Oppenheimer Asset Management Inc. Sells 4,276 Shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Oppenheimer Asset Management Inc. lowered its position in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 19.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 18,114 shares of the business services provider's stock after selling 4,276 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Booz Allen Hamilton were worth $1,894,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. OFI Invest Asset Management acquired a new position in Booz Allen Hamilton in the fourth quarter valued at $25,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Booz Allen Hamilton by 74.5% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 246 shares of the business services provider's stock valued at $26,000 after purchasing an additional 105 shares during the period. EverSource Wealth Advisors LLC boosted 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 valued at $29,000 after purchasing an additional 134 shares in the last quarter. SRS Capital Advisors Inc. boosted its position in shares of Booz Allen Hamilton by 3,314.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider's stock valued at $31,000 after purchasing an additional 232 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Booz Allen Hamilton during the fourth quarter worth approximately $33,000. 91.82% of the stock is owned by institutional investors.

Booz Allen Hamilton Stock Down 0.1%

NYSE BAH traded down $0.12 during trading hours on Friday, hitting $103.15. The company's stock had a trading volume of 3,780,248 shares, compared to its average volume of 1,741,301. The company has a market capitalization of $12.81 billion, a PE ratio of 14.23, a price-to-earnings-growth ratio of 1.58 and a beta of 0.49. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 3.90. Booz Allen Hamilton Holding Corporation has a 52 week low of $98.95 and a 52 week high of $190.59. The company's 50-day simple moving average is $112.66 and its two-hundred day simple moving average is $118.20.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its earnings results on Friday, May 23rd. The business services provider reported $1.61 earnings per share for the quarter, beating analysts' consensus estimates 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 analyst estimates of $3.03 billion. During the same quarter last year, the company earned $1.33 earnings per share. The company's revenue for the quarter was up 7.3% on a year-over-year basis. Research analysts anticipate that Booz Allen Hamilton Holding Corporation will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Wednesday, June 11th will be paid a $0.55 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $2.20 annualized dividend and a dividend yield of 2.13%. Booz Allen Hamilton's payout ratio is 30.34%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. cut their price target 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. Wall Street Zen downgraded shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. UBS Group raised their price target on shares of Booz Allen Hamilton from $120.00 to $135.00 and gave the stock a "neutral" rating in a report on Monday, May 19th. Stifel Nicolaus assumed coverage on shares of Booz Allen Hamilton in a research note on Tuesday. They issued a "hold" rating and a $112.00 price target for the company. Finally, Truist Financial cut their price objective on shares of Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Booz Allen Hamilton currently has an average 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.