85,000 Shares in Booz Allen Hamilton Holding Co. (NYSE:BAH) Acquired by Rheos Capital Works Inc.

Rheos Capital Works Inc. bought a new stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 85,000 shares of the business services provider’s stock, valued at approximately $8,889,000. Rheos Capital Works Inc. owned about 0.07% of Booz Allen Hamilton at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Bogart Wealth LLC raised its stake in shares of 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 buying an additional 155 shares during the period. OFI Invest Asset Management bought a new stake in Booz Allen Hamilton during the 4th quarter worth approximately $25,000. MassMutual Private Wealth & Trust FSB lifted its holdings in Booz Allen Hamilton by 74.5% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 246 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 105 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of 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 period. Finally, SRS Capital Advisors Inc. increased its stake in shares of 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 in the last quarter. 91.82% of the stock is currently owned by institutional investors.

Booz Allen Hamilton Stock Up 1.0%

Shares of NYSE BAH opened at $103.12 on Monday. The stock has a market capitalization of $12.81 billion, a price-to-earnings ratio of 15.37, a P/E/G ratio of 1.25 and a beta of 0.49. Booz Allen Hamilton Holding Co. has a 12-month low of $101.05 and a 12-month high of $190.59. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.72. The firm’s 50-day moving average price is $114.92 and its 200-day moving average price is $122.19.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings data on Friday, May 23rd. The business services provider reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.02. The business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $3.03 billion. Booz Allen Hamilton had a return on equity of 68.97% and a net margin of 7.39%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the company earned $1.33 EPS. On average, equities research analysts anticipate that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Wednesday, June 11th will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Wednesday, June 11th. Booz Allen Hamilton’s dividend payout ratio is currently 30.34%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BAH. Truist Financial dropped their target price on shares of Booz Allen Hamilton from $142.00 to $110.00 and set a “hold” rating for the company in a report on Monday, April 14th. Wall Street Zen cut Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Saturday, May 24th. JPMorgan Chase & Co. lowered their price target on Booz Allen Hamilton from $140.00 to $120.00 and set an “underweight” rating on the stock in a report on Tuesday, April 15th. Raymond James reissued a “market perform” rating on shares of Booz Allen Hamilton in a report on Friday, May 23rd. Finally, Barclays dropped their price objective on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an “equal weight” rating for the company 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, Booz Allen Hamilton 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.