DekaBank Deutsche Girozentrale Reduces Holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

DekaBank Deutsche Girozentrale decreased its position in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 16.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 135,609 shares of the business services provider's stock after selling 27,057 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.11% of Booz Allen Hamilton worth $13,852,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BAH. MassMutual Private Wealth & Trust FSB raised its position in Booz Allen Hamilton by 74.5% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 246 shares of the business services provider's stock valued at $26,000 after purchasing an additional 105 shares during the period. EverSource Wealth Advisors LLC raised its position in Booz Allen Hamilton by 144.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider's stock valued at $29,000 after purchasing an additional 134 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Booz Allen Hamilton in the fourth quarter valued at approximately $33,000. Versant Capital Management Inc increased its position in shares of Booz Allen Hamilton by 627.3% during the first quarter. Versant Capital Management Inc now owns 320 shares of the business services provider's stock worth $33,000 after acquiring an additional 276 shares during the period. Finally, CX Institutional purchased a new stake in shares of Booz Allen Hamilton during the first quarter worth $33,000. Hedge funds and other institutional investors own 91.82% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on BAH shares. Wells Fargo & Company cut their price objective 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. Truist Financial cut their price objective on 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. JPMorgan Chase & Co. cut their price objective on Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 15th. Stifel Nicolaus started coverage on Booz Allen Hamilton in a research report on Tuesday, June 24th. They set a "hold" rating and a $112.00 price objective on the stock. Finally, Barclays cut their price objective on Booz Allen Hamilton from $140.00 to $120.00 and set an "equal weight" rating on the stock in a research report on Wednesday, May 28th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $134.64.

Booz Allen Hamilton Stock Down 0.8%

NYSE:BAH traded down $0.90 during trading hours on Friday, hitting $106.78. The company's stock had a trading volume of 1,116,112 shares, compared to its average volume of 1,787,428. The stock has a market capitalization of $13.26 billion, a P/E ratio of 14.73, a price-to-earnings-growth ratio of 1.68 and a beta of 0.48. The stock has a fifty day moving average of $110.36 and a 200-day moving average of $116.18. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 3.90. Booz Allen Hamilton Holding Corporation has a 52-week low of $98.95 and a 52-week high of $190.59.

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

Booz Allen Hamilton Announces Dividend

The company also recently disclosed 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. This represents a $2.20 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend was Wednesday, June 11th. Booz Allen Hamilton's payout ratio is 30.34%.

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.