Sequoia Financial Advisors LLC Buys 4,234 Shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Sequoia Financial Advisors LLC boosted its stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 199.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,362 shares of the business services provider's stock after purchasing an additional 4,234 shares during the period. Sequoia Financial Advisors LLC's holdings in Booz Allen Hamilton were worth $665,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BAH. Bessemer Group Inc. increased its position in Booz Allen Hamilton by 15.3% during the 1st quarter. Bessemer Group Inc. now owns 1,710,181 shares of the business services provider's stock valued at $178,853,000 after purchasing an additional 226,761 shares during the period. Legacy Advisors LLC boosted its stake in shares of Booz Allen Hamilton by 17.1% in the 1st quarter. Legacy Advisors LLC now owns 2,044 shares of the business services provider's stock valued at $214,000 after purchasing an additional 298 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of 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 worth $5,531,000 after buying an additional 4,905 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Booz Allen Hamilton during the first quarter worth $383,000. Finally, Manning & Napier Advisors LLC bought a new position in Booz Allen Hamilton during the first quarter worth $936,000. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on BAH shares. Raymond James Financial reiterated a "market perform" rating on shares of Booz Allen Hamilton in a report on Friday, May 23rd. UBS Group upped their target price on Booz Allen Hamilton from $120.00 to $135.00 and gave the company a "neutral" rating in a research report on Monday, May 19th. The Goldman Sachs Group cut Booz Allen Hamilton from a "neutral" rating to a "sell" rating and decreased their target price for the stock from $108.00 to $94.00 in a research note on Wednesday, May 28th. Stifel Nicolaus started coverage on Booz Allen Hamilton in a research note on Tuesday, June 24th. They issued a "hold" rating and a $112.00 price target on the stock. Finally, Wells Fargo & Company cut their price target 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. 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 stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $134.64.

Booz Allen Hamilton Stock Down 0.1%

Booz Allen Hamilton stock traded down $0.15 during mid-day trading on Thursday, reaching $108.12. The stock had a trading volume of 1,584,440 shares, compared to its average volume of 1,764,385. The firm has a market capitalization of $13.43 billion, a PE ratio of 14.91, a price-to-earnings-growth ratio of 1.69 and a beta of 0.48. Booz Allen Hamilton Holding Corporation has a fifty-two week low of $98.95 and a fifty-two week high of $190.59. The stock's 50-day simple moving average is $111.74 and its 200-day simple moving average is $117.15. The company has a debt-to-equity ratio of 3.90, a quick ratio of 1.79 and a current ratio of 1.79.

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 (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.02. The business had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $3.03 billion. Booz Allen Hamilton had a net margin of 7.81% and a return on equity of 72.35%. Booz Allen Hamilton's revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.33 EPS. On average, sell-side analysts forecast that Booz Allen Hamilton Holding Corporation will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Wednesday, June 11th were issued a $0.55 dividend. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.03%. Booz Allen Hamilton's dividend payout ratio is presently 30.34%.

Booz Allen Hamilton 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.