Y Intercept Hong Kong Ltd Increases Stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Y Intercept Hong Kong Ltd raised its stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 9.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,874 shares of the business services provider's stock after buying an additional 3,874 shares during the period. Y Intercept Hong Kong Ltd's holdings in Booz Allen Hamilton were worth $4,588,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB lifted 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 buying an additional 105 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Booz Allen Hamilton during the 4th quarter valued at $33,000. Ancora Advisors LLC acquired a new position in shares of Booz Allen Hamilton during the fourth quarter valued at about $34,000. True Wealth Design LLC raised its holdings in shares of Booz Allen Hamilton by 2,316.7% during the fourth quarter. True Wealth Design LLC now owns 290 shares of the business services provider's stock valued at $37,000 after purchasing an additional 278 shares during the period. Finally, Brown Brothers Harriman & Co. raised its holdings in shares of Booz Allen Hamilton by 1,132.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 308 shares of the business services provider's stock valued at $40,000 after purchasing an additional 283 shares during the period. Institutional investors and hedge funds own 91.82% of the company's stock.

Booz Allen Hamilton Trading Up 2.3%

BAH stock traded up $2.52 on Tuesday, reaching $111.84. The company's stock had a trading volume of 2,638,698 shares, compared to its average volume of 1,826,902. The business has a fifty day simple moving average of $108.26 and a two-hundred day simple moving average of $115.05. Booz Allen Hamilton Holding Corporation has a 12-month low of $98.95 and a 12-month high of $190.59. The company has a debt-to-equity ratio of 3.90, a quick ratio of 1.79 and a current ratio of 1.79. The firm has a market cap of $13.89 billion, a PE ratio of 15.43, a PEG ratio of 1.71 and a beta of 0.48.

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

Booz Allen Hamilton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Wednesday, June 11th were issued a $0.55 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $2.20 dividend on an annualized basis and a yield of 1.97%. Booz Allen Hamilton's payout ratio is currently 30.34%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on BAH shares. Wall Street Zen lowered Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. JPMorgan Chase & Co. lowered their price objective on Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating for the company in a research note on Tuesday, April 15th. Raymond James Financial reissued a "market perform" rating on shares of Booz Allen Hamilton in a research note on Friday, May 23rd. Truist Financial lowered their price target 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. Finally, Barclays lowered their price target on 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. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $134.64.

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.