Pictet Asset Management Holding SA Raises Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Pictet Asset Management Holding SA lifted its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 10.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,834 shares of the business services provider's stock after buying an additional 5,161 shares during the period. Pictet Asset Management Holding SA's holdings in Booz Allen Hamilton were worth $6,800,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. JPMorgan Chase & Co. lifted its position in shares of Booz Allen Hamilton by 12.5% during the 4th quarter. JPMorgan Chase & Co. now owns 4,518,386 shares of the business services provider's stock valued at $581,516,000 after acquiring an additional 501,725 shares during the period. Geode Capital Management LLC raised its holdings in Booz Allen Hamilton by 2.5% during the third quarter. Geode Capital Management LLC now owns 2,341,533 shares of the business services provider's stock worth $381,898,000 after purchasing an additional 58,038 shares during the last quarter. Norges Bank purchased a new stake in Booz Allen Hamilton during the fourth quarter worth $196,578,000. Raymond James Financial Inc. acquired a new stake in Booz Allen Hamilton in the fourth quarter valued at $173,055,000. Finally, Bank Julius Baer & Co. Ltd Zurich grew its holdings in Booz Allen Hamilton by 11.8% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,342,528 shares of the business services provider's stock valued at $184,347,000 after purchasing an additional 141,541 shares during the last quarter. 91.82% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of equities research analysts recently commented on BAH shares. 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 note on Monday, January 6th. Wells Fargo & Company dropped their price objective on shares of Booz Allen Hamilton from $164.00 to $148.00 and set an "overweight" rating for the company in a research note on Tuesday. Cantor Fitzgerald upgraded Booz Allen Hamilton to a "strong-buy" rating in a research report on Tuesday, February 25th. The Goldman Sachs Group lowered their target price on Booz Allen Hamilton from $210.00 to $158.00 and set a "buy" rating on the stock in a report on Thursday, December 12th. Finally, William Blair cut Booz Allen Hamilton from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. One 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. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $156.82.

Booz Allen Hamilton Trading Down 0.7 %

BAH stock traded down $0.80 on Tuesday, hitting $106.57. 3,091,282 shares of the company were exchanged, compared to its average volume of 1,421,032. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a market capitalization of $13.50 billion, a price-to-earnings ratio of 15.88, a price-to-earnings-growth ratio of 1.25 and a beta of 0.58. Booz Allen Hamilton Holding Co. has a twelve month low of $101.05 and a twelve month high of $190.59. The business's fifty day moving average is $114.01 and its two-hundred day moving average is $137.66.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last issued its 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 return on equity of 68.97% and a net margin of 7.39%. As a group, research analysts forecast that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.06%. 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 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.