BI Asset Management Fondsmaeglerselskab A S Acquires Shares of 46,502 Booz Allen Hamilton Holding Co. (NYSE:BAH)

BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 46,502 shares of the business services provider's stock, valued at approximately $5,985,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Booz Allen Hamilton in the fourth quarter worth $196,578,000. Raymond James Financial Inc. acquired a new stake in shares of Booz Allen Hamilton during the fourth quarter worth about $173,055,000. Renaissance Technologies LLC lifted its stake in Booz Allen Hamilton by 1,111.3% in the fourth quarter. Renaissance Technologies LLC now owns 606,794 shares of the business services provider's stock valued at $78,094,000 after buying an additional 556,700 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Booz Allen Hamilton by 12.5% in the fourth quarter. JPMorgan Chase & Co. now owns 4,518,386 shares of the business services provider's stock valued at $581,516,000 after buying an additional 501,725 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in Booz Allen Hamilton by 78.8% during the 4th quarter. Alliancebernstein L.P. now owns 1,033,475 shares of the business services provider's stock valued at $133,008,000 after acquiring an additional 455,605 shares during the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on BAH shares. The Goldman Sachs Group reiterated a "neutral" rating and issued a $109.00 price objective (down previously from $150.00) on shares of Booz Allen Hamilton in a research report on Friday, April 11th. Wells Fargo & Company cut their target price on shares of Booz Allen Hamilton from $164.00 to $148.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. JPMorgan Chase & Co. decreased their price objective on Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating on the stock in a report on Tuesday, April 15th. Barclays raised shares of Booz Allen Hamilton from an "underweight" rating to an "equal weight" rating and set a $140.00 price objective for the company in a research note on Monday, January 6th. Finally, William Blair lowered Booz Allen Hamilton from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $146.45.

Booz Allen Hamilton Stock Performance

Shares of NYSE:BAH traded up $0.41 on Friday, hitting $119.74. The company had a trading volume of 1,706,657 shares, compared to its average volume of 1,517,120. The stock has a 50 day moving average price of $110.51 and a 200 day moving average price of $133.60. The stock has a market cap of $15.16 billion, a price-to-earnings ratio of 17.85, a P/E/G ratio of 1.25 and a beta of 0.58. Booz Allen Hamilton Holding Co. has a 1-year low of $101.05 and a 1-year high of $190.59. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.72.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 EPS for the quarter, topping analysts' consensus estimates of $1.48 by $0.07. Booz Allen Hamilton had a return on equity of 68.97% and a net margin of 7.39%. Analysts expect that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current year.

Booz Allen Hamilton Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were given a dividend of $0.55 per share. The ex-dividend date was Friday, February 14th. This is a boost from Booz Allen Hamilton's previous quarterly dividend of $0.51. This represents a $2.20 annualized dividend and a dividend yield of 1.84%. Booz Allen Hamilton's dividend payout ratio is 32.79%.

About Booz Allen Hamilton

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.