Edgestream Partners L.P. Increases Position in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Edgestream Partners L.P. grew its position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 1,819.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 100,920 shares of the business services provider's stock after buying an additional 95,661 shares during the quarter. Edgestream Partners L.P. owned 0.08% of Booz Allen Hamilton worth $10,554,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Trajan Wealth LLC lifted its position in shares of Booz Allen Hamilton by 5.8% during the 4th quarter. Trajan Wealth LLC now owns 1,679 shares of the business services provider's stock worth $216,000 after buying an additional 92 shares in the last quarter. Personal CFO Solutions LLC lifted its position in shares of Booz Allen Hamilton by 3.5% during the 1st quarter. Personal CFO Solutions LLC now owns 2,739 shares of the business services provider's stock worth $286,000 after buying an additional 92 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of 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 worth $26,000 after buying an additional 105 shares in the last quarter. Yousif Capital Management LLC lifted its position in shares of Booz Allen Hamilton by 5.5% during the 1st quarter. Yousif Capital Management LLC now owns 2,389 shares of the business services provider's stock worth $250,000 after buying an additional 124 shares in the last quarter. Finally, Amalgamated Bank lifted its position in shares of Booz Allen Hamilton by 1.3% during the 1st quarter. Amalgamated Bank now owns 9,414 shares of the business services provider's stock worth $985,000 after buying an additional 124 shares in the last quarter. Institutional investors own 91.82% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BAH. The Goldman Sachs Group lowered shares of Booz Allen Hamilton from a "neutral" rating to a "sell" rating and decreased their price target for the stock from $108.00 to $94.00 in a research note on Wednesday, May 28th. Stifel Nicolaus began coverage on shares of Booz Allen Hamilton in a research note on Tuesday, June 24th. They set a "hold" rating and a $112.00 price target for the company. Raymond James Financial restated a "market perform" rating on shares of Booz Allen Hamilton in a research note on Friday, May 23rd. JPMorgan Chase & Co. decreased 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. Finally, Wells Fargo & Company decreased their price target on shares of Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating for the company in a research note on Friday, May 23rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Booz Allen Hamilton currently has a consensus rating of "Hold" and an average price target of $134.64.

Booz Allen Hamilton Price Performance

Shares of BAH traded up $0.23 during mid-day trading on Wednesday, reaching $105.00. 2,219,592 shares of the stock traded hands, compared to its average volume of 1,799,434. The firm has a fifty day moving average price of $109.76 and a 200 day moving average price of $115.75. The company has a market cap of $13.04 billion, a price-to-earnings ratio of 14.48, a price-to-earnings-growth ratio of 1.68 and a beta of 0.48. The company has a current ratio of 1.79, a quick 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.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last released its quarterly earnings results on Friday, May 23rd. The business services provider reported $1.61 EPS for the quarter, beating analysts' consensus estimates of $1.59 by $0.02. The firm had revenue of $2.97 billion during the quarter, compared to analyst estimates of $3.03 billion. Booz Allen Hamilton had a net margin of 7.81% and a return on equity of 72.35%. The business's revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.33 EPS. As a group, equities research analysts predict that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Wednesday, June 11th were given 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 yield of 2.10%. 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.