Booz Allen Hamilton Holding Corporation (NYSE:BAH) Shares Acquired by Rathbones Group PLC

Key Points

• Rathbones Group PLC has increased its stake in Booz Allen Hamilton by 10.7%, owning approximately 605,692 shares valued at $63.34 million as of the latest SEC filing.
• Booz Allen Hamilton recently reported earnings of $1.48 per share, surpassing analysts' expectations, although its revenue of $2.92 billion fell short of the forecasted $2.96 billion.
• The company announced a $0.55 quarterly dividend to be paid on August 29th, representing a 2.0% yield and a payout ratio of 27.03%.

Rathbones Group PLC increased its holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 10.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 605,692 shares of the business services provider's stock after buying an additional 58,421 shares during the quarter. Rathbones Group PLC owned about 0.48% of Booz Allen Hamilton worth $63,343,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB increased its holdings in Booz Allen Hamilton by 74.5% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 246 shares of the business services provider's stock worth $26,000 after buying an additional 105 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in Booz Allen Hamilton in the 4th quarter worth approximately $33,000. Versant Capital Management Inc increased its holdings in Booz Allen Hamilton by 627.3% in the 1st quarter. Versant Capital Management Inc now owns 320 shares of the business services provider's stock worth $33,000 after buying an additional 276 shares during the period. CX Institutional acquired a new position in Booz Allen Hamilton in the 1st quarter worth approximately $33,000. Finally, Ancora Advisors LLC acquired a new position in Booz Allen Hamilton in the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 91.82% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Barclays lowered their price objective on Booz Allen Hamilton from $140.00 to $120.00 and set an "equal weight" rating on the stock in a research report on Wednesday, May 28th. The Goldman Sachs Group cut shares of Booz Allen Hamilton from a "neutral" rating to a "sell" rating and dropped their price objective for the stock from $108.00 to $94.00 in a research note on Wednesday, May 28th. Stifel Nicolaus raised their price objective on shares of Booz Allen Hamilton from $112.00 to $119.00 and gave the stock a "hold" rating in a research note on Monday, July 28th. UBS Group set a $119.00 price objective on shares of Booz Allen Hamilton and gave the stock a "neutral" rating in a research note on Monday, July 28th. Finally, 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. Two analysts have rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Booz Allen Hamilton has an average rating of "Hold" and a consensus target price of $134.00.

Booz Allen Hamilton Price Performance

BAH stock traded up $1.34 during midday trading on Friday, reaching $109.49. The stock had a trading volume of 1,943,415 shares, compared to its average volume of 2,095,224. The company's fifty day simple moving average is $106.91 and its 200 day simple moving average is $112.18. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 3.66. The company has a market cap of $13.49 billion, a price-to-earnings ratio of 13.45, a price-to-earnings-growth ratio of 1.69 and a beta of 0.47. Booz Allen Hamilton Holding Corporation has a 52-week low of $98.95 and a 52-week high of $190.59.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its quarterly 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. Booz Allen Hamilton had a return on equity of 73.05% and a net margin of 8.70%. The business had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.96 billion. During the same quarter in the previous year, the firm earned $1.38 EPS. The company's quarterly revenue was down .6% compared to the same quarter last year. As a group, sell-side analysts predict that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The company also recently announced 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 2.0%. The ex-dividend date of this dividend is Thursday, August 14th. Booz Allen Hamilton's payout ratio is currently 27.03%.

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.