. Booz Allen Hamilton Holding Co. has a 1-year low of $101.82 and a 1-year high of $190.59. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.57 and a quick ratio of 1.57. The business has a 50-day moving average of $124.13 and a 200-day moving average of $144.24.

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, 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%. On average, equities analysts anticipate that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were issued a $0.55 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.20 dividend on an annualized basis and a yield of 1.98%. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.51. Booz Allen Hamilton’s dividend payout ratio is currently 32.79%.

About Booz Allen Hamilton

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.