Headlands Technologies LLC Sells 6,360 Shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Key Points

• Headlands Technologies LLC significantly reduced its stake in Booz Allen Hamilton by 92.0%, leaving it with only 551 shares worth $58,000 after selling 6,360 shares in the first quarter.
• Several institutional investors, including Trajan Wealth LLC and MassMutual Private Wealth & Trust FSB, have increased their holdings in Booz Allen Hamilton, indicating strong interest in the stock.
• Booz Allen Hamilton reported a quarterly earnings per share (EPS) of $1.48, exceeding analysts' estimates, although its revenue of $2.92 billion fell short of expectations.

Headlands Technologies LLC lessened its holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 92.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 551 shares of the business services provider's stock after selling 6,360 shares during the quarter. Headlands Technologies LLC's holdings in Booz Allen Hamilton were worth $58,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB grew its holdings 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 worth $26,000 after acquiring an additional 105 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Booz Allen Hamilton in the 4th quarter worth $33,000. Versant Capital Management Inc grew its holdings 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 worth $33,000 after acquiring an additional 276 shares during the last quarter. CX Institutional bought a new stake in Booz Allen Hamilton in the 1st quarter worth $33,000. Finally, Ancora Advisors LLC bought a new stake in Booz Allen Hamilton in the 4th quarter worth $34,000. Hedge funds and other institutional investors own 91.82% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on BAH shares. Wall Street Zen lowered shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Stifel Nicolaus lifted their target price on shares of Booz Allen Hamilton from $112.00 to $119.00 and gave the company a "hold" rating in a research note on Monday, July 28th. Wells Fargo & Company cut their target price on shares of Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating on the stock in a research note on Friday, May 23rd. UBS Group set a $119.00 target price on shares of Booz Allen Hamilton and gave the company a "neutral" rating in a research note on Monday, July 28th. Finally, Raymond James Financial reaffirmed a "market perform" rating on shares of Booz Allen Hamilton in a research note on Friday, May 23rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $134.00.

Booz Allen Hamilton Stock Up 1.2%

NYSE BAH traded up $1.34 during trading hours on Friday, reaching $109.49. 1,943,415 shares of the company's stock traded hands, compared to its average volume of 2,324,314. Booz Allen Hamilton Holding Corporation has a 52-week low of $98.95 and a 52-week high of $190.59. The firm has a market cap of $13.49 billion, a PE ratio of 13.45, a PEG ratio of 1.75 and a beta of 0.47. The firm has a 50-day simple moving average of $106.79 and a 200 day simple moving average of $112.31. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.78 and a quick ratio of 1.78.

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

Booz Allen Hamilton Dividend Announcement

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

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.