9,083 Shares in Booz Allen Hamilton Holding Co. (NYSE:BAH) Bought by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC purchased a new position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) in the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 9,083 shares of the business services provider’s stock, valued at approximately $950,000.

Several other institutional investors have also bought and sold shares of the stock. Norges Bank purchased a new position in Booz Allen Hamilton in the fourth quarter worth $196,578,000. Raymond James Financial Inc. purchased a new position in Booz Allen Hamilton in the fourth quarter worth $173,055,000. Janus Henderson Group PLC boosted its position in Booz Allen Hamilton by 179.7% in the fourth quarter. Janus Henderson Group PLC now owns 1,767,129 shares of the business services provider’s stock worth $227,425,000 after purchasing an additional 1,135,426 shares during the last quarter. Man Group plc boosted its position 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 worth $145,224,000 after purchasing an additional 1,081,239 shares during the last quarter. Finally, Bank of America Corp DE boosted its position 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 worth $199,770,000 after purchasing an additional 590,655 shares during the last quarter. Institutional investors own 91.82% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on BAH shares. Barclays cut their price objective on Booz Allen Hamilton from $140.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 28th. William Blair cut Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a research report on Friday, February 21st. Cantor Fitzgerald raised Booz Allen Hamilton to a “strong-buy” rating in a research report on Tuesday, February 25th. Truist Financial dropped their price target on 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. Finally, JPMorgan Chase & Co. dropped their price target 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 analysts have rated the stock with a sell rating, seven have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $136.90.

Booz Allen Hamilton Stock Performance

Shares of BAH opened at $103.35 on Friday. The stock’s 50-day simple moving average is $114.15 and its 200 day simple moving average is $120.76. The stock has a market capitalization of $12.84 billion, a price-to-earnings ratio of 15.40, a price-to-earnings-growth ratio of 1.25 and a beta of 0.49. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.57 and a current ratio of 1.57. Booz Allen Hamilton Holding Co. has a 52-week low of $99.13 and a 52-week high of $190.59.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings data on Friday, May 23rd. The business services provider reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.02. The business had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $3.03 billion. Booz Allen Hamilton had a return on equity of 68.97% and a net margin of 7.39%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.33 EPS. Research analysts forecast that Booz Allen Hamilton Holding Co. will post 6.44 EPS 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. Shareholders of record on Wednesday, June 11th will be paid a $0.55 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $2.20 dividend on an annualized basis and a yield of 2.13%. Booz Allen Hamilton’s dividend payout ratio is currently 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.