Pacer Advisors Inc. Makes New $59.15 Million Investment in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Key Points

• Pacer Advisors Inc. acquired 565,580 shares of Booz Allen Hamilton, worth approximately $59.15 million, representing about 0.45% of the company's total stock.
• Booz Allen Hamilton posted an earnings per share (EPS) of $1.48, exceeding analyst expectations, but reported a 0.6% decline in revenue year-over-year.
• The company announced a quarterly dividend of $0.55 per share, reflecting a 1.94% yield, with a payout ratio of 30.34%.

Pacer Advisors Inc. purchased a new stake in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 565,580 shares of the business services provider's stock, valued at approximately $59,148,000. Pacer Advisors Inc. owned about 0.45% of Booz Allen Hamilton at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. MassMutual Private Wealth & Trust FSB grew its stake in shares of Booz Allen Hamilton by 74.5% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 246 shares of the business services provider's stock worth $26,000 after acquiring an additional 105 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Booz Allen Hamilton in the 4th quarter valued at about $33,000. Ancora Advisors LLC acquired a new position in Booz Allen Hamilton during the 4th quarter worth about $34,000. True Wealth Design LLC grew its stake in shares of Booz Allen Hamilton by 2,316.7% in the fourth quarter. True Wealth Design LLC now owns 290 shares of the business services provider's stock worth $37,000 after acquiring an additional 278 shares in the last quarter. Finally, Brown Brothers Harriman & Co. lifted its stake in Booz Allen Hamilton by 1,132.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 308 shares of the business services provider's stock valued at $40,000 after buying an additional 283 shares during the last quarter. 91.82% of the stock is owned by institutional investors.

Booz Allen Hamilton Stock Down 0.6%

Shares of Booz Allen Hamilton stock traded down $0.70 during trading hours on Wednesday, hitting $107.52. The company had a trading volume of 400,704 shares, compared to its average volume of 2,358,348. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.78 and a quick ratio of 1.79. The company's 50-day moving average is $106.68 and its two-hundred day moving average is $114.40. Booz Allen Hamilton Holding Corporation has a twelve month low of $98.95 and a twelve month high of $190.59. The company has a market cap of $13.25 billion, a P/E ratio of 13.21, a price-to-earnings-growth ratio of 1.68 and a beta of 0.48.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last issued its quarterly earnings data on Friday, July 25th. The business services provider reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.03. Booz Allen Hamilton had a net margin of 8.70% and a return on equity of 73.05%. The company had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter last year, the company earned $1.38 earnings per share. Booz Allen Hamilton's revenue for the quarter was down .6% on a year-over-year basis. Analysts anticipate that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Thursday, August 14th will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.05%. The ex-dividend date is Thursday, August 14th. Booz Allen Hamilton's dividend payout ratio (DPR) is presently 27.03%.

Wall Street Analysts Forecast Growth

BAH has been the topic of a number of recent research reports. Stifel Nicolaus set a $119.00 target price on shares of Booz Allen Hamilton and gave the company a "hold" rating in a report on Monday. Barclays reduced their target price on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 28th. The Goldman Sachs Group lowered Booz Allen Hamilton from a "neutral" rating to a "sell" rating and reduced their price objective for the stock from $108.00 to $94.00 in a research report on Wednesday, May 28th. JPMorgan Chase & Co. boosted their target price on Booz Allen Hamilton from $115.00 to $122.00 and gave the company an "underweight" rating in a research report on Monday. Finally, UBS Group set a $119.00 price objective on Booz Allen Hamilton and gave the company a "neutral" rating in a research note on Monday. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Booz Allen Hamilton presently has a consensus 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.