AlphaQuest LLC bought a new position in Booz Allen Hamilton Holding Corporation (NYSE:BAH – Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,515 shares of the business services provider’s stock, valued at approximately $1,051,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in Booz Allen Hamilton during the 2nd quarter worth about $168,069,000. Primecap Management Co. CA increased its position in shares of Booz Allen Hamilton by 2,011.8% in the second quarter. Primecap Management Co. CA now owns 1,267,058 shares of the business services provider’s stock worth $131,939,000 after acquiring an additional 1,207,058 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Booz Allen Hamilton by 187.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,566,826 shares of the business services provider’s stock valued at $168,136,000 after acquiring an additional 1,021,809 shares during the period. AQR Capital Management LLC raised its holdings in shares of Booz Allen Hamilton by 58.2% during the second quarter. AQR Capital Management LLC now owns 2,565,792 shares of the business services provider’s stock valued at $264,251,000 after acquiring an additional 943,660 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Booz Allen Hamilton by 227.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 698,930 shares of the business services provider’s stock valued at $72,780,000 after acquiring an additional 485,425 shares in the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.
Booz Allen Hamilton Price Performance
Shares of BAH opened at $88.30 on Monday. The firm’s 50 day moving average price is $89.25 and its 200 day moving average price is $96.57. Booz Allen Hamilton Holding Corporation has a twelve month low of $79.23 and a twelve month high of $134.27. The firm has a market cap of $10.65 billion, a PE ratio of 13.12, a PEG ratio of 5.19 and a beta of 0.33. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.81 and a current ratio of 1.81.
Booz Allen Hamilton Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 13th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.7%. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.55. Booz Allen Hamilton’s payout ratio is currently 32.69%.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the stock. Stifel Nicolaus lifted their price objective on shares of Booz Allen Hamilton from $106.00 to $115.00 and gave the stock a “hold” rating in a research report on Monday, January 26th. TD Cowen downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Friday, October 17th. UBS Group reissued a “neutral” rating and set a $97.00 price target on shares of Booz Allen Hamilton in a research report on Tuesday, January 27th. Bank of America cut Booz Allen Hamilton from a “buy” rating to an “underperform” rating and set a $90.00 target price on the stock. in a research note on Friday, October 24th. Finally, Citigroup boosted their price objective on shares of Booz Allen Hamilton from $93.00 to $109.00 and gave the company a “neutral” rating in a research report on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Booz Allen Hamilton has an average rating of “Hold” and a consensus price target of $108.93.
Check Out Our Latest Research Report on Booz Allen Hamilton
Booz Allen Hamilton 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.
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