Vanguard Group Inc. Buys 237,720 Shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Vanguard Group Inc. boosted its holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 1.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,071,741 shares of the business services provider's stock after purchasing an additional 237,720 shares during the quarter. Vanguard Group Inc. owned about 10.32% of Booz Allen Hamilton worth $1,367,043,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Trajan Wealth LLC grew its stake in shares of Booz Allen Hamilton by 5.8% in the 4th quarter. Trajan Wealth LLC now owns 1,679 shares of the business services provider's stock valued at $216,000 after buying an additional 92 shares during the period. Personal CFO Solutions LLC boosted its holdings in Booz Allen Hamilton by 3.5% in the first quarter. Personal CFO Solutions LLC now owns 2,739 shares of the business services provider's stock worth $286,000 after acquiring an additional 92 shares in the last quarter. Raiffeisen Bank International AG grew its stake in Booz Allen Hamilton by 4.9% in the first quarter. Raiffeisen Bank International AG now owns 2,137 shares of the business services provider's stock valued at $225,000 after acquiring an additional 100 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in Booz Allen Hamilton by 74.5% in 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. Finally, Intrust Bank NA increased its holdings in shares of Booz Allen Hamilton by 2.6% during the first quarter. Intrust Bank NA now owns 4,544 shares of the business services provider's stock valued at $475,000 after acquiring an additional 113 shares in the last quarter. 91.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on BAH shares. Truist Financial cut their target price on Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Wells Fargo & Company reduced their price objective on shares of Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating for the company in a report on Friday, May 23rd. William Blair upgraded shares of Booz Allen Hamilton from a "market perform" rating to an "outperform" rating in a report on Monday, July 21st. Wall Street Zen cut shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, The Goldman Sachs Group lowered Booz Allen Hamilton from a "neutral" rating to a "sell" rating and decreased their price objective for the stock from $108.00 to $94.00 in a report on Wednesday, May 28th. Two equities research 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. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $134.00.

Booz Allen Hamilton Stock Performance

Shares of NYSE BAH traded down $0.14 during midday trading on Tuesday, reaching $109.04. The company's stock had a trading volume of 1,950,532 shares, compared to its average volume of 2,098,551. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.78 and a quick ratio of 1.78. The stock has a market capitalization of $13.44 billion, a P/E ratio of 13.40, a PEG ratio of 1.71 and a beta of 0.47. The firm has a 50 day moving average price of $106.48 and a 200-day moving average price of $112.51. Booz Allen Hamilton Holding Corporation has a 12-month low of $98.95 and a 12-month high of $190.59.

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 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 analysts' expectations of $2.96 billion. During the same quarter in the previous year, the firm earned $1.38 earnings per share. The business's revenue was down .6% on a year-over-year basis. As a group, equities analysts predict that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Thursday, August 14th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Thursday, August 14th. Booz Allen Hamilton's dividend payout ratio (DPR) is 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.