Hennessy Advisors Inc. Makes New Investment in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Hennessy Advisors Inc. acquired a new position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) during the first quarter, HoldingsChannel.com reports. The institutional investor acquired 19,700 shares of the business services provider’s stock, valued at approximately $2,060,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in Booz Allen Hamilton during the fourth quarter worth about $196,578,000. Raymond James Financial Inc. bought a new stake in shares of Booz Allen Hamilton during the 4th quarter valued at approximately $173,055,000. Janus Henderson Group PLC increased its position in Booz Allen Hamilton by 179.7% during the 4th 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 in the last quarter. Man Group plc lifted its stake in Booz Allen Hamilton by 2,293.2% in the 4th quarter. Man Group plc now owns 1,128,389 shares of the business services provider’s stock valued at $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 valued at $199,770,000 after buying an additional 590,655 shares in the last quarter. Institutional investors own 91.82% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BAH. Wells Fargo & Company lowered their price target on shares of Booz Allen Hamilton from $148.00 to $135.00 and set an “overweight” rating for the company in a report on Friday, May 23rd. The Goldman Sachs Group cut Booz Allen Hamilton from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $108.00 to $94.00 in a report on Wednesday, May 28th. Truist Financial cut their price target on Booz Allen Hamilton from $142.00 to $110.00 and set a “hold” rating on the stock in a research note on Monday, April 14th. Barclays lowered their price objective on Booz Allen Hamilton from $140.00 to $120.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 28th. Finally, Raymond James reiterated a “market perform” rating on shares of Booz Allen Hamilton in a research report on Friday, May 23rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $136.90.

Booz Allen Hamilton Stock Up 1.2%

Shares of NYSE BAH opened at $103.35 on Monday. The company’s 50 day moving average price is $114.15 and its 200-day moving average price is $120.57. 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. The company has a market capitalization of $12.84 billion, a P/E ratio of 15.40, a price-to-earnings-growth ratio of 1.25 and a beta of 0.49.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings results on Friday, May 23rd. The business services provider reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.02. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. The business had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $3.03 billion. During the same quarter in the prior year, the firm posted $1.33 earnings per share. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. Equities analysts forecast that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Announces Dividend

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 issued a $0.55 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $2.20 dividend on an annualized basis and a yield of 2.13%. Booz Allen Hamilton’s 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.