Harbor Capital Advisors Inc. Raises Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Harbor Capital Advisors Inc. boosted its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 20.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,843 shares of the business services provider's stock after purchasing an additional 2,846 shares during the period. Harbor Capital Advisors Inc.'s holdings in Booz Allen Hamilton were worth $1,761,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of BAH. Bogart Wealth LLC grew its holdings in shares of Booz Allen Hamilton by 387.5% during the fourth quarter. Bogart Wealth LLC now owns 195 shares of the business services provider's stock valued at $25,000 after buying an additional 155 shares during the last quarter. OFI Invest Asset Management purchased a new position in Booz Allen Hamilton in the 4th quarter worth $25,000. EverSource Wealth Advisors LLC lifted 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 worth $29,000 after acquiring an additional 134 shares during the period. SRS Capital Advisors Inc. grew its stake 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 purchasing an additional 232 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in 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 valued at $26,000 after purchasing an additional 105 shares during the last quarter. Institutional investors and hedge funds own 91.82% of the company's stock.

Booz Allen Hamilton Stock Performance

BAH traded up $1.25 on Friday, reaching $103.35. The stock had a trading volume of 2,209,428 shares, compared to its average volume of 1,686,576. The business's 50-day moving average price is $114.21 and its two-hundred day moving average price is $121.25. The company has a market cap of $12.84 billion, a P/E ratio of 15.40, a price-to-earnings-growth ratio of 1.25 and a beta of 0.49. Booz Allen Hamilton Holding Co. has a 12-month low of $99.13 and a 12-month high of $190.59. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.72.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last announced its quarterly earnings results on Friday, May 23rd. The business services provider reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.02. The firm had revenue of $2.97 billion during the quarter, compared to analyst estimates of $3.03 billion. Booz Allen Hamilton had a return on equity of 68.97% and a net margin of 7.39%. Booz Allen Hamilton's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.33 EPS. Sell-side analysts forecast that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Wednesday, June 11th will be paid a $0.55 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $2.20 dividend on an annualized basis and a yield of 2.13%. Booz Allen Hamilton's dividend payout ratio is currently 30.34%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. William Blair downgraded Booz Allen Hamilton from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. JPMorgan Chase & Co. decreased their price objective on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating for the company in a research note on Tuesday, April 15th. Barclays dropped their price objective on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an "equal weight" rating on the stock in a report on Wednesday, May 28th. Truist Financial reduced their target price on shares of Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating for the company in a report on Monday, April 14th. Finally, UBS Group upped their price target on shares of Booz Allen Hamilton from $120.00 to $135.00 and gave the company a "neutral" rating in a report on Monday, May 19th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Booz Allen Hamilton presently has an average rating of "Hold" and a consensus target price of $136.90.

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.