Mn Services Vermogensbeheer B.V. Sells 3,700 Shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Mn Services Vermogensbeheer B.V. cut its holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 7.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,200 shares of the business services provider's stock after selling 3,700 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Booz Allen Hamilton were worth $4,936,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. OFI Invest Asset Management bought a new position in shares of Booz Allen Hamilton during the 4th quarter valued at $25,000. MassMutual Private Wealth & Trust FSB lifted its holdings in 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 valued at $26,000 after acquiring an additional 105 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Booz Allen Hamilton by 144.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider's stock valued at $29,000 after acquiring an additional 134 shares during the period. SRS Capital Advisors Inc. lifted its holdings in Booz Allen Hamilton by 3,314.3% in 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 period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Booz Allen Hamilton in the fourth quarter valued at about $33,000. 91.82% of the stock is owned by institutional investors.

Booz Allen Hamilton Price Performance

NYSE:BAH traded down $2.13 on Friday, reaching $99.87. 3,314,784 shares of the company's stock traded hands, compared to its average volume of 1,719,108. 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 stock has a 50-day simple moving average of $113.51 and a 200-day simple moving average of $119.18. The firm has a market cap of $12.40 billion, a PE ratio of 13.77, a P/E/G ratio of 1.56 and a beta of 0.49. Booz Allen Hamilton Holding Corporation has a 12 month low of $99.13 and a 12 month high of $190.59.

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

Booz Allen Hamilton Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have weighed in on BAH. Wall Street Zen downgraded Booz Allen Hamilton from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Wells Fargo & Company lowered their target price on Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. JPMorgan Chase & Co. decreased their target price on Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating on the stock in a report on Tuesday, April 15th. The Goldman Sachs Group cut Booz Allen Hamilton from a "neutral" rating to a "sell" rating and decreased their target price for the stock from $108.00 to $94.00 in a report on Wednesday, May 28th. Finally, Truist Financial decreased their target price on Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Booz Allen Hamilton has an average rating of "Hold" and an average target price of $136.90.

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.