Booz Allen Hamilton Holding Co. (NYSE:BAH) Stock Holdings Lifted by Providence Capital Advisors LLC

Providence Capital Advisors LLC lifted its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 0.9% during the fourth quarter, Holdings Channel reports. The firm owned 55,280 shares of the business services provider’s stock after purchasing an additional 470 shares during the quarter. Booz Allen Hamilton makes up approximately 1.4% of Providence Capital Advisors LLC’s portfolio, making the stock its 17th largest holding. Providence Capital Advisors LLC’s holdings in Booz Allen Hamilton were worth $7,115,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Bogart Wealth LLC raised its holdings 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 valued at $25,000 after acquiring an additional 155 shares during the period. OFI Invest Asset Management purchased a new position in Booz Allen Hamilton during the 4th quarter worth approximately $25,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Booz Allen Hamilton by 144.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 134 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Booz Allen Hamilton in the fourth quarter worth $31,000. Finally, SRS Capital Advisors Inc. raised its position in Booz Allen Hamilton by 3,314.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider’s stock valued at $31,000 after buying an additional 232 shares during the period. 91.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on BAH shares. Raymond James raised Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 price objective for the company in a research report on Monday, February 3rd. The Goldman Sachs Group reduced their target price on Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating for the company in a report on Thursday, December 12th. William Blair lowered shares of Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a research report on Friday, February 21st. Barclays raised shares of Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price objective for the company in a report on Monday, January 6th. Finally, TD Cowen cut their price objective on 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $158.27.

Booz Allen Hamilton Price Performance

Shares of BAH opened at $105.80 on Friday. The business has a 50-day simple moving average of $118.98 and a two-hundred day simple moving average of $140.72. The stock has a market cap of $13.40 billion, a PE ratio of 15.77, a PEG ratio of 1.25 and a beta of 0.56. Booz Allen Hamilton Holding Co. has a 12-month low of $101.05 and a 12-month high of $190.59. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 2.72.

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, beating the consensus estimate 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 anticipate that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were given a $0.55 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.20 annualized dividend and a dividend yield of 2.08%. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.51. Booz Allen Hamilton’s payout ratio 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.