GW&K Investment Management LLC Acquires 3,435 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

GW&K Investment Management LLC lifted its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 0.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 461,517 shares of the business services provider's stock after buying an additional 3,435 shares during the quarter. GW&K Investment Management LLC owned about 0.36% of Booz Allen Hamilton worth $59,397,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. QRG Capital Management Inc. boosted its holdings in shares of Booz Allen Hamilton by 11.9% during the fourth quarter. QRG Capital Management Inc. now owns 3,916 shares of the business services provider's stock worth $504,000 after acquiring an additional 418 shares during the period. Versor Investments LP acquired a new stake in Booz Allen Hamilton during the 4th quarter worth approximately $933,000. Proficio Capital Partners LLC acquired a new stake in Booz Allen Hamilton during the 4th quarter worth approximately $4,683,000. Mn Services Vermogensbeheer B.V. boosted its stake in Booz Allen Hamilton by 1.8% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 50,900 shares of the business services provider's stock valued at $6,551,000 after purchasing an additional 900 shares during the period. Finally, Whipplewood Advisors LLC acquired a new position in Booz Allen Hamilton in the 4th quarter valued at $140,000. Institutional investors own 91.82% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on BAH shares. Wells Fargo & Company reduced their target price on shares of Booz Allen Hamilton from $180.00 to $164.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. Jefferies Financial Group downgraded shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating and boosted their price objective for the company from $180.00 to $190.00 in a report on Monday, November 4th. William Blair lowered shares of Booz Allen Hamilton from an "outperform" rating to a "market perform" rating in a research report on Friday, February 21st. JPMorgan Chase & Co. dropped their price target on shares of Booz Allen Hamilton from $142.00 to $140.00 and set an "underweight" rating for the company in a research report on Monday, February 3rd. Finally, UBS Group started coverage on Booz Allen Hamilton in a research report on Monday, December 2nd. They set a "neutral" rating and a $159.00 price target on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Booz Allen Hamilton presently has a consensus rating of "Hold" and an average price target of $158.27.

Booz Allen Hamilton Price Performance

Shares of BAH traded up $2.87 during midday trading on Tuesday, hitting $105.59. The company's stock had a trading volume of 6,750,807 shares, compared to its average volume of 2,416,068. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 2.72. Booz Allen Hamilton Holding Co. has a one year low of $101.82 and a one year high of $190.59. The stock has a market capitalization of $13.37 billion, a price-to-earnings ratio of 15.74, a price-to-earnings-growth ratio of 1.25 and a beta of 0.55. The company's fifty day simple moving average is $126.74 and its two-hundred day simple moving average is $146.21.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last released its earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts expect that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 14th will be paid a $0.55 dividend. This is an increase from Booz Allen Hamilton's previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.20 annualized dividend and a yield of 2.08%. Booz Allen Hamilton's dividend payout ratio is presently 32.79%.

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.