Forsta AP Fonden Has $3.40 Million Stock Holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Key Points

• Forsta AP Fonden increased its stake in Booz Allen Hamilton by 16.9%, now holding 32,500 shares valued at approximately $3.4 million.
• The company's recent earnings report showed EPS of $1.48, surpassing analyst expectations, but revenue was slightly down by 0.6% year-over-year.
• Booz Allen Hamilton also declared a quarterly dividend of $0.55 per share, with a yield of 2.0%, reflecting a healthy payout ratio of 27.03%.

Forsta AP Fonden increased its position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 16.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,500 shares of the business services provider's stock after acquiring an additional 4,700 shares during the period. Forsta AP Fonden's holdings in Booz Allen Hamilton were worth $3,399,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB boosted its position in shares of Booz Allen Hamilton by 74.5% during the 1st 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. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Booz Allen Hamilton during the 4th quarter worth approximately $33,000. Versant Capital Management Inc increased its position in Booz Allen Hamilton by 627.3% during the 1st quarter. Versant Capital Management Inc now owns 320 shares of the business services provider's stock worth $33,000 after purchasing an additional 276 shares in the last quarter. CX Institutional acquired a new position in Booz Allen Hamilton during the 1st quarter worth approximately $33,000. Finally, Ancora Advisors LLC acquired a new position in Booz Allen Hamilton during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 91.82% of the company's stock.

Booz Allen Hamilton Stock Performance

NYSE:BAH opened at $109.21 on Tuesday. The company has a market capitalization of $13.46 billion, a PE ratio of 13.42, a P/E/G ratio of 1.73 and a beta of 0.47. The company has a 50 day simple moving average of $106.40 and a two-hundred day simple moving average of $112.53. The company has a debt-to-equity ratio of 3.66, a quick ratio of 1.78 and a current ratio of 1.78. Booz Allen Hamilton Holding Corporation has a fifty-two week low of $98.95 and a fifty-two week high of $190.59.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last released its earnings results on Friday, July 25th. The business services provider reported $1.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.45 by $0.03. The business had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.96 billion. Booz Allen Hamilton had a net margin of 8.70% and a return on equity of 73.05%. The company's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.38 EPS. Research analysts anticipate that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Thursday, August 14th will be paid a $0.55 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $2.20 annualized dividend and a yield of 2.0%. Booz Allen Hamilton's payout ratio is 27.03%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BAH. Wells Fargo & Company lowered their price objective on shares of Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating for the company in a research report on Friday, May 23rd. William Blair upgraded shares of Booz Allen Hamilton from a "market perform" rating to an "outperform" rating in a research report on Monday, July 21st. UBS Group set a $119.00 price objective on shares of Booz Allen Hamilton and gave the stock a "neutral" rating in a research report on Monday, July 28th. Truist Financial lowered their price objective on shares of Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Finally, Raymond James Financial reiterated a "market perform" rating on shares of Booz Allen Hamilton in a research report on Friday, May 23rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $134.00.

Booz Allen Hamilton 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.

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