Booz Allen Hamilton Holding Corporation (NYSE:BAH – Get Free Report) was the recipient of a large decline in short interest in March. As of March 13th, there was short interest totaling 8,035,395 shares, a decline of 13.2% from the February 26th total of 9,253,974 shares. Based on an average daily volume of 2,084,997 shares, the short-interest ratio is presently 3.9 days. Currently, 6.7% of the shares of the stock are sold short.
Institutional Investors Weigh In On Booz Allen Hamilton
Hedge funds have recently modified their holdings of the business. Activest Wealth Management lifted its stake in shares of Booz Allen Hamilton by 141.3% in the fourth quarter. Activest Wealth Management now owns 304 shares of the business services provider’s stock worth $26,000 after buying an additional 178 shares in the last quarter. Torren Management LLC acquired a new position in Booz Allen Hamilton during the fourth quarter worth about $26,000. Rakuten Securities Inc. raised its holdings in Booz Allen Hamilton by 414.6% in the 2nd quarter. Rakuten Securities Inc. now owns 247 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 199 shares during the last quarter. Aventura Private Wealth LLC acquired a new stake in Booz Allen Hamilton in the 4th quarter valued at about $27,000. Finally, West Branch Capital LLC raised its holdings in Booz Allen Hamilton by 58.3% in the 3rd quarter. West Branch Capital LLC now owns 285 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 105 shares during the last quarter. 91.82% of the stock is currently owned by institutional investors and hedge funds.
Booz Allen Hamilton Price Performance
NYSE:BAH opened at $78.85 on Tuesday. The stock has a 50 day moving average of $82.31 and a two-hundred day moving average of $88.21. Booz Allen Hamilton has a 12 month low of $73.93 and a 12 month high of $130.91. The firm has a market cap of $9.51 billion, a P/E ratio of 11.72, a price-to-earnings-growth ratio of 4.61 and a beta of 0.37. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 3.76.
Booz Allen Hamilton Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 13th were paid a dividend of $0.59 per share. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Friday, February 13th. This represents a $2.36 annualized dividend and a yield of 3.0%. Booz Allen Hamilton’s dividend payout ratio is presently 35.07%.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on BAH. William Blair reiterated an “outperform” rating on shares of Booz Allen Hamilton in a research report on Tuesday, March 3rd. Jefferies Financial Group cut their price objective on Booz Allen Hamilton from $100.00 to $95.00 and set a “hold” rating for the company in a research report on Thursday, December 18th. UBS Group reaffirmed a “neutral” rating and set a $97.00 target price on shares of Booz Allen Hamilton in a research note on Tuesday, January 27th. DA Davidson set a $81.00 price target on shares of Booz Allen Hamilton in a research note on Tuesday, January 27th. Finally, Weiss Ratings lowered shares of Booz Allen Hamilton from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, March 23rd. Two analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $101.25.
View Our Latest Analysis on Booz Allen Hamilton
About Booz Allen Hamilton
Booz Allen Hamilton Holding Corporation is a publicly traded management and technology consulting firm headquartered in McLean, Virginia. The company provides a wide range of professional services and solutions in strategy, analytics, digital transformation, engineering and cyber security. Its expertise spans from supporting federal civilian agencies to defense, intelligence and homeland security organizations, as well as select commercial industries.
Key offerings include data analytics and artificial intelligence applications, software development and modernization, systems integration, and cyber risk management.
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