Davis Investment Partners LLC Invests $533,000 in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Davis Investment Partners LLC bought a new stake in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,757 shares of the business services provider's stock, valued at approximately $533,000.

Other institutional investors also recently made changes to their positions in the company. Bogart Wealth LLC raised its position in shares of Booz Allen Hamilton by 387.5% in the 4th quarter. Bogart Wealth LLC now owns 195 shares of the business services provider's stock valued at $25,000 after purchasing an additional 155 shares in the last quarter. OFI Invest Asset Management acquired a new stake in shares of Booz Allen Hamilton during the 4th quarter valued at approximately $25,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Booz Allen Hamilton by 74.5% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 246 shares of the business services provider's stock valued at $26,000 after acquiring an additional 105 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Booz Allen Hamilton by 144.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider's stock valued at $29,000 after acquiring an additional 134 shares in the last quarter. Finally, SRS Capital Advisors Inc. raised its position in shares of Booz Allen Hamilton by 3,314.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider's stock valued at $31,000 after acquiring an additional 232 shares in the last quarter. 91.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BAH has been the topic of several research reports. Wells Fargo & Company dropped their price target on 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. The Goldman Sachs Group downgraded shares of Booz Allen Hamilton from a "neutral" rating to a "sell" rating and reduced their price target for the company from $108.00 to $94.00 in a report on Wednesday, May 28th. Barclays reduced their price target on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an "equal weight" rating for the company in a report on Wednesday, May 28th. William Blair downgraded shares of Booz Allen Hamilton from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. Finally, Cantor Fitzgerald raised shares of Booz Allen Hamilton to a "strong-buy" rating in a report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Booz Allen Hamilton has an average rating of "Hold" and an average target price of $136.90.

Booz Allen Hamilton Price Performance

BAH stock traded up $1.37 during trading hours on Thursday, hitting $102.02. 1,776,908 shares of the stock traded hands, compared to its average volume of 1,684,485. The stock has a 50-day simple moving average of $114.21 and a 200 day simple moving average of $121.25. Booz Allen Hamilton Holding Co. has a one year low of $99.13 and a one year high of $190.59. The company has a market cap of $12.67 billion, a P/E ratio of 15.20, a P/E/G ratio of 1.25 and a beta of 0.49. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.72.

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, beating analysts' consensus estimates of $1.59 by $0.02. Booz Allen Hamilton had a return on equity of 68.97% and a net margin of 7.39%. The business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $3.03 billion. During the same quarter last year, the company posted $1.33 EPS. Booz Allen Hamilton's revenue for the quarter was up 7.3% on a year-over-year basis. Equities analysts forecast that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Wednesday, June 11th will be given a $0.55 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.16%. Booz Allen Hamilton's dividend payout ratio (DPR) is 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.