Proficio Capital Partners LLC Takes Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Proficio Capital Partners LLC purchased a new position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 36,386 shares of the business services provider's stock, valued at approximately $4,683,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Bogart Wealth LLC raised its stake in shares of Booz Allen Hamilton by 387.5% during the fourth quarter. Bogart Wealth LLC now owns 195 shares of the business services provider's stock worth $25,000 after purchasing an additional 155 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Booz Allen Hamilton in the 4th quarter worth $31,000. SRS Capital Advisors Inc. boosted its holdings in shares of Booz Allen Hamilton by 3,314.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider's stock valued at $31,000 after acquiring an additional 232 shares in the last quarter. Roxbury Financial LLC acquired a new position in shares of Booz Allen Hamilton during the fourth quarter worth about $35,000. Finally, Berbice Capital Management LLC purchased a new position in Booz Allen Hamilton during the fourth quarter worth about $39,000. 91.82% of the stock is owned by hedge funds and other institutional investors.

Booz Allen Hamilton Trading Up 0.6 %

NYSE:BAH traded up $0.65 on Friday, hitting $104.23. 5,180,428 shares of the stock were exchanged, compared to its average volume of 1,268,072. The stock has a fifty day moving average of $121.96 and a 200-day moving average of $142.47. The stock has a market cap of $13.20 billion, a PE ratio of 15.53, a PEG ratio of 1.25 and a beta of 0.56. 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 Holding Co. has a fifty-two week low of $101.15 and a fifty-two week high of $190.59.

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Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 EPS for the quarter, beating 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%. 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 declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were issued a $0.55 dividend. This is an increase from Booz Allen Hamilton's previous quarterly dividend of $0.51. This represents a $2.20 annualized dividend and a yield of 2.11%. The ex-dividend date was Friday, February 14th. Booz Allen Hamilton's dividend payout ratio is currently 32.79%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. dropped their target price on Booz Allen Hamilton from $142.00 to $140.00 and set an "underweight" rating on the stock in a research report on Monday, February 3rd. William Blair cut Booz Allen Hamilton from an "outperform" rating to a "market perform" rating in a research report on Friday, February 21st. Cantor Fitzgerald raised Booz Allen Hamilton to a "strong-buy" rating in a report on Tuesday, February 25th. TD Cowen lowered their price target 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. Finally, The Goldman Sachs Group reduced their price objective on shares of Booz Allen Hamilton from $210.00 to $158.00 and set a "buy" rating for the company in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price 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.