Janney Montgomery Scott LLC Decreases Position in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Janney Montgomery Scott LLC lessened its stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 19.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,485 shares of the business services provider's stock after selling 3,230 shares during the period. Janney Montgomery Scott LLC's holdings in Booz Allen Hamilton were worth $1,410,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. GW&K Investment Management LLC lifted its position in Booz Allen Hamilton by 0.7% in the fourth quarter. GW&K Investment Management LLC now owns 461,517 shares of the business services provider's stock valued at $59,397,000 after purchasing an additional 3,435 shares during the last quarter. Versor Investments LP purchased a new position in shares of Booz Allen Hamilton in the fourth quarter worth $933,000. FIL Ltd boosted its position in Booz Allen Hamilton by 63.3% during the 4th quarter. FIL Ltd now owns 153,343 shares of the business services provider's stock valued at $19,735,000 after buying an additional 59,440 shares during the period. Bridges Investment Management Inc. grew its holdings in Booz Allen Hamilton by 19.2% in the 4th quarter. Bridges Investment Management Inc. now owns 117,661 shares of the business services provider's stock worth $15,143,000 after acquiring an additional 18,930 shares during the last quarter. Finally, Capital World Investors increased its position in shares of Booz Allen Hamilton by 591.1% in the fourth quarter. Capital World Investors now owns 349,917 shares of the business services provider's stock valued at $45,034,000 after acquiring an additional 299,283 shares during the period. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

Booz Allen Hamilton Stock Up 3.1%

NYSE BAH traded up $3.18 during trading hours on Tuesday, reaching $107.31. 1,957,472 shares of the company's stock traded hands, compared to its average volume of 1,753,551. Booz Allen Hamilton Holding Corporation has a 52-week low of $98.95 and a 52-week high of $190.59. The company has a debt-to-equity ratio of 3.90, a current ratio of 1.79 and a quick ratio of 1.79. The firm has a 50-day simple moving average of $112.13 and a 200 day simple moving average of $117.41. The firm has a market cap of $13.33 billion, a PE ratio of 14.80, a PEG ratio of 1.62 and a beta of 0.48.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last released its earnings results on Friday, May 23rd. The business services provider reported $1.61 earnings per share (EPS) 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 net margin of 7.81% and a return on equity of 72.35%. The business's revenue was up 7.3% on a year-over-year basis. During the same period last year, the business earned $1.33 earnings per share. Sell-side analysts anticipate that Booz Allen Hamilton Holding Corporation will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Wednesday, June 11th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend was Wednesday, June 11th. Booz Allen Hamilton's dividend payout ratio (DPR) is 30.34%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on BAH shares. JPMorgan Chase & Co. dropped their target price 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. Truist Financial dropped their price objective on Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating for the company in a report on Monday, April 14th. Raymond James Financial reissued a "market perform" rating on shares of Booz Allen Hamilton in a research note on Friday, May 23rd. Wall Street Zen lowered Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Finally, Wells Fargo & Company cut their price target 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. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $134.64.

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.