Ritholtz Wealth Management Trims Position in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Ritholtz Wealth Management cut its holdings in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 15.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,806 shares of the business services provider’s stock after selling 714 shares during the quarter. Ritholtz Wealth Management’s holdings in Booz Allen Hamilton were worth $398,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of BAH. Savant Capital LLC acquired a new stake in shares of Booz Allen Hamilton during the 4th quarter worth approximately $203,000. Allspring Global Investments Holdings LLC grew its stake in Booz Allen Hamilton by 677.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 24,678 shares of the business services provider’s stock valued at $3,162,000 after acquiring an additional 21,503 shares during the period. New York State Teachers Retirement System acquired a new stake in Booz Allen Hamilton in the 4th quarter valued at $1,520,000. Allworth Financial LP grew its stake in Booz Allen Hamilton by 127.7% in the 4th quarter. Allworth Financial LP now owns 3,546 shares of the business services provider’s stock valued at $456,000 after acquiring an additional 1,989 shares during the period. Finally, CIBC Asset Management Inc grew its stake in Booz Allen Hamilton by 13.5% in the 4th quarter. CIBC Asset Management Inc now owns 5,319 shares of the business services provider’s stock valued at $685,000 after acquiring an additional 631 shares during the period. 91.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on BAH. UBS Group lifted their price target on shares of Booz Allen Hamilton from $120.00 to $135.00 and gave the company a “neutral” rating in a research note on Monday, May 19th. Wall Street Zen lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Saturday, May 24th. Raymond James Financial restated a “market perform” rating on shares of Booz Allen Hamilton in a report on Friday, May 23rd. Truist Financial decreased their price objective on Booz Allen Hamilton from $142.00 to $110.00 and set a “hold” rating on the stock in a report on Monday, April 14th. Finally, Barclays decreased their price objective on Booz Allen Hamilton from $140.00 to $120.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 28th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $136.90.

Booz Allen Hamilton Stock Down 0.2%

NYSE BAH opened at $101.99 on Friday. 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 quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 3.90. The business’s fifty day simple moving average is $113.68 and its 200-day simple moving average is $119.68. The firm has a market cap of $12.67 billion, a PE ratio of 14.07, a P/E/G ratio of 1.59 and a beta of 0.49.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly 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 return on equity of 72.35% and a net margin of 7.81%. The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same quarter in the previous year, the firm earned $1.33 EPS. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. As a group, equities analysts anticipate that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Wednesday, June 11th. This represents a $2.20 annualized dividend and a yield of 2.16%. Booz Allen Hamilton’s dividend payout ratio (DPR) 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.