Bessemer Group Inc. Buys 226,761 Shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Bessemer Group Inc. grew its position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 15.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,710,181 shares of the business services provider's stock after acquiring an additional 226,761 shares during the quarter. Bessemer Group Inc. owned 1.35% of Booz Allen Hamilton worth $178,853,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Norges Bank acquired a new stake in Booz Allen Hamilton in the 4th quarter valued at $196,578,000. Raymond James Financial Inc. acquired a new stake in shares of Booz Allen Hamilton in the fourth quarter valued at about $173,055,000. Janus Henderson Group PLC raised its holdings in Booz Allen Hamilton by 179.7% during the fourth quarter. Janus Henderson Group PLC now owns 1,767,129 shares of the business services provider's stock worth $227,425,000 after acquiring an additional 1,135,426 shares in the last quarter. Man Group plc grew its stake in Booz Allen Hamilton by 2,293.2% in the fourth quarter. Man Group plc now owns 1,128,389 shares of the business services provider's stock valued at $145,224,000 after purchasing an additional 1,081,239 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Booz Allen Hamilton by 61.4% during the 4th quarter. Bank of America Corp DE now owns 1,552,217 shares of the business services provider's stock worth $199,770,000 after purchasing an additional 590,655 shares during the last quarter. 91.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BAH. JPMorgan Chase & Co. decreased their price objective on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating for the company in a research report on Tuesday, April 15th. Stifel Nicolaus assumed coverage on shares of Booz Allen Hamilton in a research report on Tuesday. They issued a "hold" rating and a $112.00 price objective on the stock. Raymond James Financial reaffirmed a "market perform" rating on shares of Booz Allen Hamilton in a research report on Friday, May 23rd. Wall Street Zen cut Booz Allen Hamilton from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Finally, Truist Financial decreased their price objective on Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Booz Allen Hamilton currently has a consensus rating of "Hold" and a consensus target price of $134.64.

Booz Allen Hamilton Price Performance

Booz Allen Hamilton stock traded up $1.87 during mid-day trading on Thursday, reaching $103.21. The company had a trading volume of 2,031,066 shares, compared to its average volume of 1,733,145. The business has a fifty day simple moving average of $112.87 and a 200 day simple moving average of $118.46. The company has a market cap of $12.82 billion, a P/E ratio of 14.24, a P/E/G ratio of 1.58 and a beta of 0.49. 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 fifty-two week low of $98.95 and a fifty-two week high of $190.59.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last issued its quarterly earnings data 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 return on equity of 72.35% and a net margin of 7.81%. The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same quarter in the previous year, the company posted $1.33 EPS. Booz Allen Hamilton's quarterly revenue was up 7.3% compared to the same quarter last year. On average, 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 announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Wednesday, June 11th will be issued a dividend of $0.55 per share. 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 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.