Versor Investments LP bought a new position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH – Free Report) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 11,445 shares of the business services provider’s stock, valued at approximately $1,144,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BAH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Booz Allen Hamilton by 22.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,167 shares of the business services provider’s stock worth $2,737,000 after purchasing an additional 4,870 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of Booz Allen Hamilton by 365.0% in the 1st quarter. NewEdge Advisors LLC now owns 11,750 shares of the business services provider’s stock valued at $1,229,000 after buying an additional 9,223 shares during the last quarter. Sivia Capital Partners LLC raised its stake in Booz Allen Hamilton by 53.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,460 shares of the business services provider’s stock worth $464,000 after acquiring an additional 1,559 shares in the last quarter. Callan Family Office LLC purchased a new stake in Booz Allen Hamilton in the second quarter valued at $773,000. Finally, IFP Advisors Inc boosted its stake in Booz Allen Hamilton by 16.7% in the second quarter. IFP Advisors Inc now owns 1,042 shares of the business services provider’s stock valued at $109,000 after acquiring an additional 149 shares in the last quarter. 91.82% of the stock is owned by institutional investors and hedge funds.
Booz Allen Hamilton Trading Up 1.3%
NYSE:BAH opened at $90.14 on Tuesday. Booz Allen Hamilton Holding Corporation has a 12-month low of $79.23 and a 12-month high of $130.91. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 3.76. The stock’s 50 day simple moving average is $89.71 and its 200-day simple moving average is $95.50. The firm has a market cap of $10.87 billion, a P/E ratio of 13.39, a PEG ratio of 5.22 and a beta of 0.33.
Booz Allen Hamilton Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 13th will be issued a dividend of $0.59 per share. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.55. This represents a $2.36 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Friday, February 13th. Booz Allen Hamilton’s dividend payout ratio is currently 32.69%.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on BAH. JPMorgan Chase & Co. cut their target price on Booz Allen Hamilton from $122.00 to $90.00 and set an “underweight” rating on the stock in a research report on Monday, October 27th. TD Cowen lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Friday, October 17th. Citigroup boosted their price objective on Booz Allen Hamilton from $93.00 to $109.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. UBS Group restated a “neutral” rating and set a $97.00 target price on shares of Booz Allen Hamilton in a research report on Tuesday, January 27th. Finally, The Goldman Sachs Group reduced their price target on shares of Booz Allen Hamilton from $93.00 to $80.00 and set a “sell” rating for the company in a research report on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $101.25.
Get Our Latest Stock Report on BAH
Booz Allen Hamilton Company Profile
Booz Allen Hamilton Holding Corporation is a publicly traded management and technology consulting firm headquartered in McLean, Virginia. The company provides a wide range of professional services and solutions in strategy, analytics, digital transformation, engineering and cyber security. Its expertise spans from supporting federal civilian agencies to defense, intelligence and homeland security organizations, as well as select commercial industries.
Key offerings include data analytics and artificial intelligence applications, software development and modernization, systems integration, and cyber risk management.
Featured Articles
- Five stocks we like better than Booz Allen Hamilton
- The buying spree that no one is talking about
- How to collect $500-$800 weekly (BlackRock’s system)
- Trump’s AI Secret: 100X Faster Than Nvidia
- NEW LAW: Congress Approves Setup For Digital Dollar?
- They just tried to kill gold
Want to see what other hedge funds are holding BAH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booz Allen Hamilton Holding Corporation (NYSE:BAH – Free Report).
Receive News & Ratings for Booz Allen Hamilton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Booz Allen Hamilton and related companies with MarketBeat.com's FREE daily email newsletter.
