First Manhattan CO. LLC. boosted its holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH – Free Report) by 20.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 342,934 shares of the business services provider’s stock after purchasing an additional 57,429 shares during the quarter. First Manhattan CO. LLC.’s holdings in Booz Allen Hamilton were worth $28,930,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Booz Allen Hamilton by 22.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,167 shares of the business services provider’s stock valued at $2,737,000 after purchasing an additional 4,870 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Booz Allen Hamilton by 365.0% during the 1st quarter. NewEdge Advisors LLC now owns 11,750 shares of the business services provider’s stock valued at $1,229,000 after purchasing an additional 9,223 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of Booz Allen Hamilton by 53.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,460 shares of the business services provider’s stock valued at $464,000 after purchasing an additional 1,559 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Booz Allen Hamilton by 132.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,429 shares of the business services provider’s stock valued at $149,000 after purchasing an additional 815 shares during the last quarter. Finally, Cresset Asset Management LLC boosted its holdings in shares of Booz Allen Hamilton by 6.2% during the 2nd quarter. Cresset Asset Management LLC now owns 3,257 shares of the business services provider’s stock valued at $339,000 after purchasing an additional 191 shares during the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.
Booz Allen Hamilton Stock Down 4.0%
Shares of NYSE:BAH opened at $71.00 on Thursday. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 3.55. Booz Allen Hamilton Holding Corporation has a 12 month low of $68.83 and a 12 month high of $120.04. The company has a 50-day moving average price of $78.16 and a 200 day moving average price of $82.57. The company has a market cap of $8.50 billion, a price-to-earnings ratio of 10.30, a PEG ratio of 4.22 and a beta of 0.32.
Booz Allen Hamilton Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Wednesday, June 10th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.3%. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 34.25%.
Analyst Upgrades and Downgrades
Several research firms have commented on BAH. Wells Fargo & Company began coverage on shares of Booz Allen Hamilton in a report on Wednesday, April 1st. They set an “equal weight” rating and a $85.00 price objective for the company. Stifel Nicolaus set a $110.00 price objective on shares of Booz Allen Hamilton and gave the company a “buy” rating in a report on Tuesday, May 26th. Jefferies Financial Group set a $85.00 price objective on shares of Booz Allen Hamilton in a report on Monday, May 11th. UBS Group reissued a “neutral” rating and set a $83.00 price objective on shares of Booz Allen Hamilton in a report on Tuesday, May 26th. Finally, Truist Financial dropped their price objective on shares of Booz Allen Hamilton from $98.00 to $85.00 and set a “hold” rating for the company in a report on Monday, April 20th. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $88.00.
Get Our Latest Stock Report on BAH
About Booz Allen Hamilton
Booz Allen Hamilton Holding Corporation is a publicly traded management and technology consulting firm headquartered in McLean, Virginia. The company provides a wide range of professional services and solutions in strategy, analytics, digital transformation, engineering and cyber security. Its expertise spans from supporting federal civilian agencies to defense, intelligence and homeland security organizations, as well as select commercial industries.
Key offerings include data analytics and artificial intelligence applications, software development and modernization, systems integration, and cyber risk management.
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