Elevation Point Wealth Partners LLC Grows Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Elevation Point Wealth Partners LLC boosted its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 17.4% during the 1st quarter, HoldingsChannel reports. The firm owned 24,225 shares of the business services provider’s stock after purchasing an additional 3,582 shares during the period. Elevation Point Wealth Partners LLC’s holdings in Booz Allen Hamilton were worth $2,533,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of BAH. Bogart Wealth LLC boosted its position in Booz Allen Hamilton by 387.5% in the fourth quarter. Bogart Wealth LLC now owns 195 shares of the business services provider’s stock worth $25,000 after purchasing an additional 155 shares during the last quarter. OFI Invest Asset Management purchased a new position in Booz Allen Hamilton in the fourth quarter worth about $25,000. MassMutual Private Wealth & Trust FSB boosted its position in Booz Allen Hamilton by 74.5% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 246 shares of the business services provider’s stock worth $26,000 after purchasing an additional 105 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Booz Allen Hamilton by 144.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider’s stock worth $29,000 after purchasing an additional 134 shares during the last quarter. Finally, SRS Capital Advisors Inc. boosted its position in Booz Allen Hamilton by 3,314.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider’s stock worth $31,000 after purchasing an additional 232 shares during the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.

Booz Allen Hamilton Stock Up 1.2%

BAH stock opened at $103.35 on Friday. Booz Allen Hamilton Holding Co. has a twelve month low of $99.13 and a twelve month high of $190.59. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 2.72. The stock has a market cap of $12.84 billion, a P/E ratio of 15.40, a PEG ratio of 1.25 and a beta of 0.49. The business’s 50-day moving average price is $114.15 and its 200-day moving average price is $120.94.

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 analysts’ consensus estimates of $1.59 by $0.02. Booz Allen Hamilton had a return on equity of 68.97% and a net margin of 7.39%. The company had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $3.03 billion. During the same period in the previous year, the firm earned $1.33 EPS. The firm’s revenue was up 7.3% compared to the same quarter last year. On average, equities research analysts forecast that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current year.

Booz Allen Hamilton Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 2.13%. Booz Allen Hamilton’s dividend payout ratio is presently 30.34%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on BAH shares. Raymond James reissued a “market perform” rating on shares of Booz Allen Hamilton in a research report on Friday, May 23rd. JPMorgan Chase & Co. dropped their target price 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. Cantor Fitzgerald raised Booz Allen Hamilton to a “strong-buy” rating in a research report on Tuesday, February 25th. William Blair cut Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a research report on Friday, February 21st. Finally, Truist Financial lowered their price objective 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. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $136.90.

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.