First Trust Advisors LP Boosts Stock Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

First Trust Advisors LP lifted its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 15.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,804,642 shares of the business services provider's stock after purchasing an additional 371,390 shares during the period. First Trust Advisors LP owned 2.21% of Booz Allen Hamilton worth $360,957,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Booz Allen Hamilton during the 4th quarter valued at $196,578,000. Raymond James Financial Inc. bought a new stake in Booz Allen Hamilton during the fourth quarter valued at about $173,055,000. Renaissance Technologies LLC lifted its position in shares of 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 acquiring an additional 556,700 shares in the last quarter. JPMorgan Chase & Co. boosted its stake 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 worth $581,516,000 after acquiring an additional 501,725 shares during the period. Finally, Alliancebernstein L.P. grew its position in shares of Booz Allen Hamilton by 78.8% during the fourth quarter. Alliancebernstein L.P. now owns 1,033,475 shares of the business services provider's stock worth $133,008,000 after purchasing an additional 455,605 shares in the last quarter. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

Booz Allen Hamilton Trading Up 1.9 %

BAH traded up $2.21 on Thursday, hitting $118.63. The company had a trading volume of 1,146,434 shares, compared to its average volume of 2,626,774. Booz Allen Hamilton Holding Co. has a 12-month low of $101.05 and a 12-month high of $190.59. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 2.72. The business's fifty day simple moving average is $110.48 and its 200 day simple moving average is $133.89. The company has a market cap of $15.02 billion, a PE ratio of 17.70, a PEG ratio of 1.25 and a beta of 0.58.

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 for the quarter, beating the consensus estimate of $1.48 by $0.07. Booz Allen Hamilton had a return on equity of 68.97% and a net margin of 7.39%. Equities research 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 declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were paid a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, February 14th. This is a boost 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 1.85%. Booz Allen Hamilton's payout ratio is currently 32.79%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BAH. TD Cowen dropped their price target on Booz Allen Hamilton from $200.00 to $155.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. 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. Truist Financial cut their target price on shares of Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating for the company in a research note on Monday, April 14th. Wells Fargo & Company decreased their price target on shares of Booz Allen Hamilton from $164.00 to $148.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, JPMorgan Chase & Co. reduced their target price 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. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus 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.