Avantax Advisory Services Inc. Sells 1,192 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Avantax Advisory Services Inc. lowered its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 13.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,731 shares of the business services provider’s stock after selling 1,192 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Booz Allen Hamilton were worth $995,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Bogart Wealth LLC boosted its holdings in Booz Allen Hamilton by 387.5% during the fourth quarter. Bogart Wealth LLC now owns 195 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 155 shares in the last quarter. OFI Invest Asset Management bought a new position in shares of Booz Allen Hamilton during the 4th quarter worth approximately $25,000. EverSource Wealth Advisors LLC boosted its stake in Booz Allen Hamilton by 144.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider’s stock valued at $29,000 after buying an additional 134 shares in the last quarter. R Squared Ltd bought a new stake in Booz Allen Hamilton in the fourth quarter valued at $31,000. Finally, SRS Capital Advisors Inc. raised its stake in Booz Allen Hamilton by 3,314.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider’s stock worth $31,000 after acquiring an additional 232 shares in the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

Booz Allen Hamilton Trading Down 3.4 %

Shares of BAH opened at $112.54 on Thursday. The stock’s fifty day simple moving average is $122.48 and its 200-day simple moving average is $142.75. 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 firm has a market capitalization of $14.25 billion, a PE ratio of 16.77, a price-to-earnings-growth 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.

Booz Allen Hamilton (NYSE:BAH) last issued 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, 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were given a dividend of $0.55 per share. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.51. The ex-dividend date was Friday, February 14th. This represents a $2.20 annualized dividend and a dividend yield of 1.95%. Booz Allen Hamilton’s payout ratio is presently 32.79%.

Wall Street Analyst Weigh In

BAH has been the topic of several recent analyst reports. Truist Financial reduced 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. StockNews.com lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. The Goldman Sachs Group dropped their price objective on shares of Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating for the company in a report on Thursday, December 12th. TD Cowen reduced their target price on Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Finally, UBS Group assumed coverage on Booz Allen Hamilton in a report on Monday, December 2nd. They set a “neutral” rating and a $159.00 price target for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price 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.