Los Angeles Capital Management LLC Sells 98,430 Shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Los Angeles Capital Management LLC lessened its holdings in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 40.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 145,452 shares of the business services provider's stock after selling 98,430 shares during the period. Los Angeles Capital Management LLC owned about 0.11% of Booz Allen Hamilton worth $15,211,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in BAH. Trajan Wealth LLC raised its stake in shares of Booz Allen Hamilton by 5.8% during the 4th quarter. Trajan Wealth LLC now owns 1,679 shares of the business services provider's stock worth $216,000 after purchasing an additional 92 shares in the last quarter. Personal CFO Solutions LLC grew its holdings in Booz Allen Hamilton by 3.5% during the first quarter. Personal CFO Solutions LLC now owns 2,739 shares of the business services provider's stock worth $286,000 after purchasing an additional 92 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings 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 worth $26,000 after purchasing an additional 105 shares during the period. Yousif Capital Management LLC grew its holdings 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 worth $250,000 after purchasing an additional 124 shares during the period. Finally, Amalgamated Bank grew its holdings in Booz Allen Hamilton by 1.3% during the first quarter. Amalgamated Bank now owns 9,414 shares of the business services provider's stock worth $985,000 after purchasing an additional 124 shares during the period. Hedge funds and other institutional investors own 91.82% of the company's stock.

Booz Allen Hamilton Stock Up 2.3%

BAH stock traded up $2.52 during trading on Tuesday, reaching $111.84. The stock had a trading volume of 2,638,698 shares, compared to its average volume of 1,821,171. Booz Allen Hamilton Holding Corporation has a one year low of $98.95 and a one 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. The company's 50 day moving average is $108.80 and its two-hundred day moving average is $115.23. The company has a market capitalization of $13.89 billion, a price-to-earnings ratio of 15.43, a P/E/G ratio of 1.71 and a beta of 0.48.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last issued 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. The business had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $3.03 billion. Booz Allen Hamilton had a return on equity of 72.35% and a net margin of 7.81%. The firm's revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.33 EPS. Equities research analysts forecast that Booz Allen Hamilton Holding Corporation will post 6.44 EPS for the current year.

Booz Allen Hamilton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Wednesday, June 11th were given a dividend of $0.55 per share. The ex-dividend date was Wednesday, June 11th. This represents a $2.20 annualized dividend and a dividend yield of 1.97%. Booz Allen Hamilton's dividend payout ratio (DPR) is presently 30.34%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Wells Fargo & Company reduced their price target on 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. Barclays decreased their price target on Booz Allen Hamilton from $140.00 to $120.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 28th. Truist Financial decreased their price target on Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. UBS Group increased their price objective on shares of Booz Allen Hamilton from $120.00 to $135.00 and gave the company a "neutral" rating in a research note on Monday, May 19th. Finally, Raymond James Financial reissued a "market perform" rating on shares of Booz Allen Hamilton in a research note on Friday, May 23rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target 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.