5,548 Shares in Booz Allen Hamilton Holding Corporation (NYSE:BAH) Purchased by Novem Group

Novem Group purchased a new position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 5,548 shares of the business services provider's stock, valued at approximately $580,000.

A number of other hedge funds have also bought and sold shares of BAH. Norges Bank bought a new stake in Booz Allen Hamilton during the fourth quarter worth $196,578,000. Raymond James Financial Inc. purchased a new stake in Booz Allen Hamilton in the fourth quarter worth $173,055,000. Janus Henderson Group PLC increased its position in Booz Allen Hamilton by 179.7% in the fourth quarter. Janus Henderson Group PLC now owns 1,767,129 shares of the business services provider's stock worth $227,425,000 after buying an additional 1,135,426 shares during the last quarter. Man Group plc increased its position in Booz Allen Hamilton by 2,293.2% in the fourth quarter. Man Group plc now owns 1,128,389 shares of the business services provider's stock worth $145,224,000 after buying an additional 1,081,239 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Booz Allen Hamilton by 61.4% in the fourth quarter. Bank of America Corp DE now owns 1,552,217 shares of the business services provider's stock worth $199,770,000 after buying an additional 590,655 shares during the last quarter. 91.82% of the stock is currently owned by institutional investors.

Booz Allen Hamilton Stock Performance

Shares of NYSE BAH traded down $0.15 during mid-day trading on Friday, hitting $108.12. The company had a trading volume of 1,584,440 shares, compared to its average volume of 1,764,385. The company has a market capitalization of $13.43 billion, a price-to-earnings ratio of 14.91, a P/E/G ratio of 1.70 and a beta of 0.48. Booz Allen Hamilton Holding Corporation has a 1 year low of $98.95 and a 1 year high of $190.59. 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 stock's 50-day moving average price is $111.51 and its 200-day moving average price is $116.96.

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 the consensus estimate of $1.59 by $0.02. Booz Allen Hamilton had a return on equity of 72.35% and a net margin of 7.81%. The business had revenue of $2.97 billion during the quarter, compared to analysts' expectations of $3.03 billion. During the same period in the previous year, the business earned $1.33 earnings per share. The firm's revenue was up 7.3% on a year-over-year basis. On average, sell-side analysts forecast 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 announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Wednesday, June 11th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend was Wednesday, June 11th. Booz Allen Hamilton's payout ratio is 30.34%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BAH. Barclays decreased their target price 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. JPMorgan Chase & Co. decreased their target price on Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating for the company in a research report on Tuesday, April 15th. Wall Street Zen downgraded Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Stifel Nicolaus started coverage on Booz Allen Hamilton in a research report on Tuesday, June 24th. They issued a "hold" rating and a $112.00 target price for the company. Finally, UBS Group lifted their price target on 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 investment analysts have rated the stock with a sell rating, eight have issued 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, the stock presently has an average rating of "Hold" and a consensus price target of $134.64.

Booz Allen Hamilton 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.