GSA Capital Partners LLP Takes Position in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Key Points

• GSA Capital Partners LLP has acquired a new position in Booz Allen Hamilton, purchasing 5,900 shares valued at approximately $617,000. This reflects ongoing interest from institutional investors in the company.
• Booz Allen Hamilton reported a quarterly EPS of $1.48, surpassing analysts' estimates of $1.45, albeit with a slight decline in revenue year-over-year.
• The company will pay a quarterly dividend of $0.55 per share, which represents a 2.0% yield and a dividend payout ratio of 27.03%.

GSA Capital Partners LLP acquired a new position in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,900 shares of the business services provider's stock, valued at approximately $617,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Trust Advisors LP grew its position in shares of Booz Allen Hamilton by 15.3% in the 4th quarter. First Trust Advisors LP now owns 2,804,642 shares of the business services provider's stock worth $360,957,000 after buying an additional 371,390 shares during the period. Janus Henderson Group PLC grew its position in shares of Booz Allen Hamilton by 179.7% in the 4th quarter. Janus Henderson Group PLC now owns 1,767,129 shares of the business services provider's stock worth $227,425,000 after buying an additional 1,135,426 shares during the period. Bessemer Group Inc. grew its position in shares of Booz Allen Hamilton by 15.3% in the 1st quarter. Bessemer Group Inc. now owns 1,710,181 shares of the business services provider's stock worth $178,853,000 after buying an additional 226,761 shares during the period. Bank of America Corp DE grew its position in shares of Booz Allen Hamilton by 61.4% in the 4th quarter. Bank of America Corp DE now owns 1,552,217 shares of the business services provider's stock worth $199,770,000 after buying an additional 590,655 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Booz Allen Hamilton by 15.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,254,345 shares of the business services provider's stock worth $161,434,000 after buying an additional 170,934 shares during the period. 91.82% of the stock is currently owned by institutional investors.

Booz Allen Hamilton Trading Up 0.1%

BAH stock traded up $0.15 during mid-day trading on Tuesday, reaching $111.58. 1,629,772 shares of the stock traded hands, compared to its average volume of 2,109,040. The stock has a market capitalization of $13.75 billion, a PE ratio of 13.71, a PEG ratio of 1.74 and a beta of 0.47. Booz Allen Hamilton Holding Corporation has a one year low of $98.95 and a one year high of $190.59. The company has a debt-to-equity ratio of 3.66, a quick ratio of 1.78 and a current ratio of 1.78. The business has a 50-day moving average price of $105.95 and a two-hundred day moving average price of $113.48.

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, topping analysts' consensus estimates of $1.45 by $0.03. The company had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.96 billion. Booz Allen Hamilton had a net margin of 8.70% and a return on equity of 73.05%. The firm's revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.38 earnings per share. Equities research analysts expect that Booz Allen Hamilton Holding Corporation will post 6.44 EPS for the current year.

Booz Allen Hamilton Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. The Goldman Sachs Group downgraded shares of Booz Allen Hamilton from a "neutral" rating to a "sell" rating and cut their price objective for the company from $108.00 to $94.00 in a research report on Wednesday, May 28th. JPMorgan Chase & Co. increased their price objective on shares of Booz Allen Hamilton from $115.00 to $122.00 and gave the company an "underweight" rating in a research report on Monday, July 28th. Truist Financial cut their price objective on shares of Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. William Blair raised shares of Booz Allen Hamilton from a "market perform" rating to an "outperform" rating in a report on Monday, July 21st. Finally, Stifel Nicolaus set a $119.00 price target on shares of Booz Allen Hamilton and gave the company a "hold" rating in a report on Monday, July 28th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Booz Allen Hamilton currently has an average rating of "Hold" and a consensus price target of $134.00.

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.