Cetera Investment Advisers Acquires 13,044 Shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Cetera Investment Advisers raised its holdings in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 61.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,282 shares of the business services provider’s stock after purchasing an additional 13,044 shares during the quarter. Cetera Investment Advisers’ holdings in Booz Allen Hamilton were worth $3,585,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of BAH. MassMutual Private Wealth & Trust FSB increased its stake in Booz Allen Hamilton by 74.5% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 246 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 105 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Booz Allen Hamilton during the 4th quarter worth $33,000. Versant Capital Management Inc boosted its holdings in Booz Allen Hamilton by 627.3% during the 1st quarter. Versant Capital Management Inc now owns 320 shares of the business services provider’s stock worth $33,000 after acquiring an additional 276 shares during the last quarter. CX Institutional purchased a new position in Booz Allen Hamilton during the 1st quarter worth $33,000. Finally, Ancora Advisors LLC purchased a new position in Booz Allen Hamilton during the 4th quarter worth $34,000. Institutional investors own 91.82% of the company’s stock.

Analysts Set New Price Targets

BAH has been the topic of a number of analyst reports. Barclays cut their price objective on shares of 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. JPMorgan Chase & Co. boosted their price target on shares of Booz Allen Hamilton from $115.00 to $122.00 and gave the stock an “underweight” rating in a report on Monday, July 28th. UBS Group boosted their price target on shares of Booz Allen Hamilton from $115.00 to $119.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. Raymond James Financial reissued a “market perform” rating on shares of Booz Allen Hamilton in a report on Friday, May 23rd. Finally, Truist Financial cut their price target on shares of Booz Allen Hamilton from $142.00 to $110.00 and set a “hold” rating on the stock in a report on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $134.00.

Booz Allen Hamilton Trading Up 1.6%

Shares of Booz Allen Hamilton stock opened at $111.45 on Tuesday. Booz Allen Hamilton Holding Corporation has a 52-week low of $98.95 and a 52-week high of $190.59. The stock’s 50-day simple moving average is $105.92 and its 200 day simple moving average is $113.50. The stock has a market capitalization of $13.74 billion, a P/E ratio of 13.69, a P/E/G ratio of 1.72 and a beta of 0.47. The company has a debt-to-equity ratio of 3.66, a quick ratio of 1.78 and a current ratio of 1.78.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings data on Friday, July 25th. The business services provider reported $1.48 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $2.96 billion. During the same period in the previous year, the business posted $1.38 EPS. The firm’s quarterly revenue was down .6% compared to the same quarter last year. As a group, research analysts anticipate that Booz Allen Hamilton Holding Corporation will post 6.44 EPS for the current year.

Booz Allen Hamilton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Thursday, August 14th will be given a dividend of $0.55 per share. The ex-dividend date is Thursday, August 14th. This represents a $2.20 annualized dividend and a dividend yield of 2.0%. Booz Allen Hamilton’s dividend payout ratio is currently 27.03%.

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.