Headlands Technologies LLC Cuts Stock Holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Headlands Technologies LLC reduced its position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 92.0% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 551 shares of the business services provider’s stock after selling 6,360 shares during the period. Headlands Technologies LLC’s holdings in Booz Allen Hamilton were worth $58,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of BAH. Janus Henderson Group PLC increased its stake in Booz Allen Hamilton by 179.7% during the 4th quarter. Janus Henderson Group PLC now owns 1,767,129 shares of the business services provider’s stock worth $227,425,000 after buying an additional 1,135,426 shares in the last quarter. Man Group plc grew its position in shares of Booz Allen Hamilton by 2,293.2% in the fourth quarter. Man Group plc now owns 1,128,389 shares of the business services provider’s stock valued at $145,224,000 after purchasing an additional 1,081,239 shares in the last quarter. Bank of America Corp DE grew its position in shares of Booz Allen Hamilton by 61.4% in the fourth quarter. Bank of America Corp DE now owns 1,552,217 shares of the business services provider’s stock valued at $199,770,000 after purchasing an additional 590,655 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in shares of Booz Allen Hamilton in the first quarter valued at approximately $59,148,000. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Booz Allen Hamilton by 2,108.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 545,017 shares of the business services provider’s stock valued at $58,513,000 after purchasing an additional 520,339 shares in the last quarter. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

Booz Allen Hamilton Trading Down 0.1%

BAH opened at $109.04 on Wednesday. The company has a debt-to-equity ratio of 3.66, a quick ratio of 1.78 and a current ratio of 1.78. The business’s 50 day moving average price is $106.48 and its 200 day moving average price is $112.51. Booz Allen Hamilton Holding Corporation has a one year low of $98.95 and a one year high of $190.59. The stock has a market capitalization of $13.44 billion, a PE ratio of 13.40, a P/E/G ratio of 1.71 and a beta of 0.47.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings results on Friday, July 25th. The business services provider reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.03. Booz Allen Hamilton had a return on equity of 73.05% and a net margin of 8.70%. The company had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.96 billion. During the same period in the prior year, the firm earned $1.38 earnings per share. The firm’s revenue was down .6% compared to the same quarter last year. As a group, equities research analysts expect that Booz Allen Hamilton Holding Corporation will post 6.44 EPS for the current year.

Booz Allen Hamilton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Thursday, August 14th will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Thursday, August 14th. Booz Allen Hamilton’s dividend payout ratio is 27.03%.

Analysts Set New Price Targets

BAH has been the subject of a number of analyst reports. Raymond James Financial restated a “market perform” rating on shares of Booz Allen Hamilton in a research report on Friday, May 23rd. Wells Fargo & Company dropped their price target on Booz Allen Hamilton from $148.00 to $135.00 and set an “overweight” rating for the company in a research report on Friday, May 23rd. UBS Group set a $119.00 price target on Booz Allen Hamilton and gave the company a “neutral” rating in a research report on Monday, July 28th. JPMorgan Chase & Co. upped their price target on Booz Allen Hamilton from $115.00 to $122.00 and gave the company an “underweight” rating in a research report on Monday, July 28th. Finally, The Goldman Sachs Group cut Booz Allen Hamilton from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $108.00 to $94.00 in a report on Wednesday, May 28th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Booz Allen Hamilton currently has an average rating of “Hold” and an average target price of $134.00.

Booz Allen Hamilton 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.