Pallas Capital Advisors LLC Invests $549,000 in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Pallas Capital Advisors LLC purchased a new position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) during the 1st quarter, HoldingsChannel.com reports. The fund purchased 5,253 shares of the business services provider’s stock, valued at approximately $549,000.

Several other institutional investors have also modified their holdings of BAH. SG Americas Securities LLC raised its holdings in shares of Booz Allen Hamilton by 25.7% during the 4th quarter. SG Americas Securities LLC now owns 894 shares of the business services provider’s stock worth $115,000 after acquiring an additional 183 shares during the period. abrdn plc purchased a new position in shares of Booz Allen Hamilton during the 4th quarter worth $546,000. Yousif Capital Management LLC raised its holdings in shares of Booz Allen Hamilton by 5.3% during the 4th quarter. Yousif Capital Management LLC now owns 2,265 shares of the business services provider’s stock worth $292,000 after acquiring an additional 113 shares during the period. Bleakley Financial Group LLC raised its holdings in Booz Allen Hamilton by 4.3% in the 4th quarter. Bleakley Financial Group LLC now owns 1,816 shares of the business services provider’s stock valued at $234,000 after buying an additional 75 shares during the period. Finally, State of Alaska Department of Revenue raised its holdings in Booz Allen Hamilton by 81.4% in the 4th quarter. State of Alaska Department of Revenue now owns 4,000 shares of the business services provider’s stock valued at $514,000 after buying an additional 1,795 shares during the period. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Raymond James restated a “market perform” rating on shares of Booz Allen Hamilton in a report on Friday, May 23rd. Wells Fargo & Company reduced their price objective on shares of Booz Allen Hamilton from $148.00 to $135.00 and set an “overweight” rating on the stock in a report on Friday, May 23rd. Cantor Fitzgerald upgraded shares of Booz Allen Hamilton to a “strong-buy” rating in a report on Tuesday, February 25th. Truist Financial reduced 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 report on Monday, April 14th. Finally, Barclays reduced 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. Two research 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, the company has a consensus rating of “Hold” and a consensus target price of $136.90.

Booz Allen Hamilton Stock Down 0.2%

Shares of NYSE:BAH opened at $100.49 on Thursday. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.57 and a quick ratio of 1.57. The firm has a market capitalization of $12.48 billion, a PE ratio of 14.98, a price-to-earnings-growth ratio of 1.25 and a beta of 0.49. The firm’s 50-day moving average is $114.32 and its two-hundred day moving average is $121.57. Booz Allen Hamilton Holding Co. has a 1 year low of $99.13 and a 1 year high of $190.59.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings results 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 company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $3.03 billion. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.33 earnings per share. Analysts predict that Booz Allen Hamilton Holding Co. will post 6.44 EPS 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. Stockholders of record on Wednesday, June 11th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date is Wednesday, June 11th. Booz Allen Hamilton’s dividend payout ratio is presently 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.