Harel Insurance Investments & Financial Services Ltd. Sells 14,803 Shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Harel Insurance Investments & Financial Services Ltd. lessened its holdings in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 25.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 44,490 shares of the business services provider's stock after selling 14,803 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.'s holdings in Booz Allen Hamilton were worth $4,653,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in BAH. QRG Capital Management Inc. boosted its position in Booz Allen Hamilton by 11.9% during the 4th quarter. QRG Capital Management Inc. now owns 3,916 shares of the business services provider's stock worth $504,000 after acquiring an additional 418 shares during the period. Private Trust Co. NA boosted its position in Booz Allen Hamilton by 371.2% during the 4th quarter. Private Trust Co. NA now owns 311 shares of the business services provider's stock worth $40,000 after acquiring an additional 245 shares during the period. Metis Global Partners LLC boosted its position in Booz Allen Hamilton by 7.2% during the 4th quarter. Metis Global Partners LLC now owns 2,651 shares of the business services provider's stock worth $341,000 after acquiring an additional 177 shares during the period. Smartleaf Asset Management LLC boosted its position in Booz Allen Hamilton by 33.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 440 shares of the business services provider's stock worth $56,000 after acquiring an additional 110 shares during the period. Finally, SRS Capital Advisors Inc. raised its stake in shares of Booz Allen Hamilton by 3,314.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider's stock worth $31,000 after buying an additional 232 shares in the last quarter. Institutional investors and hedge funds own 91.82% of the company's stock.

Booz Allen Hamilton Stock Down 0.1%

Shares of NYSE BAH traded down $0.15 during trading hours on Friday, hitting $108.12. The stock had a trading volume of 1,584,440 shares, compared to its average volume of 1,764,385. The company has a market capitalization of $13.43 billion, a P/E ratio of 14.91, a P/E/G ratio of 1.70 and a beta of 0.48. The firm's 50-day moving average price is $111.51 and its two-hundred day moving average price is $116.96. 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 announced its quarterly earnings results on Friday, May 23rd. The business services provider reported $1.61 EPS for the quarter, beating 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 company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter last year, the company posted $1.33 earnings per share. The company's revenue for the quarter was up 7.3% compared to the same quarter last year. Analysts anticipate 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 disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Wednesday, June 11th were given a $0.55 dividend. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $2.20 annualized dividend and a dividend yield of 2.03%. Booz Allen Hamilton's dividend payout ratio is 30.34%.

Analysts Set New Price Targets

Several equities research analysts have commented on BAH shares. Stifel Nicolaus started coverage on shares of Booz Allen Hamilton in a research report on Tuesday, June 24th. They issued a "hold" rating and a $112.00 price target on the stock. Barclays dropped their price target on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an "equal weight" rating on the stock in a research report on Wednesday, May 28th. Wells Fargo & Company dropped their price target on shares of Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating on the stock in a research report on Friday, May 23rd. The Goldman Sachs Group cut shares of 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 report on Wednesday, May 28th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 15th. Two investment 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 company. According to data from MarketBeat.com, Booz Allen Hamilton has a consensus rating of "Hold" and an average price target 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.