Federated Hermes Inc. Grows Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Federated Hermes Inc. grew its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 19.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 329,078 shares of the business services provider's stock after acquiring an additional 53,302 shares during the period. Federated Hermes Inc. owned about 0.26% of Booz Allen Hamilton worth $42,352,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Bogart Wealth LLC boosted its position in 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 acquiring an additional 155 shares during the last quarter. OFI Invest Asset Management bought a new stake in Booz Allen Hamilton in the fourth quarter worth approximately $25,000. EverSource Wealth Advisors LLC lifted its stake in Booz Allen Hamilton by 144.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider's stock valued at $29,000 after buying an additional 134 shares during the period. R Squared Ltd bought a new position in shares of Booz Allen Hamilton during the 4th quarter worth approximately $31,000. Finally, SRS Capital Advisors Inc. grew its position in shares of Booz Allen Hamilton by 3,314.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider's stock worth $31,000 after buying an additional 232 shares during the period. Institutional investors and hedge funds own 91.82% of the company's stock.

Wall Street Analyst Weigh In

BAH has been the topic of a number of research reports. TD Cowen dropped their target price on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. Barclays raised shares of Booz Allen Hamilton from an "underweight" rating to an "equal weight" rating and set a $140.00 price objective on the stock in a research report on Monday, January 6th. Cantor Fitzgerald raised Booz Allen Hamilton to a "strong-buy" rating in a research report on Tuesday, February 25th. Wells Fargo & Company decreased their price objective on Booz Allen Hamilton from $164.00 to $148.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, William Blair downgraded shares of Booz Allen Hamilton from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Booz Allen Hamilton presently has a consensus rating of "Hold" and a consensus price target of $152.36.

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Booz Allen Hamilton Stock Down 0.4 %

Shares of BAH traded down $0.39 during trading hours on Friday, reaching $108.42. 2,670,588 shares of the stock traded hands, compared to its average volume of 1,467,248. Booz Allen Hamilton Holding Co. has a 52 week low of $101.05 and a 52 week high of $190.59. The company has a market cap of $13.73 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 1.25 and a beta of 0.58. The stock has a fifty day simple moving average of $112.29 and a 200 day simple moving average of $136.22. 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 earnings results on Friday, January 31st. The business services provider reported $1.55 EPS for the quarter, topping the consensus estimate 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 analysts forecast that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current year.

Booz Allen Hamilton Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from Booz Allen Hamilton's previous quarterly dividend of $0.51. 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.