Sivia Capital Partners LLC Buys New Shares in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Sivia Capital Partners LLC bought a new stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,901 shares of the business services provider’s stock, valued at approximately $303,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Booz Allen Hamilton during the 4th quarter valued at about $196,578,000. Raymond James Financial Inc. acquired a new position in Booz Allen Hamilton during the fourth quarter worth approximately $173,055,000. Janus Henderson Group PLC increased its position in Booz Allen Hamilton by 179.7% during the fourth 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 during the last quarter. Man Group plc increased its position in Booz Allen Hamilton by 2,293.2% during the fourth quarter. Man Group plc now owns 1,128,389 shares of the business services provider’s stock worth $145,224,000 after purchasing an additional 1,081,239 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Booz Allen Hamilton by 61.4% during the fourth quarter. Bank of America Corp DE now owns 1,552,217 shares of the business services provider’s stock worth $199,770,000 after purchasing an additional 590,655 shares during the last quarter. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Booz Allen Hamilton Stock Up 1.0%

Shares of NYSE:BAH opened at $103.12 on Monday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 2.72. Booz Allen Hamilton Holding Co. has a 52-week low of $101.05 and a 52-week high of $190.59. The company has a 50 day moving average of $114.92 and a two-hundred day moving average of $122.19. The company has a market capitalization of $12.81 billion, a price-to-earnings ratio of 15.37, a price-to-earnings-growth ratio of 1.25 and a beta of 0.49.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings results on Friday, May 23rd. The business services provider reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 7.39% and a return on equity of 68.97%. The business’s revenue was up 7.3% on a year-over-year basis. During the same period last year, the business earned $1.33 EPS. As a group, analysts forecast that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The firm 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 dividend of $0.55 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $2.20 annualized dividend and a dividend yield of 2.13%. Booz Allen Hamilton’s dividend payout ratio is presently 30.34%.

Wall Street Analyst Weigh In

BAH has been the subject of a number of research analyst reports. Raymond James restated a “market perform” rating on shares of Booz Allen Hamilton in a report on Friday, May 23rd. Truist Financial dropped their price target on Booz Allen Hamilton from $142.00 to $110.00 and set a “hold” rating for the company in a research note on Monday, April 14th. The Goldman Sachs Group lowered Booz Allen Hamilton from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $108.00 to $94.00 in a research note on Wednesday, May 28th. Wells Fargo & Company dropped their price target on Booz Allen Hamilton from $148.00 to $135.00 and set an “overweight” rating for the company in a research note on Friday, May 23rd. Finally, UBS Group increased their target price on shares of Booz Allen Hamilton from $120.00 to $135.00 and gave the stock a “neutral” rating in a research report on Monday, May 19th. 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 company’s stock. Based on data from MarketBeat, Booz Allen Hamilton currently has an average rating of “Hold” and a consensus price target 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.