Mount Yale Investment Advisors LLC Has $3.14 Million Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Mount Yale Investment Advisors LLC lessened its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 2.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,426 shares of the business services provider’s stock after selling 483 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Booz Allen Hamilton were worth $3,144,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD raised its stake in Booz Allen Hamilton by 2.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,406,880 shares of the business services provider’s stock worth $1,544,798,000 after buying an additional 222,884 shares during the period. WCM Investment Management LLC raised its stake in Booz Allen Hamilton by 0.5% during the 1st quarter. WCM Investment Management LLC now owns 4,252,168 shares of the business services provider’s stock worth $631,192,000 after buying an additional 22,708 shares during the period. AGF Management Ltd. raised its stake in Booz Allen Hamilton by 63.4% during the 2nd quarter. AGF Management Ltd. now owns 1,750,610 shares of the business services provider’s stock worth $269,419,000 after buying an additional 679,280 shares during the period. American Century Companies Inc. raised its stake in Booz Allen Hamilton by 6.1% during the 2nd quarter. American Century Companies Inc. now owns 1,672,961 shares of the business services provider’s stock worth $257,469,000 after buying an additional 96,553 shares during the period. Finally, Axiom Investors LLC DE raised its stake in shares of Booz Allen Hamilton by 9.4% in the 4th quarter. Axiom Investors LLC DE now owns 1,185,362 shares of the business services provider’s stock valued at $151,620,000 after purchasing an additional 102,062 shares during the period. Institutional investors and hedge funds own 91.82% of the company’s stock.

Insider Buying and Selling

In related news, Director Melody C. Barnes sold 1,041 shares of Booz Allen Hamilton stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $143.31, for a total transaction of $149,185.71. Following the completion of the transaction, the director now owns 18,123 shares in the company, valued at $2,597,207.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.59% of the stock is currently owned by corporate insiders.

Booz Allen Hamilton Price Performance

Shares of NYSE BAH opened at $157.89 on Friday. The stock has a market capitalization of $20.42 billion, a price-to-earnings ratio of 34.32, a PEG ratio of 2.19 and a beta of 0.59. The business has a 50-day moving average of $152.10 and a 200-day moving average of $150.69. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.55 and a quick ratio of 1.55. Booz Allen Hamilton Holding Co. has a fifty-two week low of $106.90 and a fifty-two week high of $164.43.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings results on Friday, July 26th. The business services provider reported $1.38 EPS for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.14). Booz Allen Hamilton had a return on equity of 65.80% and a net margin of 5.57%. The business had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $2.92 billion. As a group, sell-side analysts predict that Booz Allen Hamilton Holding Co. will post 5.96 earnings per share for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 14th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend was Wednesday, August 14th. Booz Allen Hamilton’s payout ratio is currently 44.35%.

Wall Street Analysts Forecast Growth

BAH has been the topic of several recent research reports. Wells Fargo & Company raised Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and dropped their price target for the company from $168.00 to $165.00 in a research note on Monday, July 29th. Jefferies Financial Group lifted their price target on Booz Allen Hamilton from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. TD Cowen dropped their price target on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating on the stock in a research note on Monday, July 29th. Truist Financial lifted their price target on Booz Allen Hamilton from $140.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday, September 5th. Finally, JPMorgan Chase & Co. lifted their price target on Booz Allen Hamilton from $136.00 to $154.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $159.33.

About Booz Allen Hamilton

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.