Envestnet Asset Management Inc. Increases Position in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Envestnet Asset Management Inc. grew its position in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 0.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 942,546 shares of the business services provider's stock after purchasing an additional 5,202 shares during the period. Envestnet Asset Management Inc. owned about 0.74% of Booz Allen Hamilton worth $98,571,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Truist Financial Corp lifted its holdings in Booz Allen Hamilton by 22.9% during the first quarter. Truist Financial Corp now owns 418,124 shares of the business services provider's stock worth $43,727,000 after acquiring an additional 77,908 shares during the period. IFM Investors Pty Ltd increased its holdings in Booz Allen Hamilton by 18.3% during the first quarter. IFM Investors Pty Ltd now owns 17,207 shares of the business services provider's stock worth $1,800,000 after buying an additional 2,658 shares during the last quarter. Calamos Advisors LLC purchased a new stake in Booz Allen Hamilton during the first quarter worth about $6,118,000. Resonant Capital Advisors LLC raised its position in Booz Allen Hamilton by 2.6% in the first quarter. Resonant Capital Advisors LLC now owns 6,317 shares of the business services provider's stock worth $661,000 after acquiring an additional 158 shares during the period. Finally, Novem Group purchased a new position in Booz Allen Hamilton in the first quarter valued at about $580,000. 91.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on BAH shares. Truist Financial decreased their price target on shares of 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. Raymond James Financial reissued a "market perform" rating on shares of Booz Allen Hamilton in a research report on Friday, May 23rd. UBS Group upped their price target 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. Wells Fargo & Company decreased their price objective on Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating for the company in a report on Friday, May 23rd. Finally, Stifel Nicolaus started coverage on shares of Booz Allen Hamilton in a report on Tuesday, June 24th. They set a "hold" rating and a $112.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $134.64.

Booz Allen Hamilton Price Performance

Shares of BAH traded down $0.90 during mid-day trading on Friday, reaching $106.78. 1,116,112 shares of the stock traded hands, compared to its average volume of 1,793,109. The company has a market cap of $13.26 billion, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of 1.67 and a beta of 0.48. Booz Allen Hamilton Holding Corporation has a 1 year low of $98.95 and a 1 year high of $190.59. The firm has a fifty day moving average price of $110.36 and a 200 day moving average price of $115.98. 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 (NYSE:BAH - Get Free Report) last posted its earnings results on Friday, May 23rd. The business services provider reported $1.61 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $3.03 billion. During the same period in the previous year, the business earned $1.33 earnings per share. The firm's revenue was up 7.3% on a year-over-year basis. As a group, equities research analysts predict that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Wednesday, June 11th were given a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.06%. The ex-dividend date was Wednesday, June 11th. 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.