Ade LLC Sells 2,783 Shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH)

ADE LLC decreased its holdings in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 49.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,887 shares of the business services provider's stock after selling 2,783 shares during the quarter. ADE LLC's holdings in Booz Allen Hamilton were worth $302,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB raised its stake in shares of Booz Allen Hamilton by 74.5% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 246 shares of the business services provider's stock valued at $26,000 after acquiring an additional 105 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Booz Allen Hamilton by 144.1% in 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. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Booz Allen Hamilton in the fourth quarter valued at $33,000. Versant Capital Management Inc raised its stake in shares of Booz Allen Hamilton by 627.3% in the first quarter. Versant Capital Management Inc now owns 320 shares of the business services provider's stock valued at $33,000 after acquiring an additional 276 shares during the period. Finally, CX Institutional purchased a new stake in shares of Booz Allen Hamilton in the first quarter valued at $33,000. Hedge funds and other institutional investors own 91.82% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Stifel Nicolaus initiated coverage on shares of Booz Allen Hamilton in a research note on Tuesday, June 24th. They issued a "hold" rating and a $112.00 target price on the stock. JPMorgan Chase & Co. cut 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. Wells Fargo & Company cut their price target on shares of Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. UBS Group upped their price target on shares of Booz Allen Hamilton from $120.00 to $135.00 and gave the stock a "neutral" rating in a report on Monday, May 19th. Finally, Truist Financial cut their price target on shares of Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Booz Allen Hamilton presently has an average rating of "Hold" and a consensus price target of $134.64.

Booz Allen Hamilton Stock Up 0.8%

Booz Allen Hamilton stock traded up $0.85 during midday trading on Monday, hitting $107.79. 1,491,920 shares of the company's stock were exchanged, compared to its average volume of 1,791,904. The company has a debt-to-equity ratio of 3.90, a quick ratio of 1.79 and a current ratio of 1.79. Booz Allen Hamilton Holding Corporation has a 12 month low of $98.95 and a 12 month high of $190.59. The firm has a 50-day moving average of $110.36 and a two-hundred day moving average of $115.98. The company has a market cap of $13.39 billion, a PE ratio of 14.87, a P/E/G ratio of 1.67 and a beta of 0.48.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last issued its earnings results on Friday, May 23rd. The business services provider reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.02. Booz Allen Hamilton had a net margin of 7.81% and a return on equity of 72.35%. The company had revenue of $2.97 billion for the quarter, compared to analysts' expectations of $3.03 billion. During the same period in the prior year, the business earned $1.33 EPS. The firm's quarterly revenue was up 7.3% on a year-over-year basis. As a group, analysts expect that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Wednesday, June 11th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend was Wednesday, June 11th. Booz Allen Hamilton's dividend payout ratio is currently 30.34%.

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.