OneDigital Investment Advisors LLC Sells 2,852 Shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH)

OneDigital Investment Advisors LLC cut its holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 43.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,781 shares of the business services provider's stock after selling 2,852 shares during the period. OneDigital Investment Advisors LLC's holdings in Booz Allen Hamilton were worth $395,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Calamos Advisors LLC bought a new position in Booz Allen Hamilton in the 1st quarter valued at $6,118,000. Resonant Capital Advisors LLC grew its position in Booz Allen Hamilton by 2.6% during the first quarter. Resonant Capital Advisors LLC now owns 6,317 shares of the business services provider's stock worth $661,000 after buying an additional 158 shares in the last quarter. Novem Group bought a new position in Booz Allen Hamilton in the 1st quarter worth about $580,000. Cannon Global Investment Management LLC bought a new position in shares of Booz Allen Hamilton in the first quarter worth approximately $1,046,000. Finally, Physician Wealth Advisors Inc. lifted its position in Booz Allen Hamilton by 32.6% during the first quarter. Physician Wealth Advisors Inc. now owns 566 shares of the business services provider's stock valued at $59,000 after purchasing an additional 139 shares during the last quarter. 91.82% of the stock is owned by institutional investors.

Booz Allen Hamilton Trading Down 0.8%

Shares of NYSE:BAH traded down $0.90 during trading on Friday, reaching $106.78. 1,116,112 shares of the company traded hands, compared to its average volume of 1,787,428. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 3.90. Booz Allen Hamilton Holding Corporation has a 52-week low of $98.95 and a 52-week high of $190.59. The business's fifty day moving average is $110.36 and its 200-day moving average is $116.18. The firm has a market capitalization of $13.26 billion, a price-to-earnings ratio of 16.96, a P/E/G ratio of 1.68 and a beta of 0.48.

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

Booz Allen Hamilton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Wednesday, June 11th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date was Wednesday, June 11th. Booz Allen Hamilton's payout ratio is 30.34%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on BAH shares. The Goldman Sachs Group cut shares of Booz Allen Hamilton from a "neutral" rating to a "sell" rating and lowered their price objective for the company from $108.00 to $94.00 in a research report on Wednesday, May 28th. UBS Group raised 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. Barclays cut their price objective on Booz Allen Hamilton from $140.00 to $120.00 and set an "equal weight" rating for the company in a report on Wednesday, May 28th. Raymond James Financial reissued a "market perform" rating on shares of Booz Allen Hamilton in a report on Friday, May 23rd. Finally, JPMorgan Chase & Co. dropped 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. 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 stock. According to MarketBeat, Booz Allen Hamilton presently has an average rating of "Hold" and an average 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.