Sowell Financial Services LLC Buys Shares of 5,329 Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Sowell Financial Services LLC purchased a new position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,329 shares of the business services provider's stock, valued at approximately $557,000.

Several other hedge funds have also made changes to their positions in BAH. Norges Bank acquired a new stake in shares of Booz Allen Hamilton during the fourth quarter worth about $196,578,000. Raymond James Financial Inc. acquired a new stake in shares of Booz Allen Hamilton during the fourth quarter worth about $173,055,000. Janus Henderson Group PLC lifted its position in shares of Booz Allen Hamilton by 179.7% during 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 purchasing an additional 1,135,426 shares in the last quarter. Man Group plc lifted its position in shares of Booz Allen Hamilton by 2,293.2% during the fourth quarter. Man Group plc now owns 1,128,389 shares of the business services provider's stock worth $145,224,000 after purchasing an additional 1,081,239 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Booz Allen Hamilton by 61.4% during 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 purchasing an additional 590,655 shares in the last quarter. Institutional investors and hedge funds own 91.82% of the company's stock.

Booz Allen Hamilton Stock Performance

Shares of BAH traded down $2.13 during mid-day trading on Friday, reaching $99.87. 3,314,784 shares of the company's stock were exchanged, compared to its average volume of 1,717,533. The company has a debt-to-equity ratio of 3.90, a current ratio of 1.79 and a quick ratio of 1.79. The stock has a market capitalization of $12.40 billion, a PE ratio of 13.77, a price-to-earnings-growth ratio of 1.59 and a beta of 0.49. The business's fifty day simple moving average is $113.51 and its 200-day simple moving average is $119.36. Booz Allen Hamilton Holding Corporation has a 52-week low of $99.13 and a 52-week high of $190.59.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last announced 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 net margin of 7.81% and a return on equity of 72.35%. The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same period last year, the firm posted $1.33 earnings per share. The company's revenue for the quarter was up 7.3% compared to the same quarter last year. On average, equities research analysts expect that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current 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 given a $0.55 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $2.20 dividend on an annualized basis and a yield of 2.20%. Booz Allen Hamilton's dividend payout ratio (DPR) is 30.34%.

Wall Street Analyst Weigh In

BAH has been the topic of several analyst reports. Cantor Fitzgerald raised shares of Booz Allen Hamilton to a "strong-buy" rating in a report on Tuesday, February 25th. The Goldman Sachs Group cut shares of Booz Allen Hamilton from a "neutral" rating to a "sell" rating and reduced their target price for the company from $108.00 to $94.00 in a report on Wednesday, May 28th. UBS Group raised their target price on shares of Booz Allen Hamilton from $120.00 to $135.00 and gave the company a "neutral" rating in a report on Monday, May 19th. William Blair cut shares of Booz Allen Hamilton from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. Finally, Truist Financial reduced their target price on shares of Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $136.90.

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.