CX Institutional Acquires New Shares in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

CX Institutional acquired a new position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 311 shares of the business services provider’s stock, valued at approximately $33,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Booz Allen Hamilton during the fourth quarter worth about $196,578,000. Raymond James Financial Inc. bought a new stake in Booz Allen Hamilton during the 4th quarter worth approximately $173,055,000. Janus Henderson Group PLC raised its holdings in Booz Allen Hamilton by 179.7% during the 4th quarter. Janus Henderson Group PLC now owns 1,767,129 shares of the business services provider’s stock worth $227,425,000 after buying an additional 1,135,426 shares during the period. Man Group plc lifted its stake in Booz Allen Hamilton by 2,293.2% in the fourth quarter. Man Group plc now owns 1,128,389 shares of the business services provider’s stock valued at $145,224,000 after buying an additional 1,081,239 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in Booz Allen Hamilton by 61.4% in the fourth quarter. Bank of America Corp DE now owns 1,552,217 shares of the business services provider’s stock valued at $199,770,000 after buying an additional 590,655 shares in the last quarter. 91.82% of the stock is currently owned by institutional investors.

Booz Allen Hamilton Price Performance

NYSE:BAH opened at $102.26 on Wednesday. Booz Allen Hamilton Holding Corporation has a 52-week low of $99.13 and a 52-week high of $190.59. The company has a market cap of $12.70 billion, a P/E ratio of 14.11, a P/E/G ratio of 1.59 and a beta of 0.49. 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 stock’s 50-day simple moving average is $113.94 and its 200 day simple moving average is $120.12.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings results on Friday, May 23rd. The business services provider reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same period last year, the company earned $1.33 earnings per share. The business’s revenue was up 7.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Booz Allen Hamilton Holding Corporation will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Wednesday, June 11th will be given 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 (DPR) is presently 30.34%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Truist Financial lowered their price objective on shares of 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. UBS Group increased their target price on Booz Allen Hamilton from $120.00 to $135.00 and gave the stock a “neutral” rating in a report on Monday, May 19th. Raymond James Financial reissued a “market perform” rating on shares of Booz Allen Hamilton in a research note on Friday, May 23rd. Barclays reduced their price objective 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. Finally, JPMorgan Chase & Co. dropped their target price on Booz Allen Hamilton from $140.00 to $120.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 15th. Two 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $136.90.

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.