Bridges Investment Management Inc. Increases Position in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Bridges Investment Management Inc. raised its stake in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 4.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 123,257 shares of the business services provider's stock after purchasing an additional 5,596 shares during the period. Bridges Investment Management Inc. owned 0.10% of Booz Allen Hamilton worth $12,890,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Twelve Points Wealth Management LLC raised its position in Booz Allen Hamilton by 16.9% during the 1st quarter. Twelve Points Wealth Management LLC now owns 9,144 shares of the business services provider's stock worth $956,000 after purchasing an additional 1,324 shares during the last quarter. Westbourne Investment Advisors Inc. raised its position in shares of Booz Allen Hamilton by 3.9% in the 1st quarter. Westbourne Investment Advisors Inc. now owns 50,982 shares of the business services provider's stock worth $5,332,000 after acquiring an additional 1,903 shares in the last quarter. Personal CFO Solutions LLC raised its position in shares of Booz Allen Hamilton by 3.5% in the 1st quarter. Personal CFO Solutions LLC now owns 2,739 shares of the business services provider's stock worth $286,000 after acquiring an additional 92 shares in the last quarter. M&T Bank Corp raised its position in shares of Booz Allen Hamilton by 9.3% in the 1st quarter. M&T Bank Corp now owns 11,114 shares of the business services provider's stock worth $1,163,000 after acquiring an additional 943 shares in the last quarter. Finally, Security National Bank of SO Dak raised its position in shares of Booz Allen Hamilton by 1.5% in the 1st quarter. Security National Bank of SO Dak now owns 18,024 shares of the business services provider's stock worth $1,885,000 after acquiring an additional 265 shares in the last quarter. 91.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on BAH shares. Wall Street Zen lowered Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Stifel Nicolaus started coverage on Booz Allen Hamilton in a research report on Tuesday, June 24th. They issued a "hold" rating and a $112.00 price objective for the company. JPMorgan Chase & Co. lowered their price objective on Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating for the company in a research report on Tuesday, April 15th. Barclays lowered 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 report on Wednesday, May 28th. Finally, Raymond James Financial reissued a "market perform" rating on shares of Booz Allen Hamilton in a research report on Friday, May 23rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $134.64.

Booz Allen Hamilton Stock Down 0.8%

BAH stock traded down $0.90 during mid-day trading on Friday, reaching $106.78. 1,116,112 shares of the company traded hands, compared to its average volume of 1,787,428. The stock has a market cap of $13.26 billion, a price-to-earnings ratio of 14.73, a P/E/G ratio of 1.68 and a beta of 0.48. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 3.90. Booz Allen Hamilton Holding Corporation has a fifty-two week low of $98.95 and a fifty-two week high of $190.59. The firm's 50 day moving average price is $110.36 and its 200 day moving average price is $116.18.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last released its quarterly earnings results on Friday, May 23rd. The business services provider reported $1.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.59 by $0.02. The business had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $3.03 billion. Booz Allen Hamilton had a return on equity of 72.35% and a net margin of 7.81%. The company's quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.33 EPS. As a group, equities research analysts predict 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 announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Wednesday, June 11th were paid a $0.55 dividend. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.06%. Booz Allen Hamilton's payout ratio is presently 30.34%.

Booz Allen Hamilton 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.