Zions Bancorporation National Association UT Invests $1.06 Million in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Key Points

• Zions Bancorporation National Association UT has invested $1.06 million in Booz Allen Hamilton Holding Corporation by acquiring 10,128 shares of stock in the first quarter.
• Booz Allen Hamilton reported an earnings per share (EPS) of $1.48 for the last quarter, surpassing analysts' expectations, despite a 0.6% decline in quarterly revenue year-over-year.
• The company announced a quarterly dividend of $0.55 per share, resulting in an annualized dividend yield of 2.0% and a payout ratio of 27.03%.

Zions Bancorporation National Association UT purchased a new position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 10,128 shares of the business services provider's stock, valued at approximately $1,059,000.

Other large investors also recently made changes to their positions in the company. FIL Ltd boosted its stake in shares of Booz Allen Hamilton by 63.3% during the 4th quarter. FIL Ltd now owns 153,343 shares of the business services provider's stock worth $19,735,000 after acquiring an additional 59,440 shares in the last quarter. Capital World Investors boosted its stake in shares of Booz Allen Hamilton by 591.1% during the 4th quarter. Capital World Investors now owns 349,917 shares of the business services provider's stock worth $45,034,000 after acquiring an additional 299,283 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of Booz Allen Hamilton by 10.2% during the 1st quarter. Asset Management One Co. Ltd. now owns 52,889 shares of the business services provider's stock worth $5,531,000 after acquiring an additional 4,905 shares in the last quarter. Natixis boosted its stake in shares of Booz Allen Hamilton by 3,032.5% during the 4th quarter. Natixis now owns 42,163 shares of the business services provider's stock worth $5,426,000 after acquiring an additional 40,817 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Booz Allen Hamilton during the 4th quarter worth about $11,715,000. Institutional investors own 91.82% of the company's stock.

Booz Allen Hamilton Trading Down 0.3%

Shares of BAH opened at $110.45 on Friday. Booz Allen Hamilton Holding Corporation has a 1 year low of $98.95 and a 1 year high of $190.59. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 3.66. The stock has a 50 day simple moving average of $106.29 and a 200-day simple moving average of $112.87. The stock has a market cap of $13.61 billion, a PE ratio of 13.57, a PEG ratio of 1.73 and a beta of 0.47.

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

Booz Allen Hamilton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Thursday, August 14th will be issued 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 dividend yield of 2.0%. Booz Allen Hamilton's dividend payout ratio is presently 27.03%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. The Goldman Sachs Group downgraded Booz Allen Hamilton from a "neutral" rating to a "sell" rating and decreased their target price for the company from $108.00 to $94.00 in a research note on Wednesday, May 28th. JPMorgan Chase & Co. increased their target price on Booz Allen Hamilton from $115.00 to $122.00 and gave the company an "underweight" rating in a research note on Monday, July 28th. William Blair upgraded Booz Allen Hamilton from a "market perform" rating to an "outperform" rating in a research report on Monday, July 21st. Stifel Nicolaus raised their price objective on Booz Allen Hamilton from $112.00 to $119.00 and gave the stock a "hold" rating in a research report on Monday, July 28th. Finally, Raymond James Financial reiterated a "market perform" rating on shares of Booz Allen Hamilton in a research report on Friday, May 23rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $134.00.

Booz Allen Hamilton 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.

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