Booz Allen Hamilton Holding Co. (NYSE:BAH) Short Interest Update

Booz Allen Hamilton Holding Co. (NYSE:BAH) was the target of a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 3,720,000 shares, a drop of 28.5% from the May 15th total of 5,200,000 shares. Based on an average daily trading volume, of 2,420,000 shares, the days-to-cover ratio is presently 1.5 days. Approximately 3.0% of the company’s shares are short sold.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on BAH shares. William Blair cut Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. Wall Street Zen cut Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Saturday, May 24th. Truist Financial cut their price objective on shares of Booz Allen Hamilton from $142.00 to $110.00 and set a “hold” rating on the stock in a research report on Monday, April 14th. JPMorgan Chase & Co. reduced their price objective on shares of 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. Finally, Raymond James reiterated a “market perform” rating on shares of Booz Allen Hamilton in a research note on Friday, May 23rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $136.90.

Institutional Investors Weigh In On Booz Allen Hamilton

Hedge funds have recently modified their holdings of the stock. OFI Invest Asset Management purchased a new stake in shares of Booz Allen Hamilton in the fourth quarter worth about $25,000. MassMutual Private Wealth & Trust FSB raised its position in shares of 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 worth $26,000 after buying an additional 105 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Booz Allen Hamilton by 144.1% during the fourth 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 period. SRS Capital Advisors Inc. grew its position in Booz Allen Hamilton by 3,314.3% during the fourth 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 in the last quarter. Finally, Brooklyn Investment Group increased its stake in Booz Allen Hamilton by 102.8% in the 1st quarter. Brooklyn Investment Group now owns 294 shares of the business services provider’s stock worth $31,000 after acquiring an additional 149 shares during the last quarter. Institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Stock Down 1.2%

Shares of NYSE BAH opened at $102.07 on Tuesday. The stock has a 50-day moving average price of $114.06 and a two-hundred day moving average price of $120.25. The company has a market cap of $12.68 billion, a price-to-earnings ratio of 15.21, a PEG ratio of 1.25 and a beta of 0.49. Booz Allen Hamilton has a 12 month low of $99.13 and a 12 month high of $190.59. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.72.

Booz Allen Hamilton (NYSE:BAH) last posted its earnings results on Friday, May 23rd. The business services provider reported $1.61 EPS for the quarter, topping the consensus estimate of $1.59 by $0.02. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. The business had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same period last year, the company earned $1.33 EPS. The firm’s revenue was up 7.3% compared to the same quarter last year. As a group, analysts forecast that Booz Allen Hamilton will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Wednesday, June 11th will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.16%. The ex-dividend date is Wednesday, June 11th. Booz Allen Hamilton’s dividend payout ratio is presently 30.34%.

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.