Nilsine Partners LLC purchased a new stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 18,320 shares of the business services provider’s stock, valued at approximately $1,111,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. grew its stake in shares of Booz Allen Hamilton by 38.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,528,226 shares of the business services provider’s stock valued at $550,722,000 after purchasing an additional 1,811,906 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Booz Allen Hamilton by 36.0% during the fourth quarter. First Trust Advisors LP now owns 4,856,528 shares of the business services provider’s stock worth $409,697,000 after purchasing an additional 1,285,475 shares during the last quarter. Primecap Management Co. CA lifted its holdings in shares of Booz Allen Hamilton by 135.2% during the fourth quarter. Primecap Management Co. CA now owns 4,666,298 shares of the business services provider’s stock worth $393,649,000 after purchasing an additional 2,682,460 shares during the period. State Street Corp lifted its holdings in shares of Booz Allen Hamilton by 53.2% during the fourth quarter. State Street Corp now owns 4,402,897 shares of the business services provider’s stock worth $371,428,000 after purchasing an additional 1,528,739 shares during the period. Finally, AQR Capital Management LLC grew its position in Booz Allen Hamilton by 48.6% in the 3rd quarter. AQR Capital Management LLC now owns 3,812,243 shares of the business services provider’s stock valued at $377,488,000 after buying an additional 1,246,451 shares during the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.
Booz Allen Hamilton Price Performance
Shares of NYSE BAH opened at $72.94 on Monday. The firm has a market capitalization of $8.77 billion, a P/E ratio of 11.47, a PEG ratio of 3.76 and a beta of 0.36. Booz Allen Hamilton Holding Corporation has a one year low of $59.50 and a one year high of $109.10. The company’s fifty day moving average is $70.29 and its two-hundred day moving average is $74.84. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.59 and a current ratio of 1.60.
Booz Allen Hamilton Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.36 annualized dividend and a yield of 3.2%. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 37.11%.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on BAH shares. UBS Group boosted their price objective on shares of Booz Allen Hamilton from $70.00 to $78.00 and gave the company a “neutral” rating in a research note on Monday, July 27th. Bank of America lowered their target price on shares of Booz Allen Hamilton from $90.00 to $75.00 and set an “underperform” rating on the stock in a report on Monday, July 20th. Citigroup dropped their price target on shares of Booz Allen Hamilton from $88.00 to $69.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 1st. Cantor Fitzgerald cut their price target on shares of Booz Allen Hamilton from $160.00 to $140.00 and set an “overweight” rating for the company in a report on Thursday, July 23rd. Finally, Jefferies Financial Group restated a “hold” rating and issued a $80.00 price objective on shares of Booz Allen Hamilton in a research report on Tuesday, September 1st. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $83.69.
View Our Latest Stock Report on BAH
About Booz Allen Hamilton
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.
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