Elevation Point Wealth Partners LLC Grows Stock Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Elevation Point Wealth Partners LLC boosted its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 17.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,225 shares of the business services provider's stock after acquiring an additional 3,582 shares during the quarter. Elevation Point Wealth Partners LLC's holdings in Booz Allen Hamilton were worth $2,533,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Bogart Wealth LLC grew its holdings in shares of Booz Allen Hamilton by 387.5% in the fourth 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 purchased a new position in Booz Allen Hamilton in the 4th quarter valued at approximately $25,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of 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 worth $26,000 after acquiring an additional 105 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Booz Allen Hamilton by 144.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider's stock worth $29,000 after acquiring an additional 134 shares during the period. 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 acquiring an additional 232 shares in the last quarter. 91.82% of the stock is owned by institutional investors and hedge funds.

Booz Allen Hamilton Stock Up 1.2%

Shares of NYSE:BAH traded up $1.25 during trading on Friday, hitting $103.35. 2,209,428 shares of the company were exchanged, compared to its average volume of 1,691,745. The firm's 50 day moving average price is $114.15 and its 200-day moving average price is $120.94. Booz Allen Hamilton Holding Co. has a 12-month low of $99.13 and a 12-month high of $190.59. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a market capitalization of $12.84 billion, a P/E ratio of 15.40, a PEG ratio of 1.25 and a beta of 0.49.

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 68.97% and a net margin of 7.39%. 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, research analysts predict that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Wednesday, June 11th will be issued a $0.55 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.13%. Booz Allen Hamilton's payout ratio is 30.34%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on BAH shares. Truist Financial lowered their target price 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. UBS Group boosted their price objective on Booz Allen Hamilton from $120.00 to $135.00 and gave the stock a "neutral" rating in a research report on Monday, May 19th. Wells Fargo & Company reduced their target price on shares of Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. JPMorgan Chase & Co. decreased their price target on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating for the company in a research note on Tuesday, April 15th. Finally, Wall Street Zen downgraded shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Booz Allen Hamilton presently has an average rating of "Hold" and an average target price of $136.90.

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.