Hennessy Advisors Inc. Invests $2.06 Million in Booz Allen Hamilton Holding Co. (NYSE:BAH)

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

Other hedge funds also recently made changes to their positions in the company. M&T Bank Corp raised its stake in shares of Booz Allen Hamilton by 0.9% in the 4th quarter. M&T Bank Corp now owns 10,171 shares of the business services provider's stock valued at $1,309,000 after purchasing an additional 88 shares in the last quarter. Verdence Capital Advisors LLC increased its holdings in Booz Allen Hamilton by 0.5% in the fourth quarter. Verdence Capital Advisors LLC now owns 16,579 shares of the business services provider's stock valued at $2,134,000 after buying an additional 90 shares during the last quarter. Trajan Wealth LLC raised its stake in Booz Allen Hamilton by 5.8% during the fourth quarter. Trajan Wealth LLC now owns 1,679 shares of the business services provider's stock valued at $216,000 after buying an additional 92 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings 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 worth $26,000 after buying an additional 105 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in shares of Booz Allen Hamilton by 33.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 440 shares of the business services provider's stock worth $56,000 after acquiring an additional 110 shares in the last quarter. Hedge funds and other institutional investors own 91.82% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wells Fargo & Company dropped their price objective on shares of Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. Wall Street Zen lowered shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Cantor Fitzgerald raised Booz Allen Hamilton to a "strong-buy" rating in a report on Tuesday, February 25th. The Goldman Sachs Group lowered Booz Allen Hamilton from a "neutral" rating to a "sell" rating and decreased their price target for the company from $108.00 to $94.00 in a research report on Wednesday, May 28th. Finally, UBS Group boosted their price objective on Booz Allen Hamilton from $120.00 to $135.00 and gave the stock a "neutral" rating in a report on Monday, May 19th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Booz Allen Hamilton has a consensus rating of "Hold" and a consensus target price of $136.90.

Booz Allen Hamilton Stock Down 1.2%

Shares of NYSE BAH traded down $1.23 during mid-day trading on Monday, hitting $102.07. The company had a trading volume of 2,051,050 shares, compared to its average volume of 1,698,444. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.72. The firm has a 50-day simple moving average of $114.15 and a two-hundred day simple moving average of $120.57. The company has a market capitalization of $12.68 billion, a PE ratio of 15.21, a price-to-earnings-growth ratio of 1.25 and a beta of 0.49. Booz Allen Hamilton Holding Co. has a one year low of $99.13 and a one year high of $190.59.

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

Booz Allen Hamilton Dividend Announcement

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