Alta Capital Management LLC Purchases 20,848 Shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Alta Capital Management LLC lifted its position in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 10.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 1.5% of Alta Capital Management LLC's holdings, making the stock its 27th largest position. Alta Capital Management LLC owned 0.18% of Booz Allen Hamilton worth $23,597,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in BAH. Norges Bank acquired a new position in Booz Allen Hamilton during the fourth quarter worth $196,578,000. Raymond James Financial Inc. acquired a new position in Booz Allen Hamilton during the fourth quarter worth $173,055,000. 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 purchasing an additional 1,135,426 shares during 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 purchasing an additional 1,081,239 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in Booz Allen Hamilton by 61.4% in the fourth quarter. Bank of America Corp DE now owns 1,552,217 shares of the business services provider's stock valued at $199,770,000 after acquiring an additional 590,655 shares during the last quarter. Institutional investors own 91.82% of the company's stock.

Booz Allen Hamilton Price Performance

Shares of BAH stock traded down $2.13 during trading on Friday, hitting $99.87. The company had a trading volume of 3,314,784 shares, compared to its average volume of 1,717,533. The stock's 50-day moving average price is $113.51 and its 200 day moving average price is $119.36. Booz Allen Hamilton Holding Corporation has a one year low of $99.13 and a one year high of $190.59. 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 firm has a market capitalization of $12.40 billion, a P/E ratio of 13.77, a price-to-earnings-growth ratio of 1.59 and a beta of 0.49.

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

Booz Allen Hamilton Dividend Announcement

The company 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 $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.20%. The ex-dividend date is Wednesday, June 11th. Booz Allen Hamilton's dividend payout ratio is currently 30.34%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BAH. William Blair cut shares of Booz Allen Hamilton from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. Wells Fargo & Company cut their price target 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. UBS Group increased their price objective on shares of Booz Allen Hamilton from $120.00 to $135.00 and gave the company a "neutral" rating in a research report on Monday, May 19th. The Goldman Sachs Group lowered shares of Booz Allen Hamilton from a "neutral" rating to a "sell" rating and dropped their price objective for the company from $108.00 to $94.00 in a research report on Wednesday, May 28th. Finally, Raymond James Financial reissued a "market perform" rating on shares of Booz Allen Hamilton in a research report on Friday, May 23rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $136.90.

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.