Booz Allen Hamilton Holding Corporation (NYSE:BAH) Stock Holdings Trimmed by KBC Group NV

KBC Group NV cut its stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 24.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 143,814 shares of the business services provider's stock after selling 46,085 shares during the period. KBC Group NV owned about 0.11% of Booz Allen Hamilton worth $15,040,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. OFI Invest Asset Management bought a new stake in shares of Booz Allen Hamilton in the 4th quarter valued at about $25,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Booz Allen Hamilton by 74.5% in the first 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 period. EverSource Wealth Advisors LLC raised its position in Booz Allen Hamilton by 144.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider's stock worth $29,000 after acquiring an additional 134 shares during the period. SRS Capital Advisors Inc. raised its holdings in shares of Booz Allen Hamilton by 3,314.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider's stock valued at $31,000 after acquiring an additional 232 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Booz Allen Hamilton in the 4th quarter valued at about $33,000. Institutional investors own 91.82% of the company's stock.

Booz Allen Hamilton Stock Up 0.9%

NYSE:BAH traded up $0.92 during mid-day trading on Wednesday, hitting $108.23. The company had a trading volume of 1,900,460 shares, compared to its average volume of 1,759,092. Booz Allen Hamilton Holding Corporation has a 1 year low of $98.95 and a 1 year high of $190.59. The business has a fifty day simple moving average of $111.97 and a 200-day simple moving average of $117.34. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 3.90. The firm has a market capitalization of $13.44 billion, a price-to-earnings ratio of 14.93, a PEG ratio of 1.67 and a beta of 0.48.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its earnings results on Friday, May 23rd. The business services provider reported $1.61 EPS for the quarter, topping analysts' consensus estimates of $1.59 by $0.02. Booz Allen Hamilton had a net margin of 7.81% and a return on equity of 72.35%. The business had revenue of $2.97 billion for the quarter, compared to analysts' expectations of $3.03 billion. During the same period in the previous year, the company posted $1.33 earnings per share. The business's revenue for the quarter was up 7.3% compared to the same quarter last year. Equities analysts forecast 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 declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Wednesday, June 11th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend was Wednesday, June 11th. Booz Allen Hamilton's dividend payout ratio is currently 30.34%.

Analyst Ratings Changes

A number of equities research analysts have commented on BAH shares. JPMorgan Chase & Co. reduced their target price on Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 15th. Wall Street Zen lowered shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Wells Fargo & Company decreased their target price on shares of Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating for the company in a research note on Friday, May 23rd. Raymond James Financial restated a "market perform" rating on shares of Booz Allen Hamilton in a research note on Friday, May 23rd. Finally, UBS Group increased 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. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Booz Allen Hamilton presently has an average rating of "Hold" and an average target price of $134.64.

Booz Allen Hamilton Company 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.