GW&K Investment Management LLC Sells 75,541 Shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH)

GW&K Investment Management LLC cut its holdings in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 16.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 385,976 shares of the business services provider's stock after selling 75,541 shares during the quarter. GW&K Investment Management LLC owned about 0.30% of Booz Allen Hamilton worth $40,366,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Trajan Wealth LLC grew its holdings 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 purchasing an additional 92 shares in the last quarter. Personal CFO Solutions LLC grew its holdings 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 purchasing an additional 92 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings 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 purchasing 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 during 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 during the last quarter. 91.82% of the stock is currently owned by institutional investors.

Booz Allen Hamilton Price Performance

Booz Allen Hamilton stock traded up $2.52 during midday trading on Tuesday, hitting $111.84. 2,638,698 shares of the company's stock were exchanged, compared to its average volume of 1,826,902. Booz Allen Hamilton Holding Corporation has a 52-week low of $98.95 and a 52-week high of $190.59. The stock has a 50-day moving average price of $108.80 and a two-hundred day moving average price of $115.23. The company has a debt-to-equity ratio of 3.90, a quick ratio of 1.79 and a current ratio of 1.79. The company has a market cap of $13.89 billion, a P/E ratio of 17.22, a PEG ratio of 1.71 and a beta of 0.48.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its earnings results on Friday, May 23rd. The business services provider reported $1.61 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $3.03 billion. During the same period in the previous year, the business earned $1.33 earnings per share. The firm's revenue was up 7.3% on a year-over-year basis. On average, equities research analysts forecast that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Wednesday, June 11th were paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.97%. The ex-dividend date was Wednesday, June 11th. Booz Allen Hamilton's dividend payout ratio (DPR) is currently 30.34%.

Analyst Upgrades and Downgrades

Several research firms have commented on BAH. Stifel Nicolaus began coverage on Booz Allen Hamilton in a research report on Tuesday, June 24th. They issued a "hold" rating and a $112.00 target price for the company. William Blair raised Booz Allen Hamilton from a "market perform" rating to an "outperform" rating in a research note on Monday. Barclays reduced their price objective on Booz Allen Hamilton from $140.00 to $120.00 and set an "equal weight" rating for the company in a research note on Wednesday, May 28th. Truist Financial dropped their target price 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. Finally, JPMorgan Chase & Co. dropped their target price on Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating on the stock in a report on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $134.64.

Booz Allen Hamilton Company 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.