Renaissance Group LLC Purchases New Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Renaissance Group LLC purchased a new position in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 183,893 shares of the business services provider's stock, valued at approximately $23,667,000. Renaissance Group LLC owned approximately 0.15% of Booz Allen Hamilton at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GW&K Investment Management LLC increased its position in shares of Booz Allen Hamilton by 0.7% in the fourth quarter. GW&K Investment Management LLC now owns 461,517 shares of the business services provider's stock worth $59,397,000 after acquiring an additional 3,435 shares in the last quarter. Versor Investments LP purchased a new position in Booz Allen Hamilton during the 4th quarter worth approximately $933,000. Bridges Investment Management Inc. grew its position in Booz Allen Hamilton by 19.2% during the 4th quarter. Bridges Investment Management Inc. now owns 117,661 shares of the business services provider's stock worth $15,143,000 after purchasing an additional 18,930 shares in the last quarter. Cumberland Partners Ltd raised its stake in Booz Allen Hamilton by 92.2% during the 4th quarter. Cumberland Partners Ltd now owns 99,330 shares of the business services provider's stock valued at $12,784,000 after purchasing an additional 47,655 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in shares of Booz Allen Hamilton by 51.7% in the fourth quarter. Van ECK Associates Corp now owns 951,605 shares of the business services provider's stock valued at $122,472,000 after purchasing an additional 324,159 shares in the last quarter. Institutional investors and hedge funds own 91.82% of the company's stock.

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Booz Allen Hamilton Stock Down 0.4 %

Booz Allen Hamilton stock traded down $0.39 during mid-day trading on Friday, hitting $108.42. 2,670,588 shares of the company's stock were exchanged, compared to its average volume of 1,467,248. The stock has a market cap of $13.73 billion, a P/E ratio of 16.16, a P/E/G ratio of 1.25 and a beta of 0.58. The stock has a 50 day moving average of $112.29 and a two-hundred day moving average of $136.22. Booz Allen Hamilton Holding Co. has a 1-year low of $101.05 and a 1-year high of $190.59. 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 quarterly earnings data on Friday, January 31st. The business services provider reported $1.55 earnings per share (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%. As a group, analysts anticipate that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were paid a $0.55 dividend. This is an increase from Booz Allen Hamilton's previous quarterly dividend of $0.51. The ex-dividend date was Friday, February 14th. This represents a $2.20 annualized dividend and a dividend yield of 2.03%. Booz Allen Hamilton's dividend payout ratio (DPR) is presently 32.79%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on BAH shares. Wells Fargo & Company dropped their price target on Booz Allen Hamilton from $164.00 to $148.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. 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 report on Monday, February 3rd. TD Cowen reduced their price target on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Cantor Fitzgerald raised shares of Booz Allen Hamilton to a "strong-buy" rating in a research report on Tuesday, February 25th. Finally, William Blair downgraded shares of Booz Allen Hamilton from an "outperform" rating to a "market perform" rating in a research report on Friday, February 21st. 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $152.36.

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.