Booz Allen Hamilton Holding Corporation (NYSE:BAH) Shares Sold by Jensen Investment Management Inc.

Key Points

• Jensen Investment Management Inc. reduced its stake in Booz Allen Hamilton by 22.3%, owning 36,880 shares valued at approximately $3.86 million after selling 10,560 shares in the first quarter.
• Institutional investor ownership is significant, with 91.82% of the stock held by institutional investors and hedge funds, showing strong interest in Booz Allen Hamilton.
• Analysts have downgraded Booz Allen Hamilton's ratings, moving from "buy" to "hold" and lowering price targets, with an average price objective of $134.00.

Jensen Investment Management Inc. lessened its stake in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 22.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 36,880 shares of the business services provider's stock after selling 10,560 shares during the period. Jensen Investment Management Inc.'s holdings in Booz Allen Hamilton were worth $3,857,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Booz Allen Hamilton by 1.9% in the first quarter. Vanguard Group Inc. now owns 13,071,741 shares of the business services provider's stock worth $1,367,043,000 after buying an additional 237,720 shares in the last quarter. Intrust Bank NA raised its holdings in Booz Allen Hamilton by 2.6% in the 1st quarter. Intrust Bank NA now owns 4,544 shares of the business services provider's stock valued at $475,000 after acquiring an additional 113 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its holdings in Booz Allen Hamilton by 7.9% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 1,765 shares of the business services provider's stock valued at $185,000 after acquiring an additional 129 shares during the last quarter. Atria Wealth Solutions Inc. lifted its stake in Booz Allen Hamilton by 127.1% in the 1st quarter. Atria Wealth Solutions Inc. now owns 9,675 shares of the business services provider's stock worth $1,012,000 after purchasing an additional 5,414 shares in the last quarter. Finally, MWA Asset Management acquired a new position in shares of Booz Allen Hamilton during the 1st quarter worth approximately $753,000. 91.82% of the stock is owned by hedge funds and other institutional investors.

Booz Allen Hamilton Trading Down 0.3%

BAH stock traded down $0.34 during mid-day trading on Friday, hitting $110.45. 1,304,481 shares of the company were exchanged, compared to its average volume of 2,100,879. Booz Allen Hamilton Holding Corporation has a 12-month low of $98.95 and a 12-month high of $190.59. The firm has a market capitalization of $13.61 billion, a P/E ratio of 13.57, a PEG ratio of 1.73 and a beta of 0.47. The business has a fifty day simple moving average of $106.29 and a 200-day simple moving average of $113.07. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 3.66.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last issued its quarterly earnings data on Friday, July 25th. The business services provider reported $1.48 EPS for the quarter, topping the consensus estimate of $1.45 by $0.03. Booz Allen Hamilton had a net margin of 8.70% and a return on equity of 73.05%. The firm had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.96 billion. During the same period in the prior year, the business posted $1.38 EPS. The business's revenue for the quarter was down .6% compared to the same quarter last year. On average, equities research analysts predict that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Thursday, August 14th will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Thursday, August 14th. Booz Allen Hamilton's payout ratio is currently 27.03%.

Analysts Set New Price Targets

Several research firms recently commented on BAH. Wall Street Zen cut Booz Allen Hamilton from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Raymond James Financial reaffirmed a "market perform" rating on shares of Booz Allen Hamilton in a research note on Friday, May 23rd. Stifel Nicolaus boosted their price target on shares of Booz Allen Hamilton from $112.00 to $119.00 and gave the company a "hold" rating in a research report on Monday, July 28th. UBS Group set a $119.00 price objective on shares of Booz Allen Hamilton and gave the stock a "neutral" rating in a research report on Monday, July 28th. Finally, Wells Fargo & Company reduced their target price on shares of Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating on the stock in a research note on Friday, May 23rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $134.00.

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.