Envestnet Portfolio Solutions Inc. Cuts Stock Holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Envestnet Portfolio Solutions Inc. trimmed its position in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 53.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,388 shares of the business services provider's stock after selling 14,378 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Booz Allen Hamilton were worth $1,296,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. OFI Invest Asset Management acquired a new position in Booz Allen Hamilton during the 4th quarter worth approximately $25,000. EverSource Wealth Advisors LLC grew its holdings in 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. SRS Capital Advisors Inc. grew its holdings in Booz Allen Hamilton by 3,314.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider's stock worth $31,000 after acquiring an additional 232 shares during the period. 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 worth $26,000 after acquiring an additional 105 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Booz Allen Hamilton in the fourth quarter valued at $33,000. 91.82% of the stock is owned by institutional investors and hedge funds.

Booz Allen Hamilton Trading Up 1.1%

NYSE:BAH traded up $1.08 on Wednesday, reaching $101.24. The stock had a trading volume of 1,531,338 shares, compared to its average volume of 1,723,040. The company has a market cap of $12.57 billion, a price-to-earnings ratio of 13.96, a P/E/G ratio of 1.57 and a beta of 0.49. Booz Allen Hamilton Holding Corporation has a 12-month low of $98.95 and a 12-month high of $190.59. The company has a debt-to-equity ratio of 3.90, a current ratio of 1.79 and a quick ratio of 1.79. The firm's fifty day moving average is $113.07 and its two-hundred day moving average is $118.58.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last announced its earnings results 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. The firm had revenue of $2.97 billion for the quarter, compared to analyst estimates of $3.03 billion. Booz Allen Hamilton had a net margin of 7.81% and a return on equity of 72.35%. Booz Allen Hamilton's revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.33 earnings per share. Equities analysts expect that Booz Allen Hamilton Holding Corporation will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Wednesday, June 11th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $2.20 annualized dividend and a yield of 2.17%. Booz Allen Hamilton's dividend payout ratio (DPR) is presently 30.34%.

Analyst Ratings Changes

Several analysts recently commented on the stock. Raymond James Financial reiterated a "market perform" rating on shares of Booz Allen Hamilton in a research note on Friday, May 23rd. Cantor Fitzgerald upgraded shares of Booz Allen Hamilton to a "strong-buy" rating in a research report on Tuesday, February 25th. The Goldman Sachs Group lowered Booz Allen Hamilton from a "neutral" rating to a "sell" rating and decreased their price target for the stock from $108.00 to $94.00 in a research note on Wednesday, May 28th. Wall Street Zen downgraded Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Finally, Stifel Nicolaus began coverage on Booz Allen Hamilton in a research report on Tuesday. They set a "hold" rating and a $112.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $134.64.

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.