Ipsen Advisor Group LLC Raises Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Ipsen Advisor Group LLC raised its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 8.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,634 shares of the business services provider’s stock after purchasing an additional 285 shares during the period. Ipsen Advisor Group LLC’s holdings in Booz Allen Hamilton were worth $380,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in Booz Allen Hamilton during the fourth quarter worth approximately $196,578,000. Raymond James Financial Inc. acquired a new stake in Booz Allen Hamilton during the fourth quarter worth approximately $173,055,000. Janus Henderson Group PLC lifted its position in shares of 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 buying an additional 1,135,426 shares during the last quarter. Man Group plc boosted its holdings in shares of 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 buying an additional 1,081,239 shares in the last quarter. Finally, Bank of America Corp DE grew its position in shares of Booz Allen Hamilton by 61.4% in the 4th 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 during the last quarter. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BAH has been the subject of a number of research reports. UBS Group boosted their price target on shares of Booz Allen Hamilton from $120.00 to $135.00 and gave the company a “neutral” rating in a research report on Monday, May 19th. JPMorgan Chase & Co. reduced their target price on Booz Allen Hamilton from $140.00 to $120.00 and set an “underweight” rating for the company in a report on Tuesday, April 15th. Raymond James reaffirmed a “market perform” rating on shares of Booz Allen Hamilton in a research report on Friday, May 23rd. The Goldman Sachs Group downgraded Booz Allen Hamilton from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $108.00 to $94.00 in a report on Wednesday, May 28th. Finally, Wells Fargo & Company lowered their target price on shares of Booz Allen Hamilton from $148.00 to $135.00 and set an “overweight” rating on the stock 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 assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $136.90.

Booz Allen Hamilton Trading Down 1.3%

NYSE:BAH opened at $101.88 on Tuesday. 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 stock’s 50 day simple moving average is $114.71 and its 200-day simple moving average is $121.86. The firm has a market cap of $12.65 billion, a P/E ratio of 15.18, a PEG ratio of 1.25 and a beta of 0.49.

Booz Allen Hamilton (NYSE:BAH) last announced 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. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. 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 company posted $1.33 EPS. Booz Allen Hamilton’s revenue was up 7.3% compared to the same quarter last year. Equities analysts anticipate that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current year.

Booz Allen Hamilton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Wednesday, June 11th will be given 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 2.16%. 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.