Cary Street Partners Financial LLC Has $422,000 Stock Position in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Key Points

• Cary Street Partners Financial LLC has significantly reduced its stake in Booz Allen Hamilton by 80.4%, selling 16,504 shares and leaving them with 4,035 shares valued at $422,000.
• Booz Allen Hamilton reported a quarterly EPS of $1.48, exceeding analysts' expectations, although their revenue of $2.92 billion was slightly below estimates of $2.96 billion.
• The company announced a quarterly dividend of $0.55, representing an annual yield of 2.0%, with payout scheduled for August 29th.

Cary Street Partners Financial LLC lowered its holdings in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 80.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,035 shares of the business services provider's stock after selling 16,504 shares during the period. Cary Street Partners Financial LLC's holdings in Booz Allen Hamilton were worth $422,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Janus Henderson Group PLC lifted its position in Booz Allen Hamilton by 179.7% during the 4th 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 lifted its position in Booz Allen Hamilton by 2,293.2% during the 4th quarter. Man Group plc now owns 1,128,389 shares of the business services provider's stock worth $145,224,000 after buying an additional 1,081,239 shares in the last quarter. Bank of America Corp DE lifted its position 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 purchasing an additional 590,655 shares during the period. Pacer Advisors Inc. acquired a new position in Booz Allen Hamilton during the 1st quarter valued at about $59,148,000. Finally, Allspring Global Investments Holdings LLC lifted its position in Booz Allen Hamilton by 2,108.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 545,017 shares of the business services provider's stock valued at $58,513,000 after purchasing an additional 520,339 shares during the period. Institutional investors and hedge funds own 91.82% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BAH. UBS Group set a $119.00 target price on shares of Booz Allen Hamilton and gave the company a "neutral" rating in a research report on Monday, July 28th. Raymond James Financial reaffirmed a "market perform" rating on shares of Booz Allen Hamilton in a research note on Friday, May 23rd. Truist Financial lowered their price target on Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating for the company in a research note on Monday, April 14th. Wells Fargo & Company lowered their price target on Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating for the company in a research note on Friday, May 23rd. Finally, The Goldman Sachs Group cut Booz Allen Hamilton from a "neutral" rating to a "sell" rating and lowered their price target for the company from $108.00 to $94.00 in a research note on Wednesday, May 28th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Booz Allen Hamilton has a consensus rating of "Hold" and an average price target of $134.00.

Booz Allen Hamilton Stock Down 0.3%

Shares of BAH traded down $0.34 during mid-day trading on Friday, hitting $110.45. 1,304,481 shares of the company's stock were exchanged, compared to its average volume of 2,110,297. The company has a market cap of $13.61 billion, a PE ratio of 13.57, a P/E/G ratio of 1.73 and a beta of 0.47. Booz Allen Hamilton Holding Corporation has a 52 week low of $98.95 and a 52 week high of $190.59. The company has a 50-day simple moving average of $106.29 and a 200 day simple moving average of $112.70. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.78 and a quick ratio of 1.78.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.03. Booz Allen Hamilton had a return on equity of 73.05% and a net margin of 8.70%. The business had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter last year, the firm posted $1.38 EPS. The company's quarterly revenue was down .6% on a year-over-year basis. On average, research analysts forecast that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Thursday, August 14th will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Thursday, August 14th. Booz Allen Hamilton's payout ratio is currently 27.03%.

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.