Gateway Investment Advisers LLC Raises Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Gateway Investment Advisers LLC boosted its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 2.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,859 shares of the business services provider’s stock after buying an additional 419 shares during the period. Gateway Investment Advisers LLC’s holdings in Booz Allen Hamilton were worth $1,763,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bogart Wealth LLC lifted its holdings 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 buying an additional 155 shares during the period. OFI Invest Asset Management bought a new position in shares of Booz Allen Hamilton during the fourth quarter valued at approximately $25,000. EverSource Wealth Advisors LLC increased its stake in shares of Booz Allen Hamilton by 144.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 134 shares in the last quarter. SRS Capital Advisors Inc. increased its stake in shares of Booz Allen Hamilton by 3,314.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 232 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of 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. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BAH has been the subject of a number of analyst reports. Raymond James reaffirmed a “market perform” rating on shares of Booz Allen Hamilton in a research note on Friday, May 23rd. William Blair downgraded shares of Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. UBS Group raised their target price on shares of Booz Allen Hamilton from $120.00 to $135.00 and gave the company a “neutral” rating in a research note on Monday, May 19th. Wells Fargo & Company decreased their target price on shares of 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, Wall Street Zen downgraded shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Saturday, May 24th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $136.90.

Booz Allen Hamilton Price Performance

Shares of BAH opened at $103.12 on Monday. The company has a market capitalization of $12.81 billion, a P/E ratio of 15.37, a price-to-earnings-growth ratio of 1.25 and a beta of 0.49. 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 firm has a 50 day moving average of $114.92 and a 200 day moving average of $122.19. Booz Allen Hamilton Holding Co. has a twelve month low of $101.05 and a twelve month high of $190.59.

Booz Allen Hamilton (NYSE:BAH) last posted its 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. The business had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $3.03 billion. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. The firm’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.33 EPS. As a group, equities research analysts anticipate that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The firm also recently declared 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. 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 presently 30.34%.

Booz Allen Hamilton 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.