Petra Financial Advisors Inc. Has $630,000 Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Petra Financial Advisors Inc. trimmed its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 2.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,897 shares of the business services provider’s stock after selling 139 shares during the quarter. Petra Financial Advisors Inc.’s holdings in Booz Allen Hamilton were worth $630,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in Booz Allen Hamilton in the 4th quarter worth approximately $173,055,000. Van ECK Associates Corp raised its stake in shares of Booz Allen Hamilton by 51.7% in the fourth quarter. Van ECK Associates Corp now owns 951,605 shares of the business services provider’s stock valued at $122,472,000 after purchasing an additional 324,159 shares in the last quarter. Westfield Capital Management Co. LP acquired a new position in shares of Booz Allen Hamilton in the third quarter valued at $48,349,000. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Booz Allen Hamilton by 28.5% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,288,101 shares of the business services provider’s stock valued at $209,651,000 after purchasing an additional 285,621 shares in the last quarter. Finally, Los Angeles Capital Management LLC grew its position in Booz Allen Hamilton by 878.1% in the fourth quarter. Los Angeles Capital Management LLC now owns 243,882 shares of the business services provider’s stock valued at $31,388,000 after acquiring an additional 218,949 shares during the period. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Booz Allen Hamilton Trading Up 2.6 %

Shares of BAH opened at $115.18 on Tuesday. 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 12-month low of $101.82 and a 12-month high of $190.59. The firm has a market capitalization of $14.59 billion, a PE ratio of 17.17, a price-to-earnings-growth ratio of 1.25 and a beta of 0.56. The stock’s fifty day simple moving average is $123.08 and its 200-day simple moving average is $143.26.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts predict that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.91%. The ex-dividend date was Friday, February 14th. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.51. Booz Allen Hamilton’s dividend payout ratio is 32.79%.

Analysts Set New Price Targets

BAH has been the topic of a number of analyst reports. Raymond James upgraded Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 price target on the stock in a research report on Monday, February 3rd. StockNews.com cut Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. The Goldman Sachs Group lowered their price target on Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Cantor Fitzgerald upgraded Booz Allen Hamilton to a “strong-buy” rating in a research report on Tuesday, February 25th. Finally, Truist Financial decreased their target price on Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating on the stock in a report on Friday, November 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus 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.