GAMMA Investing LLC Has $21.86 Million Stock Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

GAMMA Investing LLC increased its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 7,839.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 209,055 shares of the business services provider's stock after buying an additional 206,422 shares during the period. GAMMA Investing LLC owned 0.17% of Booz Allen Hamilton worth $21,863,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its stake 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 valued at $581,516,000 after purchasing an additional 501,725 shares during the last quarter. First Trust Advisors LP raised its position in Booz Allen Hamilton by 15.3% in the 4th 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 during the last quarter. Janus Henderson Group PLC lifted its holdings in Booz Allen Hamilton by 179.7% during the 4th quarter. Janus Henderson Group PLC now owns 1,767,129 shares of the business services provider's stock worth $227,425,000 after buying an additional 1,135,426 shares in the last quarter. Bank of America Corp DE boosted its position in Booz Allen Hamilton by 61.4% in the 4th 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 buying an additional 590,655 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Booz Allen Hamilton in the 4th quarter valued at $196,578,000. Institutional investors own 91.82% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on BAH. Barclays cut their price target on Booz Allen Hamilton from $140.00 to $120.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 28th. Wells Fargo & Company reduced their target price on shares of Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating on the stock in a research note on Friday, May 23rd. JPMorgan Chase & Co. dropped their price target on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating for the company in a research note on Tuesday, April 15th. William Blair lowered shares of Booz Allen Hamilton from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. Finally, UBS Group lifted their target price on shares of Booz Allen Hamilton from $120.00 to $135.00 and gave the stock a "neutral" rating in a report on Monday, May 19th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Booz Allen Hamilton presently has an average rating of "Hold" and an average target price of $136.90.

Booz Allen Hamilton Trading Up 1.0%

BAH stock traded up $0.98 during midday trading on Friday, hitting $103.12. 1,691,690 shares of the company's stock were exchanged, compared to its average volume of 1,664,920. Booz Allen Hamilton Holding Co. has a one year low of $101.05 and a one year high of $190.59. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.57 and a current ratio of 1.57. The company has a market cap of $12.81 billion, a PE ratio of 15.37, a price-to-earnings-growth ratio of 1.25 and a beta of 0.56. The stock's fifty day moving average price is $114.92 and its 200-day moving average price is $122.53.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last released its quarterly earnings data on Friday, May 23rd. The business services provider reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.02. Booz Allen Hamilton had a return on equity of 68.97% and a net margin of 7.39%. The business had revenue of $2.97 billion for the quarter, compared to analysts' expectations of $3.03 billion. During the same quarter in the previous year, the business posted $1.33 EPS. Booz Allen Hamilton's revenue for the quarter was up 7.3% on a year-over-year basis. Research analysts predict that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Wednesday, June 11th will be issued a dividend of $0.55 per share. The ex-dividend date is Wednesday, June 11th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.13%. Booz Allen Hamilton's payout ratio is 30.34%.

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.