GAM Holding AG Decreases Stock Holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

GAM Holding AG lessened its stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 51.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,794 shares of the business services provider's stock after selling 20,096 shares during the period. GAM Holding AG's holdings in Booz Allen Hamilton were worth $1,965,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. OFI Invest Asset Management purchased a new stake in shares of Booz Allen Hamilton in the 4th quarter valued at $25,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of 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 in the last quarter. EverSource Wealth Advisors LLC boosted its position in Booz Allen Hamilton by 144.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider's stock valued at $29,000 after buying an additional 134 shares during the period. SRS Capital Advisors Inc. boosted its position in Booz Allen Hamilton by 3,314.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider's stock valued at $31,000 after buying an additional 232 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Booz Allen Hamilton in the 4th quarter worth about $33,000. Hedge funds and other institutional investors own 91.82% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. The Goldman Sachs Group lowered 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. Truist Financial reduced 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. Barclays reduced 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 note on Wednesday, May 28th. Raymond James Financial reiterated a "market perform" rating on shares of Booz Allen Hamilton in a research note on Friday, May 23rd. Finally, Cantor Fitzgerald upgraded shares of Booz Allen Hamilton to a "strong-buy" rating in a research note on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $136.90.

Booz Allen Hamilton Stock Performance

NYSE BAH traded down $2.13 during trading hours on Friday, hitting $99.87. 3,314,784 shares of the company's stock traded hands, compared to its average volume of 1,719,108. The business's fifty day moving average price is $113.51 and its two-hundred day moving average price is $119.02. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 3.90. The firm has a market capitalization of $12.40 billion, a P/E ratio of 13.77, a P/E/G ratio of 1.56 and a beta of 0.49. Booz Allen Hamilton Holding Corporation has a 52 week low of $99.13 and a 52 week high of $190.59.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its quarterly earnings results on Friday, May 23rd. The business services provider reported $1.61 earnings per share for the quarter, topping analysts' consensus estimates of $1.59 by $0.02. The business had revenue of $2.97 billion during 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%. The company's revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.33 earnings per share. Equities research analysts predict that Booz Allen Hamilton Holding Corporation will post 6.44 EPS for the current year.

Booz Allen Hamilton Dividend Announcement

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

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.