Bank OZK Reduces Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Bank OZK reduced its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 1.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,602 shares of the business services provider’s stock after selling 107 shares during the period. Bank OZK’s holdings in Booz Allen Hamilton were worth $850,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Versor Investments LP acquired a new position in shares of Booz Allen Hamilton in the fourth quarter worth about $933,000. Cumberland Partners Ltd raised its position in shares of Booz Allen Hamilton by 92.2% in the 4th quarter. Cumberland Partners Ltd now owns 99,330 shares of the business services provider’s stock valued at $12,784,000 after purchasing an additional 47,655 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Booz Allen Hamilton by 51.7% during the 4th quarter. Van ECK Associates Corp now owns 951,605 shares of the business services provider’s stock valued at $122,472,000 after buying an additional 324,159 shares during the last quarter. Empirical Asset Management LLC acquired a new stake in shares of Booz Allen Hamilton during the fourth quarter worth approximately $1,900,000. Finally, Alberta Investment Management Corp bought a new stake in shares of Booz Allen Hamilton in the fourth quarter worth $3,784,000. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Booz Allen Hamilton Price Performance

Shares of NYSE:BAH opened at $106.06 on Friday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 2.72. Booz Allen Hamilton Holding Co. has a fifty-two week low of $104.05 and a fifty-two week high of $190.59. The firm has a 50-day simple moving average of $127.82 and a 200 day simple moving average of $146.82. The company has a market cap of $13.43 billion, a PE ratio of 15.81, a P/E/G ratio of 1.25 and a beta of 0.55.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings data on Friday, January 31st. The business services provider reported $1.55 earnings per share for the quarter, beating 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, sell-side analysts anticipate that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current year.

Booz Allen Hamilton Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be given a $0.55 dividend. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.51. The ex-dividend date is Friday, February 14th. This represents a $2.20 annualized dividend and a yield of 2.07%. Booz Allen Hamilton’s dividend payout ratio is 32.79%.

Analysts Set New Price Targets

A number of research analysts have commented on BAH shares. Wells Fargo & Company reduced their price objective on shares of Booz Allen Hamilton from $180.00 to $164.00 and set an “overweight” rating on the stock in a research note on Wednesday. Truist Financial cut their target price on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating on the stock in a research note on Friday, November 22nd. JPMorgan Chase & Co. cut their target price on shares of Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating on the stock in a research note on Monday, February 3rd. TD Cowen cut their target price 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. Finally, Jefferies Financial Group lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and upped their target price for the company from $180.00 to $190.00 in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $158.27.

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.