Calamos Advisors LLC Invests $6.12 Million in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Calamos Advisors LLC purchased a new position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 58,500 shares of the business services provider's stock, valued at approximately $6,118,000.

A number of other large investors also recently modified their holdings of the company. FIL Ltd lifted its stake in Booz Allen Hamilton by 63.3% in the fourth quarter. FIL Ltd now owns 153,343 shares of the business services provider's stock worth $19,735,000 after purchasing an additional 59,440 shares during the last quarter. Capital World Investors increased its position in Booz Allen Hamilton by 591.1% during 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 last quarter. Victory Capital Management Inc. increased its position in Booz Allen Hamilton by 281.6% during the fourth quarter. Victory Capital Management Inc. now owns 172,634 shares of the business services provider's stock valued at $22,218,000 after acquiring an additional 127,394 shares during the last quarter. Taika Capital LP purchased a new stake in shares of Booz Allen Hamilton during the fourth quarter worth about $2,721,000. Finally, Asset Management One Co. Ltd. boosted its stake in Booz Allen Hamilton by 10.2% during 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 buying an additional 4,905 shares during the last quarter. 91.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the company. Wall Street Zen downgraded Booz Allen Hamilton from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. UBS Group lifted their price target on Booz Allen Hamilton from $120.00 to $135.00 and gave the company a "neutral" rating in a research note on Monday, May 19th. 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. The Goldman Sachs Group cut Booz Allen Hamilton from a "neutral" rating to a "sell" rating and cut their price target for the company from $108.00 to $94.00 in a research note on Wednesday, May 28th. Finally, JPMorgan Chase & Co. lowered 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. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $134.64.

Booz Allen Hamilton Price Performance

Shares of Booz Allen Hamilton stock traded down $0.72 on Wednesday, reaching $106.85. The stock had a trading volume of 730,321 shares, compared to its average volume of 1,773,018. The business's 50 day moving average is $111.11 and its two-hundred day moving average is $116.56. The company has a market cap of $13.27 billion, a P/E ratio of 14.74, a price-to-earnings-growth ratio of 1.72 and a beta of 0.48. 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 1 year low of $98.95 and a 1 year high of $190.59.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last issued its earnings results 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 return on equity of 72.35% and a net margin of 7.81%. The business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $3.03 billion. During the same quarter in the previous year, the firm earned $1.33 EPS. Booz Allen Hamilton's revenue was up 7.3% on a year-over-year basis. As a group, research analysts anticipate that Booz Allen Hamilton Holding Corporation will post 6.44 EPS for the current year.

Booz Allen Hamilton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Wednesday, June 11th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.06%. The ex-dividend date was Wednesday, June 11th. Booz Allen Hamilton's dividend payout ratio is currently 30.34%.

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.