Forte Capital LLC ADV Grows Position in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Forte Capital LLC ADV grew its position in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 20.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,461 shares of the business services provider's stock after buying an additional 6,044 shares during the quarter. Forte Capital LLC ADV's holdings in Booz Allen Hamilton were worth $3,709,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. FIL Ltd boosted its position in Booz Allen Hamilton by 63.3% during the fourth quarter. FIL Ltd now owns 153,343 shares of the business services provider's stock valued at $19,735,000 after purchasing an additional 59,440 shares in the last quarter. Capital World Investors boosted its position in Booz Allen Hamilton by 591.1% during the fourth quarter. Capital World Investors now owns 349,917 shares of the business services provider's stock valued at $45,034,000 after purchasing an additional 299,283 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in Booz Allen Hamilton by 10.2% during the first quarter. Asset Management One Co. Ltd. now owns 52,889 shares of the business services provider's stock valued at $5,531,000 after purchasing an additional 4,905 shares in the last quarter. Natixis boosted its position in Booz Allen Hamilton by 3,032.5% during the fourth quarter. Natixis now owns 42,163 shares of the business services provider's stock valued at $5,426,000 after purchasing an additional 40,817 shares in the last quarter. Finally, Magnetar Financial LLC acquired a new stake in Booz Allen Hamilton in the fourth quarter worth about $4,740,000. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

Booz Allen Hamilton Stock Performance

Shares of Booz Allen Hamilton stock traded up $0.42 on Friday, reaching $109.27. 1,105,824 shares of the stock were exchanged, compared to its average volume of 1,808,428. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 3.90. Booz Allen Hamilton Holding Corporation has a twelve month low of $98.95 and a twelve month high of $190.59. The firm has a market capitalization of $13.57 billion, a price-to-earnings ratio of 15.07, a PEG ratio of 1.64 and a beta of 0.48. The business has a 50 day moving average price of $109.10 and a two-hundred day moving average price of $115.54.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last announced its quarterly earnings results on Friday, May 23rd. The business services provider reported $1.61 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same period in the previous year, the company posted $1.33 earnings per share. Booz Allen Hamilton's revenue for the quarter was up 7.3% on a year-over-year basis. Analysts anticipate that Booz Allen Hamilton Holding Corporation 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 was paid on Friday, June 27th. Shareholders of record on Wednesday, June 11th were given a $0.55 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $2.20 annualized dividend and a yield of 2.01%. Booz Allen Hamilton's dividend payout ratio is presently 30.34%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BAH. Raymond James Financial restated a "market perform" rating on shares of Booz Allen Hamilton in a research note on Friday, May 23rd. The Goldman Sachs Group lowered Booz Allen Hamilton from a "neutral" rating to a "sell" rating and dropped their price target for the stock from $108.00 to $94.00 in a research note on Wednesday, May 28th. JPMorgan Chase & Co. dropped their price target on Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 15th. Stifel Nicolaus began coverage on Booz Allen Hamilton in a research note on Tuesday, June 24th. They set a "hold" rating and a $112.00 price target on the stock. Finally, Wall Street Zen lowered Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $134.64.

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.