Bryce Point Capital LLC Reduces Stock Position in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Key Points

• Bryce Point Capital LLC reduced its holdings in Booz Allen Hamilton by 50.1% in the first quarter, owning 7,465 shares valued at approximately $797,000.
• Other large investors have also increased their stakes in Booz Allen Hamilton, with LPL Financial LLC raising its shares by 17.1% and Norges Bank acquiring a new position worth about $196,578,000.
• Booz Allen Hamilton is expected to post an EPS of 6.44 for the current year, despite a .6% decline in quarterly revenue compared to the previous year.

Bryce Point Capital LLC reduced its stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 50.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,465 shares of the business services provider's stock after selling 7,483 shares during the period. Bryce Point Capital LLC's holdings in Booz Allen Hamilton were worth $797,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. FIL Ltd increased its stake in shares of Booz Allen Hamilton by 63.3% during the fourth quarter. FIL Ltd now owns 153,343 shares of the business services provider's stock worth $19,735,000 after buying an additional 59,440 shares during the period. Capital World Investors boosted its holdings in shares of Booz Allen Hamilton by 591.1% in the fourth quarter. Capital World Investors now owns 349,917 shares of the business services provider's stock valued at $45,034,000 after acquiring an additional 299,283 shares during the period. Asset Management One Co. Ltd. boosted its holdings in shares of Booz Allen Hamilton by 10.2% in the first quarter. Asset Management One Co. Ltd. now owns 52,889 shares of the business services provider's stock valued at $5,531,000 after acquiring an additional 4,905 shares during the period. Natixis boosted its holdings in shares of Booz Allen Hamilton by 3,032.5% in the fourth quarter. Natixis now owns 42,163 shares of the business services provider's stock valued at $5,426,000 after acquiring an additional 40,817 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Booz Allen Hamilton in the fourth quarter valued at approximately $11,715,000. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

Booz Allen Hamilton Stock Performance

NYSE BAH traded up $0.56 during trading on Thursday, reaching $108.04. 810,104 shares of the company's stock were exchanged, compared to its average volume of 2,365,918. The business has a 50 day moving average price of $106.68 and a 200-day moving average price of $114.40. The stock has a market capitalization of $13.32 billion, a P/E ratio of 13.29, a PEG ratio of 1.69 and a beta of 0.48. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.78 and a quick ratio of 1.79. Booz Allen Hamilton Holding Corporation has a fifty-two week low of $98.95 and a fifty-two week high of $190.59.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last announced its quarterly earnings results on Friday, July 25th. The business services provider reported $1.48 EPS for the quarter, beating analysts' consensus estimates of $1.45 by $0.03. The company had revenue of $2.92 billion during the quarter, compared to analysts' expectations of $2.96 billion. Booz Allen Hamilton had a return on equity of 73.05% and a net margin of 8.70%. Booz Allen Hamilton's revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.38 EPS. Sell-side analysts forecast that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.04%. Booz Allen Hamilton's dividend payout ratio (DPR) is presently 27.03%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on BAH shares. Wells Fargo & Company decreased their price objective on Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating for the company in a report on Friday, May 23rd. Raymond James Financial restated a "market perform" rating on shares of Booz Allen Hamilton in a research note on Friday, May 23rd. Stifel Nicolaus upped their price target on Booz Allen Hamilton from $112.00 to $119.00 and gave the stock a "hold" rating in a research note on Monday. UBS Group upped their price target on Booz Allen Hamilton from $115.00 to $119.00 and gave the stock a "neutral" rating in a research note on Monday. Finally, JPMorgan Chase & Co. upped their price target on Booz Allen Hamilton from $115.00 to $122.00 and gave the stock an "underweight" rating in a research note on Monday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Booz Allen Hamilton has a consensus rating of "Hold" and an average price target of $134.00.

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.