Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Purchased by FIL Ltd

FIL Ltd increased its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 63.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 153,343 shares of the business services provider's stock after purchasing an additional 59,440 shares during the period. FIL Ltd owned approximately 0.12% of Booz Allen Hamilton worth $19,735,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Bogart Wealth LLC boosted its position in shares of Booz Allen Hamilton by 387.5% during the fourth quarter. Bogart Wealth LLC now owns 195 shares of the business services provider's stock valued at $25,000 after buying an additional 155 shares during the period. OFI Invest Asset Management bought a new stake in shares of Booz Allen Hamilton during the 4th quarter worth approximately $25,000. EverSource Wealth Advisors LLC boosted its holdings in Booz Allen Hamilton by 144.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider's stock valued at $29,000 after acquiring an additional 134 shares during the period. R Squared Ltd bought a new position in Booz Allen Hamilton in the 4th quarter valued at $31,000. Finally, SRS Capital Advisors Inc. increased its stake in Booz Allen Hamilton by 3,314.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider's stock worth $31,000 after purchasing an additional 232 shares during the period. 91.82% of the stock is currently owned by institutional investors.

Booz Allen Hamilton Stock Down 1.5 %

BAH stock traded down $1.65 during trading on Tuesday, reaching $110.38. 1,537,918 shares of the company traded hands, compared to its average volume of 1,470,116. The company has a market capitalization of $13.98 billion, a price-to-earnings ratio of 16.45, a price-to-earnings-growth ratio of 1.25 and a beta of 0.58. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.57 and a current ratio of 1.57. The business has a 50 day simple moving average of $111.58 and a 200 day simple moving average of $135.70. Booz Allen Hamilton Holding Co. has a 12 month low of $101.05 and a 12 month high of $190.59.

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Booz Allen Hamilton (NYSE:BAH - Get Free Report) last released its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share 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%. On average, equities research analysts anticipate that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The firm also recently declared 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 an increase from Booz Allen Hamilton's previous quarterly dividend of $0.51. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.99%. Booz Allen Hamilton's dividend payout ratio is presently 32.79%.

Analyst Ratings Changes

A number of research firms have recently commented on BAH. The Goldman Sachs Group restated a "neutral" rating and issued a $109.00 price target (down from $150.00) on shares of Booz Allen Hamilton in a report on Friday. Wells Fargo & Company reduced their target price on shares of Booz Allen Hamilton from $164.00 to $148.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Truist Financial lowered their price target on Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating for the company in a report on Monday. Raymond James upgraded Booz Allen Hamilton from a "market perform" rating to an "outperform" rating and set a $150.00 price objective on the stock in a report on Monday, February 3rd. Finally, TD Cowen lowered their target price on Booz Allen Hamilton from $200.00 to $155.00 and set a "buy" rating for the company in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Booz Allen Hamilton has a consensus rating of "Hold" and an average price target of $146.45.

Booz Allen Hamilton 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.