Rhumbline Advisers Has $17.94 Million Stock Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Rhumbline Advisers cut its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 2.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 171,506 shares of the business services provider's stock after selling 3,962 shares during the period. Rhumbline Advisers owned approximately 0.14% of Booz Allen Hamilton worth $17,936,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its holdings in shares of Booz Allen Hamilton by 12.5% during the 4th quarter. JPMorgan Chase & Co. now owns 4,518,386 shares of the business services provider's stock worth $581,516,000 after buying an additional 501,725 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Booz Allen Hamilton by 15.3% during the 4th quarter. First Trust Advisors LP now owns 2,804,642 shares of the business services provider's stock worth $360,957,000 after buying an additional 371,390 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Booz Allen Hamilton by 179.7% during the 4th 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 in the last quarter. Bank of America Corp DE raised its holdings in shares of Booz Allen Hamilton by 61.4% during the 4th 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 in the last quarter. Finally, Norges Bank acquired a new position in shares of Booz Allen Hamilton during the 4th quarter worth $196,578,000. 91.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on BAH shares. Wall Street Zen cut Booz Allen Hamilton from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Wells Fargo & Company lowered their price target on Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating for the company in a report on Friday, May 23rd. JPMorgan Chase & Co. lowered their target price on Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating for the company in a report on Tuesday, April 15th. The Goldman Sachs Group cut Booz Allen Hamilton from a "neutral" rating to a "sell" rating and lowered their target price for the stock from $108.00 to $94.00 in a report on Wednesday, May 28th. Finally, Raymond James reaffirmed a "market perform" rating on shares of Booz Allen Hamilton in a report on Friday, May 23rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Booz Allen Hamilton currently has a consensus rating of "Hold" and an average target price of $136.90.

Booz Allen Hamilton Trading Up 1.0%

Shares of BAH stock opened at $103.12 on Friday. The stock has a market cap of $12.81 billion, a price-to-earnings ratio of 15.37, a PEG ratio of 1.25 and a beta of 0.56. The stock has a 50-day moving average of $114.92 and a 200-day moving average of $122.38. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.72. Booz Allen Hamilton Holding Co. has a 1-year low of $101.05 and a 1-year high of $190.59.

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

Booz Allen Hamilton Dividend Announcement

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

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