Swiss National Bank Sells 4,500 Shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Key Points

• The Swiss National Bank reduced its holdings in Booz Allen Hamilton by 1.2%, selling 4,500 shares and holding 360,400 shares valued at approximately $37.69 million.
• Several institutional investors increased their stakes in Booz Allen Hamilton, with Capital World Investors raising its holdings by 591.1% in the last quarter.
• Booz Allen Hamilton reported earnings of $1.48 per share, exceeding expectations, but experienced a slight revenue decline of 0.6% year-over-year.

Swiss National Bank lowered its holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 1.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 360,400 shares of the business services provider's stock after selling 4,500 shares during the period. Swiss National Bank owned about 0.28% of Booz Allen Hamilton worth $37,691,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of BAH. MassMutual Private Wealth & Trust FSB increased its stake in shares of Booz Allen Hamilton by 74.5% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 246 shares of the business services provider's stock valued at $26,000 after acquiring an additional 105 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Booz Allen Hamilton during the fourth quarter valued at approximately $33,000. Versant Capital Management Inc increased its stake in shares of Booz Allen Hamilton by 627.3% during the first quarter. Versant Capital Management Inc now owns 320 shares of the business services provider's stock valued at $33,000 after acquiring an additional 276 shares during the period. CX Institutional acquired a new position in shares of Booz Allen Hamilton during the first quarter valued at approximately $33,000. Finally, Ancora Advisors LLC acquired a new position in shares of Booz Allen Hamilton during the fourth quarter valued at approximately $34,000. Institutional investors own 91.82% of the company's stock.

Analysts Set New Price Targets

BAH has been the topic of several recent research reports. Raymond James Financial restated a "market perform" rating on shares of Booz Allen Hamilton in a research report on Friday, May 23rd. Wells Fargo & Company lowered their price objective on shares of Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating on the stock in a research report on Friday, May 23rd. UBS Group set a $119.00 price objective on shares of Booz Allen Hamilton and gave the stock a "neutral" rating in a research report on Monday, July 28th. Stifel Nicolaus lifted 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 report on Monday, July 28th. Finally, The Goldman Sachs Group lowered shares of Booz Allen Hamilton from a "neutral" rating to a "sell" rating and decreased their target price for the company from $108.00 to $94.00 in a research note on Wednesday, May 28th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $134.00.

Booz Allen Hamilton Stock Performance

Shares of NYSE:BAH traded up $1.34 on Friday, hitting $109.49. 1,943,415 shares of the company were exchanged, compared to its average volume of 2,095,224. The company's 50 day moving average price is $106.91 and its two-hundred day moving average price is $112.18. Booz Allen Hamilton Holding Corporation has a one year low of $98.95 and a one year high of $190.59. The company has a debt-to-equity ratio of 3.66, a quick ratio of 1.78 and a current ratio of 1.78. The firm has a market capitalization of $13.49 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 1.69 and a beta of 0.47.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its quarterly earnings data on Friday, July 25th. The business services provider reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.03. Booz Allen Hamilton had a net margin of 8.70% and a return on equity of 73.05%. The company had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter in the previous year, the firm posted $1.38 EPS. The business's revenue was down .6% compared to the same quarter last year. Research analysts expect that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Thursday, August 14th will be paid a $0.55 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $2.20 dividend on an annualized basis and a yield of 2.0%. Booz Allen Hamilton's payout ratio is presently 27.03%.

About Booz Allen Hamilton

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.