Elevation Point Wealth Partners LLC Increases Stock Holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Elevation Point Wealth Partners LLC raised its holdings in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 17.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of BAH. Bogart Wealth LLC raised its holdings in Booz Allen Hamilton by 387.5% in the 4th quarter. Bogart Wealth LLC now owns 195 shares of the business services provider's stock worth $25,000 after purchasing an additional 155 shares during the period. OFI Invest Asset Management purchased a new stake in Booz Allen Hamilton in the fourth quarter worth about $25,000. MassMutual Private Wealth & Trust FSB raised 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 buying an additional 105 shares during the period. EverSource Wealth Advisors LLC lifted 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 buying an additional 134 shares in the last quarter. Finally, SRS Capital Advisors Inc. lifted 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 buying an additional 232 shares in the last quarter. Hedge funds and other institutional investors own 91.82% of the company's stock.

Analysts Set New Price Targets

BAH has been the topic of a number of recent analyst reports. William Blair cut shares of Booz Allen Hamilton from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. Truist Financial decreased their price objective on shares of 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. Wells Fargo & Company dropped their target price on shares of Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating for the company in a report on Friday, May 23rd. Cantor Fitzgerald upgraded Booz Allen Hamilton to a "strong-buy" rating in a research note on Tuesday, February 25th. Finally, UBS Group boosted their price objective on Booz Allen Hamilton from $120.00 to $135.00 and gave the company a "neutral" rating in a research report on Monday, May 19th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $136.90.

Booz Allen Hamilton Price Performance

Booz Allen Hamilton stock traded up $0.09 during midday trading on Tuesday, reaching $102.26. 1,667,853 shares of the stock traded hands, compared to its average volume of 1,703,028. The stock has a market cap of $12.70 billion, a P/E ratio of 14.11, a PEG ratio of 1.59 and a beta of 0.49. The stock's fifty day moving average is $113.94 and its 200-day moving average is $120.12. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 3.90. Booz Allen Hamilton Holding Corporation has a 12 month low of $99.13 and a 12 month high of $190.59.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last released its quarterly earnings data on Friday, May 23rd. The business services provider reported $1.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.59 by $0.02. Booz Allen Hamilton had a return on equity of 72.35% and a net margin of 7.81%. The business had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter in the previous year, the company posted $1.33 EPS. The company's revenue was up 7.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Booz Allen Hamilton Holding Corporation will post 6.44 EPS for the current 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 given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend is Wednesday, June 11th. Booz Allen Hamilton's dividend 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.