abrdn plc Buys New Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

abrdn plc purchased a new stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 4,250 shares of the business services provider's stock, valued at approximately $546,000.

A number of other hedge funds have also added to or reduced their stakes in BAH. Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of Booz Allen Hamilton by 700.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 800 shares of the business services provider's stock valued at $130,000 after buying an additional 700 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Booz Allen Hamilton by 13.0% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 685 shares of the business services provider's stock worth $111,000 after acquiring an additional 79 shares during the last quarter. Wesbanco Bank Inc. boosted its holdings in Booz Allen Hamilton by 9.5% during the 3rd quarter. Wesbanco Bank Inc. now owns 2,881 shares of the business services provider's stock worth $469,000 after acquiring an additional 251 shares during the last quarter. Creative Planning boosted its holdings in Booz Allen Hamilton by 11.3% during the 3rd quarter. Creative Planning now owns 7,485 shares of the business services provider's stock worth $1,218,000 after acquiring an additional 758 shares during the last quarter. Finally, Cabot Wealth Management Inc. boosted its holdings in Booz Allen Hamilton by 126.5% during the third quarter. Cabot Wealth Management Inc. now owns 22,254 shares of the business services provider's stock worth $3,622,000 after purchasing an additional 12,431 shares during the last quarter. Institutional investors and hedge funds own 91.82% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on BAH. Cantor Fitzgerald started coverage on shares of Booz Allen Hamilton in a report on Friday, February 7th. They set an "overweight" rating and a $160.00 price target on the stock. Wells Fargo & Company cut their target price on Booz Allen Hamilton from $177.00 to $171.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 8th. Jefferies Financial Group cut Booz Allen Hamilton from a "buy" rating to a "hold" rating and boosted their price objective for the stock from $180.00 to $190.00 in a research report on Monday, November 4th. UBS Group assumed coverage on Booz Allen Hamilton in a research report on Monday, December 2nd. They issued a "neutral" rating and a $159.00 price objective on the stock. Finally, Barclays raised shares of Booz Allen Hamilton from an "underweight" rating to an "equal weight" rating and set a $140.00 price target on the stock in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $158.91.

Booz Allen Hamilton Stock Performance

NYSE BAH traded down $0.20 during trading on Friday, hitting $117.68. 1,694,501 shares of the company's stock traded hands, compared to its average volume of 1,996,057. The stock has a market capitalization of $14.90 billion, a price-to-earnings ratio of 17.54, a PEG ratio of 1.46 and a beta of 0.55. Booz Allen Hamilton Holding Co. has a 12-month low of $115.97 and a 12-month high of $190.59. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.56 and a current ratio of 1.57. The business has a 50 day moving average of $131.60 and a 200-day moving average of $148.75.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 EPS for the quarter, beating analysts' consensus estimates of $1.48 by $0.07. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. As a group, equities research analysts anticipate that Booz Allen Hamilton Holding Co. will post 6.33 earnings per share for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.20 annualized dividend and a dividend yield of 1.87%. This is an increase from Booz Allen Hamilton's previous quarterly dividend of $0.51. Booz Allen Hamilton's dividend payout ratio is currently 32.79%.

Booz Allen Hamilton Company Profile

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.