Wealth Enhancement Advisory Services LLC Has $4.91 Million Stock Position in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Wealth Enhancement Advisory Services LLC grew its position in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 22.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,929 shares of the business services provider's stock after acquiring an additional 8,448 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Booz Allen Hamilton were worth $4,908,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. OFI Invest Asset Management acquired a new position in Booz Allen Hamilton during the 4th quarter worth approximately $25,000. EverSource Wealth Advisors LLC lifted its holdings in Booz Allen Hamilton by 144.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider's stock valued at $29,000 after acquiring an additional 134 shares during the period. SRS Capital Advisors Inc. increased its position in shares of Booz Allen Hamilton by 3,314.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider's stock valued at $31,000 after buying an additional 232 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of Booz Allen Hamilton by 74.5% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 246 shares of the business services provider's stock worth $26,000 after buying an additional 105 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Booz Allen Hamilton in the fourth quarter valued at about $33,000. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on BAH. Truist Financial cut their target price on shares of Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating for the company in a research note on Monday, April 14th. Raymond James Financial reaffirmed a "market perform" rating on shares of Booz Allen Hamilton in a research report on Friday, May 23rd. JPMorgan Chase & Co. cut 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 report on Tuesday, April 15th. Wall Street Zen downgraded shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Finally, Stifel Nicolaus assumed coverage on shares of Booz Allen Hamilton in a research note on Tuesday. They set a "hold" rating and a $112.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $134.64.

Booz Allen Hamilton Stock Performance

Booz Allen Hamilton stock traded up $1.87 during mid-day trading on Thursday, hitting $103.21. 2,031,066 shares of the company's stock traded hands, compared to its average volume of 2,408,464. The company has a market cap of $12.82 billion, a PE ratio of 14.24, a price-to-earnings-growth ratio of 1.56 and a beta of 0.49. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 3.90. Booz Allen Hamilton Holding Corporation has a one year low of $98.95 and a one year high of $190.59. The firm has a 50 day moving average price of $112.87 and a 200 day moving average price of $118.46.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last announced its quarterly earnings data on Friday, May 23rd. The business services provider reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.02. Booz Allen Hamilton had a return on equity of 72.35% and a net margin of 7.81%. The business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $3.03 billion. During the same quarter in the prior year, the firm posted $1.33 earnings per share. The company's revenue was up 7.3% on a year-over-year basis. On average, equities analysts forecast that Booz Allen Hamilton Holding Corporation will post 6.44 EPS for the current year.

Booz Allen Hamilton Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Wednesday, June 11th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend is Wednesday, June 11th. Booz Allen Hamilton's payout ratio is 30.34%.

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.