Benjamin Edwards Inc. Sells 2,748 Shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Key Points

• Benjamin Edwards Inc. reduced its stake in Booz Allen Hamilton by 11.8%, selling 2,748 shares, and now holds 20,584 shares valued at approximately $2.15 million.
• Booz Allen Hamilton's recent earnings report showed an EPS of $1.48, exceeding analyst estimates by $0.03, despite a revenue decline of 0.6% compared to the previous year.
• The company announced a quarterly dividend of $0.55 per share, representing an annualized yield of 2.0%, to be paid on August 29th.

Benjamin Edwards Inc. decreased its stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 11.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,584 shares of the business services provider's stock after selling 2,748 shares during the period. Benjamin Edwards Inc.'s holdings in Booz Allen Hamilton were worth $2,153,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several research firms have recently weighed in on BAH. Raymond James Financial reiterated a "market perform" rating on shares of Booz Allen Hamilton in a research report on Friday, May 23rd. William Blair upgraded shares of Booz Allen Hamilton from a "market perform" rating to an "outperform" rating in a research report on Monday, July 21st. Stifel Nicolaus increased their price objective on shares of Booz Allen Hamilton from $112.00 to $119.00 and gave the stock a "hold" rating in a research report on Monday, July 28th. UBS Group set a $119.00 price objective on shares of Booz Allen Hamilton and gave the stock a "neutral" rating in a research report on Monday, July 28th. Finally, The Goldman Sachs Group cut shares of Booz Allen Hamilton from a "neutral" rating to a "sell" rating and decreased their price objective 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 assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $134.00.

Booz Allen Hamilton Stock Up 1.2%

NYSE:BAH traded up $1.34 during trading hours on Friday, reaching $109.49. The company had a trading volume of 1,943,415 shares, compared to its average volume of 2,095,224. Booz Allen Hamilton Holding Corporation has a twelve month low of $98.95 and a twelve month high of $190.59. The firm has a market cap of $13.49 billion, a price-to-earnings ratio of 13.45, a P/E/G ratio of 1.69 and a beta of 0.47. The business's 50-day simple moving average is $106.91 and its two-hundred day simple moving average is $112.18. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 3.66.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last released its quarterly earnings data on Friday, July 25th. The business services provider reported $1.48 earnings per share for the quarter, beating analysts' consensus estimates 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 analyst estimates of $2.96 billion. During the same period last year, the firm earned $1.38 earnings per share. The business's quarterly revenue was down .6% compared to the same quarter last year. On average, equities analysts expect that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Announces Dividend

The firm also recently disclosed 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 dividend yield of 2.0%. The ex-dividend date of this dividend is Thursday, August 14th. Booz Allen Hamilton's dividend payout ratio (DPR) is 27.03%.

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.