Hennessy Advisors Inc. Makes New $2.06 Million Investment in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Hennessy Advisors Inc. bought a new position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 19,700 shares of the business services provider's stock, valued at approximately $2,060,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bogart Wealth LLC lifted its position in Booz Allen Hamilton by 387.5% in the fourth quarter. Bogart Wealth LLC now owns 195 shares of the business services provider's stock worth $25,000 after buying an additional 155 shares during the last quarter. OFI Invest Asset Management purchased a new stake in shares of Booz Allen Hamilton in the fourth quarter valued at $25,000. MassMutual Private Wealth & Trust FSB lifted its holdings 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 worth $26,000 after acquiring an additional 105 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of 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 purchasing an additional 134 shares during the period. Finally, SRS Capital Advisors Inc. boosted its stake in shares of 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 worth $31,000 after purchasing an additional 232 shares during the period. Institutional investors own 91.82% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on BAH shares. William Blair lowered Booz Allen Hamilton from an "outperform" rating to a "market perform" rating in a research note 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 report on Tuesday, April 15th. Wells Fargo & Company dropped 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. Cantor Fitzgerald raised shares of Booz Allen Hamilton to a "strong-buy" rating in a research note on Tuesday, February 25th. Finally, Truist Financial cut their target price 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. Two analysts have rated the stock with a sell rating, seven have assigned 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, the stock currently has a consensus rating of "Hold" and a consensus target price of $136.90.

Booz Allen Hamilton Stock Down 0.2%

NYSE:BAH traded down $0.23 during midday trading on Thursday, reaching $101.99. The company had a trading volume of 1,382,556 shares, compared to its average volume of 1,706,536. The stock's fifty day simple moving average is $113.82 and its 200-day simple moving average is $120.00. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 3.90. Booz Allen Hamilton Holding Corporation has a 12-month low of $99.13 and a 12-month high of $190.59. The firm has a market capitalization of $12.67 billion, a price-to-earnings ratio of 14.07, a PEG ratio of 1.59 and a beta of 0.49.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.59 by $0.02. The company had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $3.03 billion. Booz Allen Hamilton had a return on equity of 72.35% and a net margin of 7.81%. Booz Allen Hamilton's revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.33 EPS. On average, sell-side analysts anticipate that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Wednesday, June 11th will be paid a dividend of $0.55 per share. The ex-dividend date is Wednesday, June 11th. This represents a $2.20 annualized dividend and a dividend yield of 2.16%. Booz Allen Hamilton's dividend payout ratio (DPR) is 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.