Booz Allen Hamilton Holding Corporation (NYSE:BAH) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 14.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 146,924 shares of the business services provider's stock after selling 25,710 shares during the period. Victory Capital Management Inc. owned 0.12% of Booz Allen Hamilton worth $15,365,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of BAH. First Command Advisory Services Inc. boosted its stake in Booz Allen Hamilton by 368.4% during the first quarter. First Command Advisory Services Inc. now owns 3,981 shares of the business services provider's stock worth $416,000 after buying an additional 3,131 shares during the period. Signaturefd LLC raised its holdings in Booz Allen Hamilton by 69.3% during the first quarter. Signaturefd LLC now owns 2,948 shares of the business services provider's stock worth $308,000 after purchasing an additional 1,207 shares in the last quarter. Edgestream Partners L.P. raised its holdings in Booz Allen Hamilton by 1,819.0% during the first quarter. Edgestream Partners L.P. now owns 100,920 shares of the business services provider's stock worth $10,554,000 after purchasing an additional 95,661 shares in the last quarter. Private Capital Advisors Inc. acquired a new stake in Booz Allen Hamilton during the first quarter worth approximately $274,000. Finally, MQS Management LLC acquired a new stake in Booz Allen Hamilton during the first quarter worth approximately $436,000. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Booz Allen Hamilton Stock Down 0.5%

NYSE BAH traded down $0.60 on Thursday, reaching $115.35. The company had a trading volume of 2,039,495 shares, compared to its average volume of 2,344,366. The firm has a market capitalization of $14.33 billion, a PE ratio of 15.91, a P/E/G ratio of 1.75 and a beta of 0.48. Booz Allen Hamilton Holding Corporation has a 1 year low of $98.95 and a 1 year high of $190.59. The firm has a 50-day moving average of $108.11 and a 200-day moving average of $115.05. The company has a debt-to-equity ratio of 3.90, a current ratio of 1.79 and a quick ratio of 1.79.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last released its earnings results on Friday, May 23rd. The business services provider reported $1.61 EPS 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 72.35% and a net margin of 7.81%. The business's revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.33 EPS. On average, equities research analysts anticipate that Booz Allen Hamilton Holding Corporation will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Wednesday, June 11th were paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend was Wednesday, June 11th. Booz Allen Hamilton's dividend payout ratio (DPR) is presently 30.34%.

Analysts Set New Price Targets

A number of brokerages have recently commented on BAH. Wells Fargo & Company cut their target price on shares of Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. Raymond James Financial restated a "market perform" rating on shares of Booz Allen Hamilton in a research report on Friday, May 23rd. William Blair upgraded shares of Booz Allen Hamilton from a "market perform" rating to an "outperform" rating in a research report on Monday. JPMorgan Chase & Co. decreased their price objective on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 15th. Finally, The Goldman Sachs Group downgraded shares of Booz Allen Hamilton from a "neutral" rating to a "sell" rating and cut 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 given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $134.64.

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.