Booz Allen Hamilton Holding Corporation (NYSE:BAH) Shares Purchased by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC raised its stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 30.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,631 shares of the business services provider's stock after acquiring an additional 5,052 shares during the period. Verdence Capital Advisors LLC's holdings in Booz Allen Hamilton were worth $2,262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in BAH. MassMutual Private Wealth & Trust FSB raised its stake in Booz Allen Hamilton by 74.5% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 246 shares of the business services provider's stock worth $26,000 after acquiring an additional 105 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Booz Allen Hamilton by 144.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider's stock worth $29,000 after buying an additional 134 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Booz Allen Hamilton in the fourth quarter worth $33,000. Versant Capital Management Inc raised its position in Booz Allen Hamilton by 627.3% during the first quarter. Versant Capital Management Inc now owns 320 shares of the business services provider's stock worth $33,000 after acquiring an additional 276 shares in the last quarter. Finally, CX Institutional acquired a new position in shares of Booz Allen Hamilton in the first quarter valued at about $33,000. 91.82% of the stock is owned by hedge funds and other institutional investors.

Booz Allen Hamilton Price Performance

BAH opened at $109.00 on Friday. The firm has a market capitalization of $13.54 billion, a PE ratio of 15.03, a P/E/G ratio of 1.64 and a beta of 0.48. The company has a fifty day moving average price of $109.10 and a two-hundred day moving average price of $115.54. Booz Allen Hamilton Holding Corporation has a 52 week low of $98.95 and a 52 week high of $190.59. 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 released its quarterly earnings data 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 company had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $3.03 billion. Booz Allen Hamilton had a return on equity of 72.35% and a net margin of 7.81%. The firm's revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.33 earnings per share. As a group, analysts anticipate that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors 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 2.02%. Booz Allen Hamilton's dividend payout ratio (DPR) is presently 30.34%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on BAH shares. Barclays dropped their price objective on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an "equal weight" rating for the company in a report on Wednesday, May 28th. The Goldman Sachs Group lowered Booz Allen Hamilton from a "neutral" rating to a "sell" rating and lowered their price objective for the company from $108.00 to $94.00 in a research report on Wednesday, May 28th. JPMorgan Chase & Co. cut their price objective on 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. UBS Group increased their price objective on shares of Booz Allen Hamilton from $120.00 to $135.00 and gave the stock a "neutral" rating in a research report on Monday, May 19th. Finally, Wall Street Zen downgraded 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, eight have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $134.64.

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.

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