Cetera Investment Advisers Increases Stock Holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Cetera Investment Advisers grew its holdings in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 61.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 34,282 shares of the business services provider's stock after buying an additional 13,044 shares during the period. Cetera Investment Advisers' holdings in Booz Allen Hamilton were worth $3,585,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in BAH. Wakefield Asset Management LLLP lifted its holdings in shares of Booz Allen Hamilton by 43.2% during the first quarter. Wakefield Asset Management LLLP now owns 30,713 shares of the business services provider's stock valued at $3,212,000 after purchasing an additional 9,259 shares in the last quarter. Convergence Investment Partners LLC purchased a new stake in shares of Booz Allen Hamilton during the first quarter worth about $201,000. Roundview Capital LLC grew its position in shares of Booz Allen Hamilton by 3.9% during the first quarter. Roundview Capital LLC now owns 37,159 shares of the business services provider's stock worth $3,886,000 after purchasing an additional 1,407 shares in the last quarter. Close Asset Management Ltd boosted its stake in Booz Allen Hamilton by 3.9% during the first quarter. Close Asset Management Ltd now owns 949,390 shares of the business services provider's stock valued at $99,292,000 after buying an additional 36,008 shares during the last quarter. Finally, Oak Thistle LLC bought a new position in Booz Allen Hamilton during the first quarter valued at approximately $1,057,000. 91.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BAH. William Blair raised Booz Allen Hamilton from a "market perform" rating to an "outperform" rating in a research note on Monday, July 21st. Wall Street Zen lowered Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. The Goldman Sachs Group lowered Booz Allen Hamilton from a "neutral" rating to a "sell" rating and lowered their price objective for the company from $108.00 to $94.00 in a research note on Wednesday, May 28th. Wells Fargo & Company lowered their price objective 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, Truist Financial lowered their price objective 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. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $134.00.

Booz Allen Hamilton Stock Up 0.1%

Shares of NYSE:BAH traded up $0.15 on Tuesday, reaching $111.58. The company had a trading volume of 1,629,772 shares, compared to its average volume of 2,109,040. Booz Allen Hamilton Holding Corporation has a 52-week low of $98.95 and a 52-week high of $190.59. The firm's 50 day simple moving average is $105.95 and its 200-day simple moving average is $113.48. The firm has a market capitalization of $13.75 billion, a PE ratio of 13.71, a PEG ratio of 1.74 and a beta of 0.47. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 3.66.

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 analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $2.96 billion. During the same period last year, the business posted $1.38 EPS. The business's revenue was down .6% compared to the same quarter last year. As a group, analysts expect 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. Stockholders of record on Thursday, August 14th will be issued a $0.55 dividend. The ex-dividend date is Thursday, August 14th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.0%. Booz Allen Hamilton's dividend payout ratio (DPR) is currently 27.03%.

Booz Allen Hamilton Company 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.