Bridges Investment Management Inc. Has $15.14 Million Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Bridges Investment Management Inc. boosted its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 19.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 117,661 shares of the business services provider's stock after buying an additional 18,930 shares during the quarter. Bridges Investment Management Inc. owned approximately 0.09% of Booz Allen Hamilton worth $15,143,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of BAH. Oppenheimer & Co. Inc. lifted its stake in shares of Booz Allen Hamilton by 3.3% during the third quarter. Oppenheimer & Co. Inc. now owns 1,822 shares of the business services provider's stock valued at $297,000 after acquiring an additional 59 shares during the period. Moody Aldrich Partners LLC lifted its position in Booz Allen Hamilton by 4.7% during the 4th quarter. Moody Aldrich Partners LLC now owns 1,660 shares of the business services provider's stock valued at $214,000 after purchasing an additional 74 shares during the period. Bleakley Financial Group LLC boosted its stake in shares of Booz Allen Hamilton by 4.3% in the 4th quarter. Bleakley Financial Group LLC now owns 1,816 shares of the business services provider's stock valued at $234,000 after purchasing an additional 75 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its position in shares of Booz Allen Hamilton by 2.0% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,160 shares of the business services provider's stock worth $535,000 after buying an additional 82 shares during the period. Finally, Apollon Wealth Management LLC raised its stake in shares of Booz Allen Hamilton by 5.5% during the third quarter. Apollon Wealth Management LLC now owns 1,663 shares of the business services provider's stock worth $271,000 after buying an additional 86 shares during the last quarter. 91.82% of the stock is currently owned by institutional investors.

Booz Allen Hamilton Stock Up 4.0 %

Shares of NYSE:BAH traded up $4.22 during midday trading on Wednesday, hitting $110.01. The stock had a trading volume of 3,527,144 shares, compared to its average volume of 2,462,930. The company has a market cap of $13.93 billion, a P/E ratio of 16.40, a PEG ratio of 1.25 and a beta of 0.56. Booz Allen Hamilton Holding Co. has a 12 month low of $101.82 and a 12 month high of $190.59. The business's 50-day simple moving average is $126.26 and its 200-day simple moving average is $145.91. 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 (NYSE:BAH - Get Free Report) last announced its quarterly earnings data 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%. On average, sell-side analysts forecast 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 disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.00%. This is a boost from Booz Allen Hamilton's previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Friday, February 14th. Booz Allen Hamilton's dividend payout ratio (DPR) is presently 32.79%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BAH. TD Cowen reduced their price objective on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. UBS Group assumed coverage on Booz Allen Hamilton in a report on Monday, December 2nd. They issued a "neutral" rating and a $159.00 price objective for the company. Raymond James upgraded shares of Booz Allen Hamilton from a "market perform" rating to an "outperform" rating and set a $150.00 price target on the stock in a research report on Monday, February 3rd. Barclays raised Booz Allen Hamilton from an "underweight" rating to an "equal weight" rating and set a $140.00 target price for the company in a research note on Monday, January 6th. Finally, StockNews.com lowered shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $158.27.

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.