Federated Hermes Inc. Has $48.31 Million Stock Position in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Federated Hermes Inc. lifted its stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 40.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 461,957 shares of the business services provider's stock after purchasing an additional 132,879 shares during the quarter. Federated Hermes Inc. owned 0.36% of Booz Allen Hamilton worth $48,311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. FIL Ltd raised its position in Booz Allen Hamilton by 63.3% during the fourth quarter. FIL Ltd now owns 153,343 shares of the business services provider's stock valued at $19,735,000 after acquiring an additional 59,440 shares in the last quarter. Capital World Investors grew its stake in shares of Booz Allen Hamilton by 591.1% in the fourth quarter. Capital World Investors now owns 349,917 shares of the business services provider's stock worth $45,034,000 after acquiring an additional 299,283 shares during the last quarter. Asset Management One Co. Ltd. grew its stake in shares of Booz Allen Hamilton by 10.2% in the first quarter. Asset Management One Co. Ltd. now owns 52,889 shares of the business services provider's stock worth $5,531,000 after acquiring an additional 4,905 shares during the last quarter. Natixis grew its stake in shares of Booz Allen Hamilton by 3,032.5% in the fourth quarter. Natixis now owns 42,163 shares of the business services provider's stock worth $5,426,000 after acquiring an additional 40,817 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Booz Allen Hamilton during the fourth quarter worth $11,715,000. 91.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BAH. The Goldman Sachs Group downgraded shares of 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 cut Booz Allen Hamilton from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. UBS Group boosted their price objective on shares of Booz Allen Hamilton from $115.00 to $119.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Stifel Nicolaus set a $119.00 price target on Booz Allen Hamilton and gave the stock a "hold" rating in a research report on Monday, July 28th. Finally, JPMorgan Chase & Co. increased their price objective on Booz Allen Hamilton from $115.00 to $122.00 and gave the company an "underweight" rating in a report on Monday, July 28th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $134.00.

Booz Allen Hamilton Price Performance

Booz Allen Hamilton stock traded up $2.39 during trading hours on Friday, reaching $109.72. 2,082,259 shares of the stock were exchanged, compared to its average volume of 2,037,572. The stock has a 50 day moving average of $105.85 and a two-hundred day moving average of $113.98. The company has a market cap of $13.52 billion, a P/E ratio of 13.48, a price-to-earnings-growth ratio of 1.68 and a beta of 0.47. The company has a current ratio of 1.78, a quick ratio of 1.79 and a debt-to-equity ratio of 3.66. Booz Allen Hamilton Holding Corporation has a twelve month low of $98.95 and a twelve month high of $190.59.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last released its quarterly earnings data on Friday, July 25th. The business services provider reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.03. The business had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.96 billion. Booz Allen Hamilton had a return on equity of 73.05% and a net margin of 8.70%. Booz Allen Hamilton's revenue was down .6% compared to the same quarter last year. During the same period last year, the firm posted $1.38 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Thursday, August 14th will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Thursday, August 14th. Booz Allen Hamilton's dividend payout ratio (DPR) is presently 27.03%.

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.