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

Oppenheimer Asset Management Inc. decreased its holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 19.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in Booz Allen Hamilton by 12.5% in the 4th quarter. JPMorgan Chase & Co. now owns 4,518,386 shares of the business services provider's stock valued at $581,516,000 after acquiring an additional 501,725 shares during the last quarter. First Trust Advisors LP grew its position in shares of Booz Allen Hamilton by 15.3% during the fourth quarter. First Trust Advisors LP now owns 2,804,642 shares of the business services provider's stock valued at $360,957,000 after purchasing an additional 371,390 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Booz Allen Hamilton by 179.7% during the fourth quarter. Janus Henderson Group PLC now owns 1,767,129 shares of the business services provider's stock valued at $227,425,000 after purchasing an additional 1,135,426 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Booz Allen Hamilton by 61.4% in the fourth quarter. Bank of America Corp DE now owns 1,552,217 shares of the business services provider's stock worth $199,770,000 after purchasing an additional 590,655 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Booz Allen Hamilton in the fourth quarter worth about $196,578,000. Hedge funds and other institutional investors own 91.82% of the company's stock.

Booz Allen Hamilton Trading Up 1.2%

Shares of BAH traded up $1.28 during midday trading on Monday, hitting $104.14. The stock had a trading volume of 2,710,402 shares, compared to its average volume of 1,749,498. The stock's 50 day moving average is $112.29 and its 200 day moving average is $117.48. The firm has a market cap of $12.93 billion, a PE ratio of 14.36, a price-to-earnings-growth ratio of 1.60 and a beta of 0.49. The company has a debt-to-equity ratio of 3.90, a current ratio of 1.79 and a quick ratio of 1.79. Booz Allen Hamilton Holding Corporation has a 1 year low of $98.95 and a 1 year high of $190.59.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its quarterly earnings data on Friday, May 23rd. The business services provider reported $1.61 earnings per share for the quarter, topping analysts' consensus estimates of $1.59 by $0.02. Booz Allen Hamilton had a net margin of 7.81% and a return on equity of 72.35%. The company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same period in the prior year, the company posted $1.33 EPS. The firm's revenue for the quarter was up 7.3% on a year-over-year basis. As a group, analysts forecast 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. Investors of record on Wednesday, June 11th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend was Wednesday, June 11th. Booz Allen Hamilton's payout ratio is currently 30.34%.

Analyst Ratings Changes

BAH has been the subject of several research analyst reports. Barclays cut their price target on 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. UBS Group increased their target price on Booz Allen Hamilton from $120.00 to $135.00 and gave the company a "neutral" rating in a research report on Monday, May 19th. Wall Street Zen lowered shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Wells Fargo & Company reduced 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. Finally, Raymond James Financial reiterated a "market perform" rating on shares of Booz Allen Hamilton in a research report on Friday, May 23rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price 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.