Financial Counselors Inc. Decreases Holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Financial Counselors Inc. decreased its position in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 3.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 96,687 shares of the business services provider's stock after selling 3,857 shares during the period. Financial Counselors Inc. owned approximately 0.08% of Booz Allen Hamilton worth $10,112,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. OFI Invest Asset Management bought a new stake in shares of Booz Allen Hamilton in the 4th quarter valued at about $25,000. MassMutual Private Wealth & Trust FSB lifted its stake in Booz Allen Hamilton by 74.5% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 246 shares of the business services provider's stock valued at $26,000 after purchasing an additional 105 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Booz Allen Hamilton by 144.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider's stock valued at $29,000 after purchasing an additional 134 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Booz Allen Hamilton in the 4th quarter valued at about $33,000. Finally, Versant Capital Management Inc lifted its stake in Booz Allen Hamilton by 627.3% in the 1st quarter. Versant Capital Management Inc now owns 320 shares of the business services provider's stock valued at $33,000 after purchasing an additional 276 shares during the last quarter. Institutional investors and hedge funds own 91.82% of the company's stock.

Booz Allen Hamilton Price Performance

NYSE BAH traded down $0.90 during trading hours on Friday, reaching $106.78. 1,116,112 shares of the stock traded hands, compared to its average volume of 1,787,428. The stock has a 50 day simple moving average of $110.36 and a two-hundred day simple moving average of $116.18. Booz Allen Hamilton Holding Corporation has a 1 year low of $98.95 and a 1 year 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 company has a market cap of $13.26 billion, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of 1.68 and a beta of 0.48.

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 EPS for the quarter, topping the consensus estimate of $1.59 by $0.02. The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $3.03 billion. Booz Allen Hamilton had a return on equity of 72.35% and a net margin of 7.81%. The company's quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.33 earnings per share. On average, analysts predict that Booz Allen Hamilton Holding Corporation will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Wednesday, June 11th were given a $0.55 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.06%. Booz Allen Hamilton's dividend payout ratio is currently 30.34%.

Analyst Ratings Changes

Several brokerages have issued reports on BAH. Stifel Nicolaus began coverage on shares of Booz Allen Hamilton in a research report on Tuesday, June 24th. They set a "hold" rating and a $112.00 price objective for the company. Barclays dropped their price target on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an "equal weight" rating for the company in a research report on Wednesday, May 28th. UBS Group boosted their price objective on shares of Booz Allen Hamilton from $120.00 to $135.00 and gave the company a "neutral" rating in a research report on Monday, May 19th. Wall Street Zen cut shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average 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.