Boothbay Fund Management LLC Makes New Investment in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Boothbay Fund Management LLC acquired a new position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,301 shares of the business services provider's stock, valued at approximately $296,000.

A number of other hedge funds have also modified their holdings of BAH. Bogart Wealth LLC increased its stake in Booz Allen Hamilton by 387.5% in the 4th quarter. Bogart Wealth LLC now owns 195 shares of the business services provider's stock worth $25,000 after purchasing an additional 155 shares in the last quarter. OFI Invest Asset Management purchased a new position in shares of Booz Allen Hamilton in the fourth quarter worth approximately $25,000. EverSource Wealth Advisors LLC raised its holdings in shares of Booz Allen Hamilton by 144.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider's stock valued at $29,000 after acquiring an additional 134 shares during the period. R Squared Ltd acquired a new position in Booz Allen Hamilton in the 4th quarter worth approximately $31,000. Finally, SRS Capital Advisors Inc. grew its position in Booz Allen Hamilton by 3,314.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider's stock worth $31,000 after purchasing an additional 232 shares in the last quarter. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BAH. William Blair downgraded Booz Allen Hamilton from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. Cantor Fitzgerald upgraded Booz Allen Hamilton to a "strong-buy" rating in a report on Tuesday, February 25th. Truist Financial lowered their price objective on shares of Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $109.00 target price (down previously from $150.00) on shares of Booz Allen Hamilton in a research report on Friday, April 11th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating on the stock in a report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $146.45.

Booz Allen Hamilton Stock Performance

Shares of NYSE BAH opened at $119.67 on Friday. The business's 50-day simple moving average is $111.06 and its 200-day simple moving average is $131.87. Booz Allen Hamilton Holding Co. has a 52 week low of $101.05 and a 52 week high of $190.59. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a market cap of $15.16 billion, a price-to-earnings ratio of 17.83, a P/E/G ratio of 1.25 and a beta of 0.58.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last issued its quarterly earnings data 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%. As a group, equities research analysts expect that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were paid a $0.55 dividend. The ex-dividend date was Friday, February 14th. This is a positive change 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 1.84%. Booz Allen Hamilton's payout ratio is presently 32.79%.

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.

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