Vestcor Inc Sells 22,895 Shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Key Points

• Vestcor Inc reduced its stake in Booz Allen Hamilton Holding Corporation by 38.6%, selling 22,895 shares and leaving them with 36,484 shares valued at approximately $3.81 million.
• Several institutional investors have increased their holdings in Booz Allen Hamilton, with **Capital World Investors** raising their stake by 591.1% in the last quarter.
• Booz Allen Hamilton reported earnings of $1.48 per share, exceeding expectations, and announced a quarterly dividend of $0.55 with a yield of 2.05%.

Vestcor Inc reduced its position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 38.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,484 shares of the business services provider's stock after selling 22,895 shares during the period. Vestcor Inc's holdings in Booz Allen Hamilton were worth $3,815,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BAH. MassMutual Private Wealth & Trust FSB increased its position 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 last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Booz Allen Hamilton during the fourth quarter valued at about $33,000. Versant Capital Management Inc grew its holdings in shares of Booz Allen Hamilton by 627.3% in the first quarter. Versant Capital Management Inc now owns 320 shares of the business services provider's stock valued at $33,000 after purchasing an additional 276 shares in the last quarter. CX Institutional acquired a new position in shares of Booz Allen Hamilton in the first quarter valued at approximately $33,000. Finally, Ancora Advisors LLC acquired a new position in shares of Booz Allen Hamilton in the fourth quarter valued at approximately $34,000. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Booz Allen Hamilton Stock Performance

Shares of BAH traded up $2.39 on Friday, reaching $109.72. 2,082,259 shares of the stock traded hands, compared to its average volume of 2,037,572. The firm has a market cap of $13.52 billion, a price-to-earnings ratio of 13.48, a P/E/G ratio of 1.68 and a beta of 0.47. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.78 and a quick ratio of 1.79. Booz Allen Hamilton Holding Corporation has a 12 month low of $98.95 and a 12 month high of $190.59. The stock's 50-day moving average price is $105.85 and its 200-day moving average price is $113.98.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last announced its quarterly earnings results on Friday, July 25th. The business services provider reported $1.48 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $2.92 billion for the quarter, compared to analysts' expectations of $2.96 billion. During the same period in the prior year, the business posted $1.38 earnings per share. The business's revenue was down .6% compared to the same quarter last year. Equities analysts forecast that Booz Allen Hamilton Holding Corporation will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders 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 currently 27.03%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BAH shares. UBS Group lifted their price target on shares of Booz Allen Hamilton from $115.00 to $119.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Wall Street Zen downgraded shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Barclays reduced their price target on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an "equal weight" rating for the company in a research report on Wednesday, May 28th. William Blair raised Booz Allen Hamilton from a "market perform" rating to an "outperform" rating in a report on Monday, July 21st. Finally, JPMorgan Chase & Co. upped their price target on shares of Booz Allen Hamilton from $115.00 to $122.00 and gave the stock an "underweight" rating in a research note on Monday, July 28th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $134.00.

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.