Neo Ivy Capital Management Makes New $559,000 Investment in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Key Points

• Neo Ivy Capital Management has acquired a new stake in Booz Allen Hamilton, purchasing 5,348 shares valued at approximately $559,000 during the 1st quarter.
• Booz Allen Hamilton recently reported quarterly earnings of $1.48 per share, exceeding the consensus estimate of $1.45, although its revenue fell short of expectations at $2.92 billion.
• The company announced a quarterly dividend of $0.55 per share, representing a 1.94% dividend yield and maintaining a payout ratio of 30.34%.

Neo Ivy Capital Management purchased a new position in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,348 shares of the business services provider's stock, valued at approximately $559,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB boosted 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 last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Booz Allen Hamilton during the fourth quarter worth approximately $33,000. Ancora Advisors LLC acquired a new position in shares of Booz Allen Hamilton in the 4th quarter valued at $34,000. True Wealth Design LLC grew its stake in shares of Booz Allen Hamilton by 2,316.7% during the 4th quarter. True Wealth Design LLC now owns 290 shares of the business services provider's stock valued at $37,000 after buying an additional 278 shares during the period. Finally, Brown Brothers Harriman & Co. increased its holdings in shares of Booz Allen Hamilton by 1,132.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 308 shares of the business services provider's stock worth $40,000 after buying an additional 283 shares during the last quarter. Hedge funds and other institutional investors own 91.82% of the company's stock.

Booz Allen Hamilton Stock Down 0.6%

NYSE:BAH traded down $0.67 on Wednesday, reaching $107.55. The stock had a trading volume of 400,704 shares, compared to its average volume of 2,358,348. The company has a 50-day moving average of $106.68 and a 200 day moving average of $114.40. The company has a current ratio of 1.78, a quick ratio of 1.79 and a debt-to-equity ratio of 3.66. The stock has a market cap of $13.25 billion, a P/E ratio of 13.21, a price-to-earnings-growth ratio of 1.68 and a beta of 0.48. Booz Allen Hamilton Holding Corporation has a 12-month low of $98.95 and a 12-month high of $190.59.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its earnings results on Friday, July 25th. The business services provider reported $1.48 EPS for the quarter, topping the consensus estimate of $1.45 by $0.03. The firm had revenue of $2.92 billion during the quarter, compared to analysts' expectations of $2.96 billion. Booz Allen Hamilton had a net margin of 8.70% and a return on equity of 73.05%. Booz Allen Hamilton's quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.38 EPS. On average, research analysts predict that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Thursday, August 14th will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Thursday, August 14th. Booz Allen Hamilton's dividend payout ratio (DPR) is presently 27.03%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BAH. The Goldman Sachs Group cut Booz Allen Hamilton from a "neutral" rating to a "sell" rating and reduced their target price for the company from $108.00 to $94.00 in a report on Wednesday, May 28th. William Blair raised Booz Allen Hamilton from a "market perform" rating to an "outperform" rating in a research note on Monday, July 21st. JPMorgan Chase & Co. increased their target price on shares of Booz Allen Hamilton from $115.00 to $122.00 and gave the stock an "underweight" rating in a research report on Monday. Raymond James Financial reaffirmed a "market perform" rating on shares of Booz Allen Hamilton in a research report on Friday, May 23rd. Finally, Truist Financial dropped their price objective on shares of Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus 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.