Fulton Bank N.A. Sells 2,761 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Fulton Bank N.A. lessened its position in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 40.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,056 shares of the business services provider's stock after selling 2,761 shares during the quarter. Fulton Bank N.A.'s holdings in Booz Allen Hamilton were worth $424,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Bogart Wealth LLC grew its holdings in Booz Allen Hamilton by 387.5% in the fourth quarter. Bogart Wealth LLC now owns 195 shares of the business services provider's stock worth $25,000 after purchasing an additional 155 shares during the period. OFI Invest Asset Management bought a new stake in shares of Booz Allen Hamilton in the 4th quarter worth approximately $25,000. EverSource Wealth Advisors LLC grew its stake in shares of Booz Allen Hamilton by 144.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider's stock worth $29,000 after buying an additional 134 shares during the last quarter. SRS Capital Advisors Inc. grew its stake in shares of Booz Allen Hamilton by 3,314.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider's stock worth $31,000 after buying an additional 232 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in Booz Allen Hamilton by 74.5% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 246 shares of the business services provider's stock valued at $26,000 after buying an additional 105 shares in the last quarter. 91.82% of the stock is currently owned by institutional investors.

Booz Allen Hamilton Stock Performance

Shares of Booz Allen Hamilton stock traded up $0.98 during trading hours on Friday, reaching $103.12. 1,691,690 shares of the stock traded hands, compared to its average volume of 1,660,746. The company has a 50 day moving average price of $115.00 and a 200 day moving average price of $122.77. The firm has a market capitalization of $12.81 billion, a price-to-earnings ratio of 15.37, a P/E/G ratio of 1.25 and a beta of 0.56. 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 quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 2.72.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last issued 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. The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $3.03 billion. Booz Allen Hamilton had a return on equity of 68.97% and a net margin of 7.39%. The firm's quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the company earned $1.33 EPS. On average, equities research analysts expect that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Wednesday, June 11th will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Wednesday, June 11th. Booz Allen Hamilton's dividend payout ratio is currently 30.34%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on BAH shares. Wall Street Zen downgraded Booz Allen Hamilton from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Barclays dropped their price target on shares of 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. UBS Group raised their price objective on shares of Booz Allen Hamilton from $120.00 to $135.00 and gave the company a "neutral" rating in a research note on Monday, May 19th. Cantor Fitzgerald raised shares of Booz Allen Hamilton to a "strong-buy" rating in a report on Tuesday, February 25th. Finally, William Blair cut shares of Booz Allen Hamilton from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $136.90.

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.