Brown Advisory Inc. Cuts Stock Position in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Brown Advisory Inc. cut its stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 47.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,606 shares of the business services provider's stock after selling 5,959 shares during the period. Brown Advisory Inc.'s holdings in Booz Allen Hamilton were worth $691,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its stake 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 purchasing an additional 501,725 shares during the last quarter. First Trust Advisors LP lifted its stake in Booz Allen Hamilton by 15.3% in the 4th 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 during the last quarter. Janus Henderson Group PLC raised its holdings in Booz Allen Hamilton by 179.7% in the 4th quarter. Janus Henderson Group PLC now owns 1,767,129 shares of the business services provider's stock valued at $227,425,000 after acquiring an additional 1,135,426 shares during the period. Bessemer Group Inc. raised its holdings in Booz Allen Hamilton by 15.3% in the 1st quarter. Bessemer Group Inc. now owns 1,710,181 shares of the business services provider's stock valued at $178,853,000 after acquiring an additional 226,761 shares during the period. Finally, Bank of America Corp DE raised its holdings in Booz Allen Hamilton by 61.4% in the 4th quarter. Bank of America Corp DE now owns 1,552,217 shares of the business services provider's stock valued at $199,770,000 after acquiring an additional 590,655 shares during the period. 91.82% of the stock is owned by institutional investors and hedge funds.

Booz Allen Hamilton Price Performance

NYSE:BAH traded up $0.23 during trading hours on Wednesday, hitting $105.00. 2,221,304 shares of the stock traded hands, compared to its average volume of 1,804,663. The company has a market cap of $13.04 billion, a price-to-earnings ratio of 14.48, a price-to-earnings-growth ratio of 1.63 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 1 year low of $98.95 and a 1 year high of $190.59. The stock has a 50 day moving average price of $109.40 and a 200 day moving average price of $115.68.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its quarterly earnings results on Friday, May 23rd. The business services provider reported $1.61 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $3.03 billion. During the same quarter last year, the firm posted $1.33 EPS. The firm's revenue was up 7.3% compared to the same quarter last year. Sell-side analysts forecast 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 was paid on Friday, June 27th. Investors of record on Wednesday, June 11th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.10%. The ex-dividend date was Wednesday, June 11th. Booz Allen Hamilton's dividend payout ratio is currently 30.34%.

Analyst Ratings Changes

BAH has been the topic of several recent research reports. The Goldman Sachs Group cut shares of Booz Allen Hamilton from a "neutral" rating to a "sell" rating and lowered their target price for the stock from $108.00 to $94.00 in a report on Wednesday, May 28th. Wells Fargo & Company cut 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 report on Friday, May 23rd. Wall Street Zen lowered shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Barclays lowered their target price on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an "equal weight" rating for the company in a research note on Wednesday, May 28th. Finally, Stifel Nicolaus started coverage on shares of Booz Allen Hamilton in a research report on Tuesday, June 24th. They set a "hold" rating and a $112.00 target price for the company. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus 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.