Jefferies Financial Group Inc. Buys New Stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Key Points

• Jefferies Financial Group Inc. has made a new investment in Booz Allen Hamilton by acquiring 2,700 shares valued at approximately $282,000 in the first quarter.
• Booz Allen Hamilton has experienced significant changes in institutional ownership, with MassMutual Private Wealth & Trust FSB increasing its stake by 74.5%, while hedge funds and other institutions now hold 91.82% of the company's stock.
• The company's recent quarterly earnings showed an EPS of $1.48, beating estimates, although revenue decreased by 0.6% year-over-year, prompting mixed ratings from analysts.

Jefferies Financial Group Inc. bought a new stake in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,700 shares of the business services provider's stock, valued at approximately $282,000.

Several other institutional investors and hedge funds also recently made changes to their positions in BAH. Alberta Investment Management Corp increased its stake in shares of Booz Allen Hamilton by 27.9% in the first quarter. Alberta Investment Management Corp now owns 37,600 shares of the business services provider's stock worth $3,932,000 after buying an additional 8,200 shares during the period. XTX Topco Ltd increased its stake in shares of Booz Allen Hamilton by 348.1% in the first quarter. XTX Topco Ltd now owns 19,365 shares of the business services provider's stock worth $2,025,000 after buying an additional 15,043 shares during the period. Banque Cantonale Vaudoise purchased a new position in shares of Booz Allen Hamilton in the first quarter worth $37,000. GSA Capital Partners LLP purchased a new position in shares of Booz Allen Hamilton in the first quarter worth $617,000. Finally, Federated Hermes Inc. increased its stake in shares of Booz Allen Hamilton by 40.4% in the first quarter. Federated Hermes Inc. now owns 461,957 shares of the business services provider's stock worth $48,311,000 after buying an additional 132,879 shares during the period. Institutional investors own 91.82% of the company's stock.

Booz Allen Hamilton Stock Performance

NYSE BAH traded down $0.14 on Tuesday, reaching $109.04. 1,949,624 shares of the stock were exchanged, compared to its average volume of 2,330,003. Booz Allen Hamilton Holding Corporation has a one year low of $98.95 and a one year high of $190.59. The firm has a market capitalization of $13.44 billion, a PE ratio of 13.40, a PEG ratio of 1.73 and a beta of 0.47. The company's 50-day simple moving average is $106.40 and its two-hundred day simple moving average is $112.53. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 3.66.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last released its earnings results on Friday, July 25th. The business services provider reported $1.48 EPS for the quarter, topping 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 for the quarter, compared to analysts' expectations of $2.96 billion. During the same quarter last year, the business earned $1.38 EPS. The firm's revenue was down .6% compared to the same quarter last year. Analysts expect 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 will be paid on Friday, August 29th. Stockholders of record on Thursday, August 14th will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Thursday, August 14th. Booz Allen Hamilton's payout ratio is 27.03%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on BAH shares. Barclays dropped their target price on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an "equal weight" rating for the company in a research report on Wednesday, May 28th. William Blair upgraded shares of Booz Allen Hamilton from a "market perform" rating to an "outperform" rating in a report on Monday, July 21st. Raymond James Financial restated a "market perform" rating on shares of Booz Allen Hamilton in a report on Friday, May 23rd. Wall Street Zen cut shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Booz Allen Hamilton from $115.00 to $122.00 and gave the company an "underweight" rating in a report on Monday, July 28th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Booz Allen Hamilton presently has an average rating of "Hold" and an average target price of $134.00.

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.