Cannon Global Investment Management LLC Makes New Investment in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Cannon Global Investment Management LLC acquired a new stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,000 shares of the business services provider's stock, valued at approximately $1,046,000. Booz Allen Hamilton makes up 1.8% of Cannon Global Investment Management LLC's portfolio, making the stock its 8th largest position.

A number of other hedge funds have also recently made changes to their positions in BAH. Norges Bank purchased a new stake in Booz Allen Hamilton in the 4th quarter worth $196,578,000. Raymond James Financial Inc. bought a new stake in shares of Booz Allen Hamilton in the fourth quarter worth about $173,055,000. Janus Henderson Group PLC lifted its position in shares of Booz Allen Hamilton by 179.7% in the fourth quarter. Janus Henderson Group PLC now owns 1,767,129 shares of the business services provider's stock worth $227,425,000 after buying an additional 1,135,426 shares in the last quarter. Man Group plc boosted its stake in Booz Allen Hamilton by 2,293.2% during the fourth quarter. Man Group plc now owns 1,128,389 shares of the business services provider's stock valued at $145,224,000 after buying an additional 1,081,239 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in Booz Allen Hamilton by 61.4% during 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 buying an additional 590,655 shares in the last quarter. Institutional investors own 91.82% of the company's stock.

Booz Allen Hamilton Trading Up 0.9%

Shares of NYSE BAH opened at $108.23 on Thursday. Booz Allen Hamilton Holding Corporation has a fifty-two week low of $98.95 and a fifty-two week high of $190.59. The company has a debt-to-equity ratio of 3.90, a quick ratio of 1.79 and a current ratio of 1.79. The company has a market cap of $13.44 billion, a price-to-earnings ratio of 14.93, a PEG ratio of 1.67 and a beta of 0.48. The business's 50 day moving average price is $111.97 and its 200-day moving average price is $117.34.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last issued its earnings results on Friday, May 23rd. The business services provider reported $1.61 EPS 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 business had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same period in the prior year, the firm earned $1.33 EPS. The company's revenue for the quarter was up 7.3% compared to the same quarter last year. On average, sell-side analysts expect that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Wednesday, June 11th were issued a dividend of $0.55 per share. The ex-dividend date was Wednesday, June 11th. This represents a $2.20 dividend on an annualized basis and a yield of 2.03%. Booz Allen Hamilton's dividend payout ratio is currently 30.34%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BAH. Stifel Nicolaus started coverage on Booz Allen Hamilton in a report on Tuesday, June 24th. They set a "hold" rating and a $112.00 price objective on the stock. Wall Street Zen downgraded shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. UBS Group increased their price objective on shares of Booz Allen Hamilton from $120.00 to $135.00 and gave the company a "neutral" rating in a research report on Monday, May 19th. Truist Financial decreased their target price on shares of Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating for the company in a report on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Booz Allen Hamilton presently has a consensus rating of "Hold" and an average 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.

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