Renaissance Technologies LLC Buys 556,700 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Renaissance Technologies LLC boosted its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 1,111.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 606,794 shares of the business services provider's stock after buying an additional 556,700 shares during the quarter. Renaissance Technologies LLC owned about 0.48% of Booz Allen Hamilton worth $78,094,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. GW&K Investment Management LLC raised its holdings in Booz Allen Hamilton by 0.7% in the 4th 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 during the period. Versor Investments LP bought a new position in shares of Booz Allen Hamilton during the 4th quarter worth about $933,000. FIL Ltd lifted its stake in shares of Booz Allen Hamilton by 63.3% in the fourth quarter. FIL Ltd now owns 153,343 shares of the business services provider's stock valued at $19,735,000 after buying an additional 59,440 shares during the period. Bridges Investment Management Inc. increased its position in shares of Booz Allen Hamilton by 19.2% during the fourth quarter. Bridges Investment Management Inc. now owns 117,661 shares of the business services provider's stock valued at $15,143,000 after purchasing an additional 18,930 shares during the period. Finally, Cumberland Partners Ltd increased its holdings in Booz Allen Hamilton by 92.2% in the 4th quarter. Cumberland Partners Ltd now owns 99,330 shares of the business services provider's stock valued at $12,784,000 after buying an additional 47,655 shares during the period. 91.82% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Truist Financial lowered their target price on shares of Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating on the stock in a research note on Monday. Barclays upgraded 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 report on Monday, January 6th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $109.00 price target (down from $150.00) on shares of Booz Allen Hamilton in a research report on Friday. William Blair downgraded shares of Booz Allen Hamilton from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. Finally, Raymond James raised shares of Booz Allen Hamilton from a "market perform" rating to an "outperform" rating and set a $150.00 target price on the stock in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Booz Allen Hamilton presently has an average rating of "Hold" and a consensus target price of $146.45.

Booz Allen Hamilton Price Performance

Shares of NYSE BAH traded down $1.04 during trading on Tuesday, reaching $110.99. The company had a trading volume of 478,966 shares, compared to its average volume of 2,669,297. Booz Allen Hamilton Holding Co. has a 52 week low of $101.05 and a 52 week high of $190.59. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.57 and a current ratio of 1.57. The business's 50 day moving average price is $111.95 and its 200-day moving average price is $135.88. The stock has a market cap of $14.06 billion, a PE ratio of 16.54, a PEG ratio of 1.25 and a beta of 0.58.

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 return on equity of 68.97% and a net margin of 7.39%. Analysts expect 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 announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.98%. The ex-dividend date was Friday, February 14th. This is a positive change from Booz Allen Hamilton's previous quarterly dividend of $0.51. Booz Allen Hamilton's dividend payout ratio (DPR) is 32.79%.

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.