Booz Allen Hamilton Holding Corporation (NYSE:BAH) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd lessened its holdings in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 32.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,897 shares of the business services provider’s stock after selling 3,345 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Booz Allen Hamilton were worth $721,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB boosted its position in Booz Allen Hamilton by 74.5% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 246 shares of the business services provider’s stock valued at $26,000 after buying an additional 105 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Booz Allen Hamilton during the fourth quarter worth $33,000. Versant Capital Management Inc grew its stake 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 purchasing an additional 276 shares in the last quarter. CX Institutional purchased a new stake in Booz Allen Hamilton during the 1st quarter worth about $33,000. Finally, Ancora Advisors LLC acquired a new stake in Booz Allen Hamilton in the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on BAH shares. The Goldman Sachs Group downgraded Booz Allen Hamilton from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $108.00 to $94.00 in a research report on Wednesday, May 28th. William Blair raised Booz Allen Hamilton from a “market perform” rating to an “outperform” rating in a report on Monday, July 21st. Raymond James Financial reaffirmed a “market perform” rating on shares of Booz Allen Hamilton in a report on Friday, May 23rd. Wells Fargo & Company dropped their price objective on Booz Allen Hamilton from $148.00 to $135.00 and set an “overweight” rating on the stock in a report on Friday, May 23rd. Finally, UBS Group set a $119.00 target price on Booz Allen Hamilton and gave the stock a “neutral” rating in a research report on Monday, July 28th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $134.00.

Booz Allen Hamilton Trading Up 1.2%

BAH opened at $109.49 on Friday. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 3.66. Booz Allen Hamilton Holding Corporation has a 52 week low of $98.95 and a 52 week high of $190.59. The business’s 50 day moving average is $106.91 and its two-hundred day moving average is $112.07. The firm has a market cap of $13.49 billion, a price-to-earnings ratio of 13.45, a price-to-earnings-growth ratio of 1.71 and a beta of 0.47.

Booz Allen Hamilton (NYSE:BAH) last announced its earnings results on Friday, July 25th. The business services provider reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.03. The business had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.96 billion. Booz Allen Hamilton had a net margin of 8.70% and a return on equity of 73.05%. The company’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the company posted $1.38 EPS. On average, research analysts predict 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. Investors of record on Thursday, August 14th will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.0%. Booz Allen Hamilton’s dividend payout ratio (DPR) is currently 27.03%.

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.