IFM Investors Pty Ltd Purchases 2,658 Shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH)

IFM Investors Pty Ltd boosted its holdings in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 18.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,207 shares of the business services provider's stock after purchasing an additional 2,658 shares during the period. IFM Investors Pty Ltd's holdings in Booz Allen Hamilton were worth $1,800,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. M&T Bank Corp lifted its stake in Booz Allen Hamilton by 0.9% during the fourth 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 during the last quarter. Trajan Wealth LLC lifted 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 purchasing an additional 92 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Booz Allen Hamilton by 74.5% during the first 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. Smartleaf Asset Management LLC lifted its stake in Booz Allen Hamilton by 33.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 440 shares of the business services provider's stock valued at $56,000 after purchasing an additional 110 shares during the last quarter. Finally, Yousif Capital Management LLC lifted its stake in Booz Allen Hamilton by 5.5% during the first quarter. Yousif Capital Management LLC now owns 2,389 shares of the business services provider's stock valued at $250,000 after purchasing an additional 124 shares during the last quarter. 91.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. The Goldman Sachs Group lowered shares of Booz Allen Hamilton from a "neutral" rating to a "sell" rating and cut their target price for the company from $108.00 to $94.00 in a research note on Wednesday, May 28th. Truist Financial reduced their price target on shares of Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating for the company in a research report on Monday, April 14th. 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 research report on Monday, May 19th. Wall Street Zen downgraded shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, Wells Fargo & Company reduced their price target on shares of Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating for the company in a research report on Friday, May 23rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Booz Allen Hamilton currently has an average rating of "Hold" and an average price target of $134.64.

Booz Allen Hamilton Stock Down 0.8%

Shares of NYSE:BAH traded down $0.90 during trading on Friday, reaching $106.78. 1,116,112 shares of the company traded hands, compared to its average volume of 1,787,428. The firm has a fifty day simple moving average of $110.36 and a 200 day simple moving average of $116.18. The firm has a market cap of $13.26 billion, a P/E ratio of 14.73, a price-to-earnings-growth ratio of 1.68 and a beta of 0.48. Booz Allen Hamilton Holding Corporation has a 1-year low of $98.95 and a 1-year high of $190.59. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 3.90.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last issued its earnings results on Friday, May 23rd. The business services provider reported $1.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.59 by $0.02. The company had revenue of $2.97 billion during the quarter, compared to analyst estimates of $3.03 billion. Booz Allen Hamilton had a net margin of 7.81% and a return on equity of 72.35%. The company's revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the business posted $1.33 EPS. Analysts anticipate that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Wednesday, June 11th were issued a $0.55 dividend. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $2.20 annualized dividend and a yield of 2.06%. Booz Allen Hamilton's dividend payout ratio (DPR) is presently 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.