DAVENPORT & Co LLC Boosts Stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

DAVENPORT & Co LLC boosted its holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 89.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 94,334 shares of the business services provider's stock after purchasing an additional 44,536 shares during the period. DAVENPORT & Co LLC owned about 0.07% of Booz Allen Hamilton worth $9,876,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. QRG Capital Management Inc. grew its position in shares of Booz Allen Hamilton by 11.9% during the 4th quarter. QRG Capital Management Inc. now owns 3,916 shares of the business services provider's stock valued at $504,000 after acquiring an additional 418 shares during the period. Private Trust Co. NA lifted its stake in Booz Allen Hamilton by 371.2% in the fourth quarter. Private Trust Co. NA now owns 311 shares of the business services provider's stock valued at $40,000 after purchasing an additional 245 shares during the last quarter. Metis Global Partners LLC grew its holdings in Booz Allen Hamilton by 7.2% during the fourth quarter. Metis Global Partners LLC now owns 2,651 shares of the business services provider's stock valued at $341,000 after purchasing an additional 177 shares during the period. Smartleaf Asset Management LLC increased its position in Booz Allen Hamilton by 33.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 440 shares of the business services provider's stock worth $56,000 after buying an additional 110 shares during the last quarter. Finally, SRS Capital Advisors Inc. raised its stake in shares of Booz Allen Hamilton by 3,314.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider's stock valued at $31,000 after buying an additional 232 shares during the period. Institutional investors own 91.82% of the company's stock.

Booz Allen Hamilton Price Performance

Booz Allen Hamilton stock traded down $0.15 during midday trading on Friday, reaching $108.12. 1,584,440 shares of the stock were exchanged, compared to its average volume of 1,764,385. 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 debt-to-equity ratio of 3.90, a quick ratio of 1.79 and a current ratio of 1.79. The firm has a market cap of $13.43 billion, a PE ratio of 14.91, a PEG ratio of 1.70 and a beta of 0.48. The company's fifty day moving average is $111.51 and its 200-day moving average is $116.96.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last released its quarterly earnings results on Friday, May 23rd. The business services provider reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.02. The firm had revenue of $2.97 billion for the quarter, compared to analysts' expectations of $3.03 billion. Booz Allen Hamilton had a net margin of 7.81% and a return on equity of 72.35%. The business's quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.33 earnings per share. On average, sell-side analysts forecast that Booz Allen Hamilton Holding Corporation will post 6.44 EPS for the current year.

Booz Allen Hamilton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Wednesday, June 11th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.03%. Booz Allen Hamilton's dividend payout ratio (DPR) is presently 30.34%.

Wall Street Analyst Weigh In

BAH has been the subject of several research reports. Truist Financial cut 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. Barclays cut their target price on shares of 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. Wells Fargo & Company lowered their price target on shares of Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating on the stock in a research report on Friday, May 23rd. Wall Street Zen cut shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Finally, The Goldman Sachs Group downgraded shares of Booz Allen Hamilton from a "neutral" rating to a "sell" rating and cut their price objective for the stock from $108.00 to $94.00 in a report on Wednesday, May 28th. Two 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. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $134.64.

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.