Hilton Capital Management LLC bought a new position in Booz Allen Hamilton Holding Co. (NYSE:BAH) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 293,586 shares of the business services provider’s stock, valued at approximately $17,069,000. Booz Allen Hamilton accounts for about 2.3% of Hilton Capital Management LLC’s holdings, making the stock its 19th biggest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Federated Investors Inc. PA boosted its stake in Booz Allen Hamilton by 70.6% in the 1st quarter. Federated Investors Inc. PA now owns 362,389 shares of the business services provider’s stock worth $21,069,000 after purchasing an additional 149,939 shares in the last quarter. Geode Capital Management LLC grew its stake in Booz Allen Hamilton by 9.1% in the fourth quarter. Geode Capital Management LLC now owns 1,481,657 shares of the business services provider’s stock valued at $66,778,000 after purchasing an additional 123,410 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Booz Allen Hamilton by 13.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 17,594 shares of the business services provider’s stock valued at $793,000 after purchasing an additional 2,027 shares during the last quarter. Bank of America Corp DE grew its stake in Booz Allen Hamilton by 7.3% in the fourth quarter. Bank of America Corp DE now owns 1,116,793 shares of the business services provider’s stock valued at $50,335,000 after purchasing an additional 76,187 shares during the last quarter. Finally, Hanseatic Management Services Inc. grew its stake in Booz Allen Hamilton by 22.7% in the first quarter. Hanseatic Management Services Inc. now owns 14,820 shares of the business services provider’s stock valued at $862,000 after purchasing an additional 2,740 shares during the last quarter. 94.62% of the stock is currently owned by institutional investors.

In related news, VP Laura S. Adams sold 780 shares of Booz Allen Hamilton stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $65.63, for a total transaction of $51,191.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.60% of the company’s stock.

Several brokerages have weighed in on BAH. Wells Fargo & Co reissued a “buy” rating on shares of Booz Allen Hamilton in a report on Friday, June 7th. Morgan Stanley began coverage on Booz Allen Hamilton in a report on Monday, June 3rd. They issued an “overweight” rating and a $70.00 price target for the company. Jefferies Financial Group raised their price target on Booz Allen Hamilton from $61.00 to $69.00 and gave the stock an “outperform” rating in a report on Wednesday, May 29th. Zacks Investment Research downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating and set a $66.00 price target for the company. in a report on Thursday, May 30th. Finally, SunTrust Banks raised their price target on Booz Allen Hamilton to $69.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $59.90.

Shares of Booz Allen Hamilton stock traded up $0.31 on Friday, reaching $65.13. 10,909 shares of the stock were exchanged, compared to its average volume of 995,573. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 2.52. Booz Allen Hamilton Holding Co. has a twelve month low of $42.91 and a twelve month high of $66.47. The company has a market capitalization of $9.08 billion, a price-to-earnings ratio of 23.61, a price-to-earnings-growth ratio of 1.75 and a beta of 0.95.

Booz Allen Hamilton (NYSE:BAH) last released its earnings results on Tuesday, May 28th. The business services provider reported $0.64 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.03. Booz Allen Hamilton had a return on equity of 60.67% and a net margin of 6.24%. The firm had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company’s revenue was up 9.1% compared to the same quarter last year. Research analysts anticipate that Booz Allen Hamilton Holding Co. will post 3.01 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Thursday, June 13th. Booz Allen Hamilton’s dividend payout ratio (DPR) is 33.33%.

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About Booz Allen Hamilton

Booz Allen Hamilton Holding Corporation provides management and technology consulting, engineering, analytics, digital, mission operations, and cyber solutions to governments, corporations, and not-for-profit organizations in the United States and internationally. The company offers consulting solutions for various domains, business strategies, human capital, and operations.

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Institutional Ownership by Quarter for Booz Allen Hamilton (NYSE:BAH)

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