Bank Julius Baer & Co. Ltd Zurich Trims Stock Holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Bank Julius Baer & Co. Ltd Zurich lessened its stake in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 86.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 187,376 shares of the business services provider's stock after selling 1,155,152 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned about 0.15% of Booz Allen Hamilton worth $21,160,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in shares of Booz Allen Hamilton by 12.5% during the fourth quarter. JPMorgan Chase & Co. now owns 4,518,386 shares of the business services provider's stock worth $581,516,000 after purchasing an additional 501,725 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Booz Allen Hamilton by 15.3% during the fourth quarter. First Trust Advisors LP now owns 2,804,642 shares of the business services provider's stock worth $360,957,000 after purchasing an additional 371,390 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of 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 in the last quarter. Bessemer Group Inc. grew its holdings in shares of Booz Allen Hamilton by 15.3% during the first quarter. Bessemer Group Inc. now owns 1,710,181 shares of the business services provider's stock worth $178,853,000 after purchasing an additional 226,761 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Booz Allen Hamilton by 61.4% during the fourth 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 in the last quarter. Hedge funds and other institutional investors own 91.82% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on BAH shares. JPMorgan Chase & Co. dropped their target price on Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating for the company in a research report on Tuesday, April 15th. William Blair upgraded Booz Allen Hamilton from a "market perform" rating to an "outperform" rating in a research report on Monday. UBS Group boosted their target price on Booz Allen Hamilton from $120.00 to $135.00 and gave the stock a "neutral" rating in a research report on Monday, May 19th. Barclays dropped their target price on 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. Finally, The Goldman Sachs Group downgraded Booz Allen Hamilton from a "neutral" rating to a "sell" rating and dropped their target price for the stock from $108.00 to $94.00 in a research report on Wednesday, May 28th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Booz Allen Hamilton currently has a consensus rating of "Hold" and a consensus price target of $134.64.

Booz Allen Hamilton Trading Down 0.5%

Shares of BAH traded down $0.60 during mid-day trading on Thursday, hitting $115.35. 2,239,157 shares of the company's stock traded hands, compared to its average volume of 2,344,369. 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 Holding Corporation has a 1 year low of $98.95 and a 1 year high of $190.59. The firm has a market capitalization of $14.33 billion, a P/E ratio of 15.91, a PEG ratio of 1.75 and a beta of 0.48. The business's 50-day moving average price is $108.11 and its 200-day moving average price is $115.05.

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 (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $2.97 billion for the quarter, compared to analysts' expectations of $3.03 billion. During the same period in the previous year, the firm earned $1.33 earnings per share. The business's revenue was up 7.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Booz Allen Hamilton Holding Corporation will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Wednesday, June 11th were paid a dividend of $0.55 per share. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $2.20 annualized dividend and a dividend yield of 1.91%. Booz Allen Hamilton's dividend payout ratio (DPR) is presently 30.34%.

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.