Capital World Investors Acquires 299,283 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Capital World Investors grew its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 591.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 349,917 shares of the business services provider’s stock after acquiring an additional 299,283 shares during the quarter. Capital World Investors’ holdings in Booz Allen Hamilton were worth $45,034,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in Booz Allen Hamilton during the 4th quarter worth $196,578,000. Raymond James Financial Inc. bought a new stake in Booz Allen Hamilton during the fourth quarter worth about $173,055,000. Renaissance Technologies LLC grew its stake in Booz Allen Hamilton by 1,111.3% during the fourth quarter. Renaissance Technologies LLC now owns 606,794 shares of the business services provider’s stock worth $78,094,000 after buying an additional 556,700 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Booz Allen Hamilton by 12.5% in 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 buying an additional 501,725 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in shares of Booz Allen Hamilton by 78.8% during the 4th quarter. Alliancebernstein L.P. now owns 1,033,475 shares of the business services provider’s stock worth $133,008,000 after acquiring an additional 455,605 shares during the period. 91.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

BAH has been the subject of several research analyst reports. Wells Fargo & Company lowered 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 report on Tuesday, April 8th. Cantor Fitzgerald raised Booz Allen Hamilton to a “strong-buy” rating in a research note on Tuesday, February 25th. Raymond James raised shares of Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 price target on the stock in a report on Monday, February 3rd. The Goldman Sachs Group restated a “neutral” rating and issued a $109.00 target price (down previously from $150.00) on shares of Booz Allen Hamilton in a research report on Friday, April 11th. Finally, JPMorgan Chase & Co. dropped their price target on Booz Allen Hamilton from $140.00 to $120.00 and set an “underweight” rating for the company in a research note on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $146.45.

Booz Allen Hamilton Trading Down 1.3 %

Shares of BAH stock opened at $112.20 on Tuesday. The stock has a 50-day moving average of $110.55 and a 200-day moving average of $134.14. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.72. The stock has a market cap of $14.21 billion, a price-to-earnings ratio of 16.72, a PEG ratio of 1.25 and a beta of 0.58. Booz Allen Hamilton Holding Co. has a 1-year low of $101.05 and a 1-year high of $190.59.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.07. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. On average, equities 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 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 represents a $2.20 dividend on an annualized basis and a dividend yield of 1.96%. This is an increase 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 currently 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.