Parallel Advisors LLC Has $2.60 Million Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Parallel Advisors LLC decreased its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 0.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,171 shares of the business services provider’s stock after selling 111 shares during the quarter. Parallel Advisors LLC’s holdings in Booz Allen Hamilton were worth $2,596,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Geode Capital Management LLC raised its position in Booz Allen Hamilton by 2.5% in the third quarter. Geode Capital Management LLC now owns 2,341,533 shares of the business services provider’s stock worth $381,898,000 after purchasing an additional 58,038 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Booz Allen Hamilton in the 4th quarter valued at approximately $173,055,000. Bank Julius Baer & Co. Ltd Zurich raised its holdings in shares of Booz Allen Hamilton by 11.8% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,342,528 shares of the business services provider’s stock worth $184,347,000 after buying an additional 141,541 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Booz Allen Hamilton by 28.5% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,288,101 shares of the business services provider’s stock worth $209,651,000 after buying an additional 285,621 shares during the period. Finally, Eagle Asset Management Inc. boosted its stake in Booz Allen Hamilton by 3.6% in the 3rd quarter. Eagle Asset Management Inc. now owns 957,300 shares of the business services provider’s stock valued at $155,810,000 after buying an additional 32,897 shares in the last quarter. 91.82% of the stock is owned by institutional investors.

Booz Allen Hamilton Price Performance

Shares of BAH stock opened at $115.18 on Tuesday. The firm has a market cap of $14.59 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 1.25 and a beta of 0.56. Booz Allen Hamilton Holding Co. has a 12 month low of $101.82 and a 12 month high of $190.59. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 2.72. The stock has a 50-day moving average price of $123.08 and a 200 day moving average price of $143.26.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share for the quarter, topping 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%. Research analysts expect that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current year.

Booz Allen Hamilton Increases Dividend

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

Wall Street Analyst Weigh In

BAH has been the subject of several recent analyst reports. Raymond James upgraded Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 price objective for the company in a research note on Monday, February 3rd. JPMorgan Chase & Co. cut their price target on shares of Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating for the company in a report on Monday, February 3rd. William Blair lowered shares of Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. Barclays upgraded shares of Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 target price for the company in a research note on Monday, January 6th. Finally, Wells Fargo & Company decreased their price target on Booz Allen Hamilton from $180.00 to $164.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Booz Allen Hamilton has a consensus rating of “Hold” and an average price target of $158.27.

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.