Alta Capital Management LLC Has $23.60 Million Stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Alta Capital Management LLC raised its position in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 10.2% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 225,636 shares of the business services provider's stock after buying an additional 20,848 shares during the period. Booz Allen Hamilton comprises approximately 1.5% of Alta Capital Management LLC's holdings, making the stock its 27th largest holding. Alta Capital Management LLC owned about 0.18% of Booz Allen Hamilton worth $23,597,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of BAH. Savant Capital LLC bought a new position in Booz Allen Hamilton in the 4th quarter valued at $203,000. Allspring Global Investments Holdings LLC boosted its position in Booz Allen Hamilton by 677.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 24,678 shares of the business services provider's stock valued at $3,162,000 after buying an additional 21,503 shares during the last quarter. New York State Teachers Retirement System bought a new position in Booz Allen Hamilton in the 4th quarter valued at $1,520,000. Allworth Financial LP boosted its position in Booz Allen Hamilton by 127.7% in the 4th quarter. Allworth Financial LP now owns 3,546 shares of the business services provider's stock valued at $456,000 after buying an additional 1,989 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its position in Booz Allen Hamilton by 13.5% in the 4th quarter. CIBC Asset Management Inc now owns 5,319 shares of the business services provider's stock valued at $685,000 after buying an additional 631 shares during the last quarter. 91.82% of the stock is currently owned by institutional investors.

Booz Allen Hamilton Trading Up 0.7%

BAH stock traded up $0.74 during midday trading on Monday, hitting $100.71. 1,609,165 shares of the company's stock were exchanged, compared to its average volume of 1,718,669. The stock's fifty day moving average price is $113.28 and its 200-day moving average price is $118.70. The company has a debt-to-equity ratio of 3.90, a quick ratio of 1.79 and a current ratio of 1.79. The company has a market cap of $12.51 billion, a PE ratio of 13.89, a price-to-earnings-growth ratio of 1.56 and a beta of 0.49. Booz Allen Hamilton Holding Corporation has a one year low of $99.13 and a one year high of $190.59.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its earnings results on Friday, May 23rd. The business services provider reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.02. The firm had revenue of $2.97 billion for the quarter, compared to analyst estimates of $3.03 billion. Booz Allen Hamilton had a return on equity of 72.35% and a net margin of 7.81%. The company's revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.33 earnings per share. Research analysts predict 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 announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Wednesday, June 11th will be issued a dividend of $0.55 per share. The ex-dividend date is Wednesday, June 11th. This represents a $2.20 annualized dividend and a yield of 2.18%. Booz Allen Hamilton's dividend payout ratio is presently 30.34%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Barclays decreased their price objective on Booz Allen Hamilton from $140.00 to $120.00 and set an "equal weight" rating on the stock in a research report on Wednesday, May 28th. Truist Financial reduced their price target on 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. Wells Fargo & Company reduced their price target on Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating on the stock in a research report on Friday, May 23rd. The Goldman Sachs Group lowered Booz Allen Hamilton from a "neutral" rating to a "sell" rating and reduced their price target for the stock from $108.00 to $94.00 in a research report on Wednesday, May 28th. Finally, JPMorgan Chase & Co. reduced their price target on Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $136.90.

About Booz Allen Hamilton

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.