Allianz Asset Management GmbH Buys 86,772 Shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Key Points

• Allianz Asset Management GmbH increased its stake in Booz Allen Hamilton by 295%, owning 116,190 shares worth approximately $12.15 million, making it one of the significant institutional investors in the company.
• In its latest earnings report, Booz Allen Hamilton reported $1.48 EPS, exceeding the expected $1.45 but with revenue of $2.92 billion below analysts' expectations of $2.96 billion.
• The company announced a quarterly dividend of $0.55, which will be paid on August 29th, reflecting an annualized yield of 1.94% and a payout ratio of 30.34%.

Allianz Asset Management GmbH lifted its stake in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 295.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 116,190 shares of the business services provider's stock after acquiring an additional 86,772 shares during the quarter. Allianz Asset Management GmbH owned about 0.09% of Booz Allen Hamilton worth $12,151,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in BAH. Norges Bank bought a new stake in Booz Allen Hamilton during the fourth quarter worth approximately $196,578,000. Janus Henderson Group PLC boosted its holdings in Booz Allen Hamilton by 179.7% during the fourth quarter. Janus Henderson Group PLC now owns 1,767,129 shares of the business services provider's stock worth $227,425,000 after buying an additional 1,135,426 shares in the last quarter. Man Group plc boosted its holdings in Booz Allen Hamilton by 2,293.2% during the fourth quarter. Man Group plc now owns 1,128,389 shares of the business services provider's stock worth $145,224,000 after buying an additional 1,081,239 shares in the last quarter. Bank of America Corp DE boosted its stake in Booz Allen Hamilton by 61.4% in the 4th quarter. Bank of America Corp DE now owns 1,552,217 shares of the business services provider's stock worth $199,770,000 after purchasing an additional 590,655 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in Booz Allen Hamilton by 1,111.3% in the 4th quarter. Renaissance Technologies LLC now owns 606,794 shares of the business services provider's stock worth $78,094,000 after purchasing an additional 556,700 shares during the period. Institutional investors and hedge funds own 91.82% of the company's stock.

Analyst Upgrades and Downgrades

BAH has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their price objective on shares of Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating for the company in a research note on Friday, May 23rd. William Blair raised shares of Booz Allen Hamilton from a "market perform" rating to an "outperform" rating in a research note on Monday, July 21st. JPMorgan Chase & Co. raised their price objective on shares of Booz Allen Hamilton from $115.00 to $122.00 and gave the stock an "underweight" rating in a research note on Monday. Wall Street Zen lowered shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Finally, Stifel Nicolaus set a $119.00 price objective on shares of Booz Allen Hamilton and gave the stock a "hold" rating in a research note on Monday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $134.00.

Booz Allen Hamilton Stock Up 0.7%

Shares of NYSE:BAH traded up $0.70 during trading on Tuesday, reaching $107.82. 533,428 shares of the company traded hands, compared to its average volume of 2,356,574. The firm has a fifty day simple moving average of $107.11 and a 200 day simple moving average of $114.45. The firm has a market cap of $13.39 billion, a P/E ratio of 13.25, a price-to-earnings-growth ratio of 1.77 and a beta of 0.48. Booz Allen Hamilton Holding Corporation has a 1-year low of $98.95 and a 1-year high of $190.59. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 3.90.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last issued its earnings results on Friday, July 25th. The business services provider reported $1.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.45 by $0.03. The company had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.96 billion. Booz Allen Hamilton had a net margin of 8.70% and a return on equity of 71.88%. The company's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the business posted $1.38 EPS. Analysts anticipate that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Thursday, August 14th will be issued a dividend of $0.55 per share. The ex-dividend date is Thursday, August 14th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.04%. Booz Allen Hamilton's dividend payout ratio is currently 27.03%.

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.