Orion Portfolio Solutions LLC Cuts Stock Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Orion Portfolio Solutions LLC trimmed its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 14.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,652 shares of the business services provider’s stock after selling 3,877 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Booz Allen Hamilton were worth $2,915,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in Booz Allen Hamilton in the fourth quarter valued at approximately $196,578,000. Raymond James Financial Inc. purchased a new stake in shares of Booz Allen Hamilton during the 4th quarter valued at $173,055,000. JPMorgan Chase & Co. boosted its position in shares of Booz Allen Hamilton by 12.5% in the 4th quarter. JPMorgan Chase & Co. now owns 4,518,386 shares of the business services provider’s stock worth $581,516,000 after purchasing an additional 501,725 shares in the last quarter. Teacher Retirement System of Texas grew its stake in Booz Allen Hamilton by 328.1% during the 4th quarter. Teacher Retirement System of Texas now owns 431,043 shares of the business services provider’s stock worth $55,475,000 after buying an additional 330,344 shares during the last quarter. Finally, Van ECK Associates Corp increased its position in 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 in the last quarter. 91.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BAH. Barclays upgraded Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price target on the stock in a research note on Monday, January 6th. William Blair lowered shares of Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. Wells Fargo & Company lowered their price objective on shares of Booz Allen Hamilton from $180.00 to $164.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. StockNews.com downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. Finally, The Goldman Sachs Group lowered their price target on Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Booz Allen Hamilton presently has a consensus rating of “Hold” and an average price target of $158.27.

Booz Allen Hamilton Stock Down 0.4 %

Shares of BAH stock opened at $104.84 on Tuesday. Booz Allen Hamilton Holding Co. has a twelve month low of $101.05 and a twelve month high of $190.59. The stock has a market cap of $13.28 billion, a P/E ratio of 15.63, a P/E/G ratio of 1.25 and a beta of 0.56. The stock has a 50 day moving average of $117.73 and a 200 day moving average of $139.89. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.72.

Booz Allen Hamilton (NYSE:BAH) last posted its 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 net margin of 7.39% and a return on equity of 68.97%. As a group, sell-side analysts expect that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current 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 paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.51. Booz Allen Hamilton’s payout ratio is currently 32.79%.

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.