Wealth Enhancement Advisory Services LLC Acquires 17,688 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Wealth Enhancement Advisory Services LLC grew its position in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 85.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 38,481 shares of the business services provider's stock after acquiring an additional 17,688 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Booz Allen Hamilton were worth $4,953,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Bogart Wealth LLC raised its position in Booz Allen Hamilton by 387.5% in the fourth quarter. Bogart Wealth LLC now owns 195 shares of the business services provider's stock valued at $25,000 after purchasing an additional 155 shares during the last quarter. OFI Invest Asset Management acquired a new position in shares of Booz Allen Hamilton in the fourth quarter valued at approximately $25,000. EverSource Wealth Advisors LLC raised its holdings in Booz Allen Hamilton by 144.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider's stock valued at $29,000 after buying an additional 134 shares during the last quarter. SRS Capital Advisors Inc. boosted its position in Booz Allen Hamilton by 3,314.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider's stock worth $31,000 after buying an additional 232 shares during the period. Finally, R Squared Ltd bought a new stake in Booz Allen Hamilton during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 91.82% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on BAH shares. Barclays dropped 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 note on Wednesday, May 28th. Truist Financial lowered their target price on Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Wells Fargo & Company cut their target price on Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. UBS Group upped their price target on Booz Allen Hamilton from $120.00 to $135.00 and gave the company a "neutral" rating in a research report on Monday, May 19th. Finally, Raymond James restated a "market perform" rating on shares of Booz Allen Hamilton in a research report on Friday, May 23rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Booz Allen Hamilton currently has an average rating of "Hold" and a consensus price target of $136.90.

Booz Allen Hamilton Trading Down 2.3%

Shares of NYSE:BAH traded down $2.43 during midday trading on Wednesday, reaching $102.49. The company's stock had a trading volume of 2,374,433 shares, compared to its average volume of 1,650,891. Booz Allen Hamilton Holding Co. has a fifty-two week low of $101.05 and a fifty-two week high of $190.59. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a 50 day moving average price of $115.11 and a two-hundred day moving average price of $123.18. The firm has a market capitalization of $12.73 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 1.25 and a beta of 0.56.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its quarterly earnings results 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. The firm had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $3.03 billion. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. The business's revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.33 earnings per share. As a group, analysts forecast that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Announces Dividend

The company 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 2.15%. The ex-dividend date of this dividend is Wednesday, June 11th. Booz Allen Hamilton's dividend payout ratio is currently 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.