MQS Management LLC Buys Shares of 4,165 Booz Allen Hamilton Holding Corporation (NYSE:BAH)

MQS Management LLC purchased a new position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,165 shares of the business services provider's stock, valued at approximately $436,000.

A number of other large investors have also modified their holdings of the company. Isthmus Partners LLC grew its position in Booz Allen Hamilton by 1.7% in the 1st quarter. Isthmus Partners LLC now owns 93,320 shares of the business services provider's stock worth $9,759,000 after purchasing an additional 1,543 shares during the last quarter. CWM LLC boosted its position in shares of Booz Allen Hamilton by 198.5% during the first quarter. CWM LLC now owns 21,043 shares of the business services provider's stock worth $2,201,000 after buying an additional 13,993 shares during the period. Hughes Financial Services LLC bought a new position in Booz Allen Hamilton in the 1st quarter worth approximately $60,000. Alps Advisors Inc. bought a new position in Booz Allen Hamilton in the 1st quarter worth approximately $326,000. Finally, Bridges Investment Management Inc. increased its position in Booz Allen Hamilton by 4.8% in the 1st quarter. Bridges Investment Management Inc. now owns 123,257 shares of the business services provider's stock valued at $12,890,000 after acquiring an additional 5,596 shares during the period. Institutional investors and hedge funds own 91.82% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Barclays reduced their price target on 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. Wall Street Zen cut shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. The Goldman Sachs Group lowered shares of Booz Allen Hamilton from a "neutral" rating to a "sell" rating and decreased their target price for the company from $108.00 to $94.00 in a research report on Wednesday, May 28th. Stifel Nicolaus assumed coverage on shares of Booz Allen Hamilton in a research report on Tuesday, June 24th. They set a "hold" rating and a $112.00 price target on the stock. Finally, JPMorgan Chase & Co. reduced their price target on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating for the company in a research note on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $134.64.

Booz Allen Hamilton Stock Performance

Shares of BAH opened at $106.78 on Monday. 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's 50 day moving average is $110.36 and its 200-day moving average is $115.98. Booz Allen Hamilton Holding Corporation has a 12-month low of $98.95 and a 12-month high of $190.59. The stock has a market capitalization of $13.26 billion, a P/E ratio of 14.73, a P/E/G ratio of 1.67 and a beta of 0.48.

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 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $2.97 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same quarter in the previous year, the business posted $1.33 earnings per share. The firm's quarterly revenue was up 7.3% compared to the same quarter last year. Equities research 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 declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Wednesday, June 11th were paid a $0.55 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $2.20 dividend on an annualized basis and a yield of 2.06%. Booz Allen Hamilton's dividend payout ratio is currently 30.34%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.