Park Avenue Securities LLC Sells 2,936 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Park Avenue Securities LLC cut its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 22.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,112 shares of the business services provider's stock after selling 2,936 shares during the quarter. Park Avenue Securities LLC's holdings in Booz Allen Hamilton were worth $1,057,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in BAH. Bogart Wealth LLC increased its position in shares of Booz Allen Hamilton by 387.5% during the fourth quarter. Bogart Wealth LLC now owns 195 shares of the business services provider's stock worth $25,000 after acquiring an additional 155 shares during the last quarter. OFI Invest Asset Management acquired a new position in Booz Allen Hamilton in the fourth quarter worth about $25,000. EverSource Wealth Advisors LLC grew its stake in Booz Allen Hamilton by 144.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider's stock worth $29,000 after purchasing an additional 134 shares in the last quarter. SRS Capital Advisors Inc. grew its stake in Booz Allen Hamilton by 3,314.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider's stock worth $31,000 after purchasing an additional 232 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in Booz Allen Hamilton by 74.5% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 246 shares of the business services provider's stock worth $26,000 after purchasing an additional 105 shares in the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on BAH shares. Cantor Fitzgerald upgraded Booz Allen Hamilton to a "strong-buy" rating in a research note on Tuesday, February 25th. Raymond James reaffirmed a "market perform" rating on shares of Booz Allen Hamilton in a report on Friday, May 23rd. Wells Fargo & Company dropped their target price on Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. William Blair cut Booz Allen Hamilton from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. Finally, Wall Street Zen cut Booz Allen Hamilton from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $136.90.

Booz Allen Hamilton Stock Up 1.2%

NYSE:BAH traded up $1.25 during trading hours on Friday, hitting $103.35. 2,209,428 shares of the stock traded hands, compared to its average volume of 1,697,029. The firm has a 50 day moving average price of $114.15 and a 200 day moving average price of $120.76. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.72. Booz Allen Hamilton Holding Co. has a fifty-two week low of $99.13 and a fifty-two week high of $190.59. The firm has a market cap of $12.84 billion, a price-to-earnings ratio of 15.40, a PEG ratio of 1.25 and a beta of 0.49.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its quarterly earnings results on Friday, May 23rd. The business services provider reported $1.61 earnings per share for the quarter, topping analysts' consensus estimates of $1.59 by $0.02. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. The business had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same period in the prior year, the business posted $1.33 earnings per share. Booz Allen Hamilton's revenue for the quarter was up 7.3% compared to the same quarter last year. Equities research analysts anticipate that Booz Allen Hamilton Holding Co. 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, June 27th. Investors of record on Wednesday, June 11th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend is Wednesday, June 11th. Booz Allen Hamilton's dividend payout ratio is presently 30.34%.

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.