Pallas Capital Advisors LLC Buys Shares of 5,253 Booz Allen Hamilton Holding Co. (NYSE:BAH)

Pallas Capital Advisors LLC purchased a new stake in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 5,253 shares of the business services provider's stock, valued at approximately $549,000.

Several other institutional investors have also recently modified their holdings of BAH. GW&K Investment Management LLC grew its holdings in Booz Allen Hamilton by 0.7% during the fourth quarter. GW&K Investment Management LLC now owns 461,517 shares of the business services provider's stock worth $59,397,000 after acquiring an additional 3,435 shares during the period. Versor Investments LP acquired a new stake in shares of Booz Allen Hamilton in the fourth quarter worth approximately $933,000. FIL Ltd boosted its stake in shares of Booz Allen Hamilton by 63.3% in the fourth quarter. FIL Ltd now owns 153,343 shares of the business services provider's stock worth $19,735,000 after acquiring an additional 59,440 shares during the last quarter. Bridges Investment Management Inc. boosted its stake in Booz Allen Hamilton by 19.2% during the fourth quarter. Bridges Investment Management Inc. now owns 117,661 shares of the business services provider's stock worth $15,143,000 after buying an additional 18,930 shares during the last quarter. Finally, Cumberland Partners Ltd boosted its stake in Booz Allen Hamilton by 92.2% during the fourth quarter. Cumberland Partners Ltd now owns 99,330 shares of the business services provider's stock worth $12,784,000 after buying an additional 47,655 shares during the last quarter. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BAH has been the topic of a number of research analyst reports. Cantor Fitzgerald upgraded Booz Allen Hamilton to a "strong-buy" rating in a research report on Tuesday, February 25th. Truist Financial lowered their target price on Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating for the company in a research note on Monday, April 14th. William Blair cut Booz Allen Hamilton from an "outperform" rating to a "market perform" rating in a research report on Friday, February 21st. Wall Street Zen cut Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, Raymond James reissued a "market perform" rating on shares of Booz Allen Hamilton in a research report on Friday, May 23rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $136.90.

Booz Allen Hamilton Stock Performance

Shares of BAH stock traded up $1.25 during trading hours on Friday, reaching $103.35. 2,209,428 shares of the company's stock were exchanged, compared to its average volume of 1,691,745. The company has a market cap of $12.84 billion, a P/E ratio of 15.40, a price-to-earnings-growth ratio of 1.25 and a beta of 0.49. The company's 50 day moving average is $114.15 and its two-hundred day moving average is $120.94. Booz Allen Hamilton Holding Co. has a 1 year low of $99.13 and a 1 year high of $190.59. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.57 and a quick ratio of 1.57.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last issued its earnings results on Friday, May 23rd. The business services provider reported $1.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.59 by $0.02. Booz Allen Hamilton had a return on equity of 68.97% and a net margin of 7.39%. The business had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same period in the prior year, the business posted $1.33 EPS. The company's revenue for the quarter was up 7.3% on a year-over-year basis. Equities research analysts anticipate that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Wednesday, June 11th will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Wednesday, June 11th. Booz Allen Hamilton's 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.