Avantax Advisory Services Inc. Cuts Stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Key Points

• Avantax Advisory Services Inc. has reduced its stake in Booz Allen Hamilton by 40.8% in the first quarter, now holding 4,574 shares valued at approximately $478,000.
• Several institutional investors have increased their stakes in Booz Allen Hamilton recently, with MassMutual Private Wealth & Trust FSB boosting its holdings by 74.5%.
• Booz Allen Hamilton recently declared a quarterly dividend of $0.55 per share, translating to a 2.0% dividend yield for shareholders.

Avantax Advisory Services Inc. lessened its holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 40.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,574 shares of the business services provider's stock after selling 3,157 shares during the period. Avantax Advisory Services Inc.'s holdings in Booz Allen Hamilton were worth $478,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB increased its stake in shares of Booz Allen Hamilton by 74.5% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 246 shares of the business services provider's stock worth $26,000 after buying an additional 105 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Booz Allen Hamilton in the 4th quarter valued at approximately $33,000. Versant Capital Management Inc raised its holdings in shares of Booz Allen Hamilton by 627.3% in the 1st quarter. Versant Capital Management Inc now owns 320 shares of the business services provider's stock valued at $33,000 after purchasing an additional 276 shares in the last quarter. CX Institutional purchased a new stake in shares of Booz Allen Hamilton during the 1st quarter worth $33,000. Finally, Ancora Advisors LLC acquired a new position in shares of Booz Allen Hamilton during the fourth quarter worth $34,000. Institutional investors and hedge funds own 91.82% of the company's stock.

Analyst Upgrades and Downgrades

BAH has been the topic of several research analyst reports. William Blair raised Booz Allen Hamilton from a "market perform" rating to an "outperform" rating in a research report on Monday, July 21st. Wells Fargo & Company cut their price objective 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 set a $119.00 target price on shares of Booz Allen Hamilton and gave the company a "neutral" rating in a report on Monday, July 28th. The Goldman Sachs Group lowered shares of Booz Allen Hamilton from a "neutral" rating to a "sell" rating and cut their price target for the stock from $108.00 to $94.00 in a research note on Wednesday, May 28th. Finally, Barclays reduced their price target on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an "equal weight" rating for the company in a research report on Wednesday, May 28th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $134.00.

Booz Allen Hamilton Trading Up 0.1%

Shares of NYSE:BAH opened at $111.58 on Wednesday. Booz Allen Hamilton Holding Corporation has a fifty-two week low of $98.95 and a fifty-two week high of $190.59. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 3.66. The company has a market cap of $13.75 billion, a PE ratio of 13.71, a P/E/G ratio of 1.74 and a beta of 0.47. The company's 50-day moving average price is $105.95 and its 200 day moving average price is $113.48.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last released its earnings results on Friday, July 25th. The business services provider reported $1.48 EPS for the quarter, beating the consensus estimate of $1.45 by $0.03. Booz Allen Hamilton had a net margin of 8.70% and a return on equity of 73.05%. The firm had revenue of $2.92 billion for the quarter, compared to analysts' expectations of $2.96 billion. During the same quarter last year, the company earned $1.38 EPS. Booz Allen Hamilton's quarterly revenue was down .6% on a year-over-year basis. Sell-side analysts anticipate that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Announces Dividend

The company 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 2.0%. Booz Allen Hamilton's payout ratio is currently 27.03%.

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.

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