Booz Allen Hamilton Holding Corporation (NYSE:BAH) Holdings Raised by Atria Wealth Solutions Inc.

Key Points

• Atria Wealth Solutions Inc. increased its holdings in Booz Allen Hamilton by 127.1%, purchasing an additional 5,414 shares, bringing its total to 9,675 shares valued at approximately $1,012,000.
• Booz Allen Hamilton reported $1.48 earnings per share (EPS) for the last quarter, surpassing analysts' expectations of $1.45, despite a 0.6% year-over-year revenue decline.
• The company announced a quarterly dividend of $0.55 per share, yielding 2.0%, with a payout ratio currently at 27.03%.

Atria Wealth Solutions Inc. grew its stake in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 127.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,675 shares of the business services provider's stock after purchasing an additional 5,414 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Booz Allen Hamilton were worth $1,012,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in BAH. Capital World Investors raised its stake in shares of Booz Allen Hamilton by 591.1% during the fourth quarter. Capital World Investors now owns 349,917 shares of the business services provider's stock worth $45,034,000 after purchasing an additional 299,283 shares during the last quarter. Asset Management One Co. Ltd. raised its holdings in Booz Allen Hamilton by 10.2% during the first quarter. Asset Management One Co. Ltd. now owns 52,889 shares of the business services provider's stock worth $5,531,000 after purchasing an additional 4,905 shares during the last quarter. Natixis raised its stake in shares of Booz Allen Hamilton by 3,032.5% during the 4th quarter. Natixis now owns 42,163 shares of the business services provider's stock worth $5,426,000 after buying an additional 40,817 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Booz Allen Hamilton in the 4th quarter valued at about $11,715,000. Finally, Diameter Capital Partners LP purchased a new position in Booz Allen Hamilton during the 4th quarter valued at about $6,435,000. Hedge funds and other institutional investors own 91.82% of the company's stock.

Booz Allen Hamilton Stock Up 1.9%

NYSE:BAH traded up $2.06 on Friday, reaching $110.21. The stock had a trading volume of 817,198 shares, compared to its average volume of 2,316,774. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 3.66. Booz Allen Hamilton Holding Corporation has a 12-month low of $98.95 and a 12-month high of $190.59. The company has a 50-day moving average of $106.79 and a 200 day moving average of $112.31. The stock has a market cap of $13.58 billion, a P/E ratio of 13.54, a price-to-earnings-growth ratio of 1.75 and a beta of 0.47.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last announced its quarterly earnings data on Friday, July 25th. The business services provider reported $1.48 earnings per share for the quarter, topping the consensus estimate 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 73.05%. The firm's revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the business earned $1.38 EPS. On average, research analysts predict that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Thursday, August 14th will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Thursday, August 14th. Booz Allen Hamilton's payout ratio is presently 27.03%.

Analysts Set New Price Targets

Several research firms have recently commented on BAH. Stifel Nicolaus increased their price target on shares of Booz Allen Hamilton from $112.00 to $119.00 and gave the company a "hold" rating in a research report on Monday, July 28th. Raymond James Financial reiterated a "market perform" rating on shares of Booz Allen Hamilton in a report on Friday, May 23rd. Wall Street Zen cut shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. JPMorgan Chase & Co. raised their price objective on Booz Allen Hamilton from $115.00 to $122.00 and gave the stock an "underweight" rating in a report on Monday, July 28th. Finally, Wells Fargo & Company reduced their target price 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. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $134.00.

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.