First Trust Advisors LP Boosts Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

First Trust Advisors LP raised its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 15.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,804,642 shares of the business services provider’s stock after acquiring an additional 371,390 shares during the quarter. First Trust Advisors LP owned approximately 2.21% of Booz Allen Hamilton worth $360,957,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of BAH. Arrow Capital Pty Ltd purchased a new position in Booz Allen Hamilton in the fourth quarter valued at approximately $1,930,000. CANADA LIFE ASSURANCE Co raised its stake in shares of Booz Allen Hamilton by 14.9% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 60,689 shares of the business services provider’s stock valued at $7,803,000 after buying an additional 7,860 shares during the period. Canada Pension Plan Investment Board lifted its position in shares of Booz Allen Hamilton by 2,228.1% during the 4th quarter. Canada Pension Plan Investment Board now owns 74,500 shares of the business services provider’s stock valued at $9,588,000 after buying an additional 71,300 shares during the last quarter. Jump Financial LLC grew its stake in shares of Booz Allen Hamilton by 1,755.2% during the 4th quarter. Jump Financial LLC now owns 137,287 shares of the business services provider’s stock worth $17,669,000 after acquiring an additional 129,887 shares during the period. Finally, Bridgewater Associates LP purchased a new stake in Booz Allen Hamilton in the 4th quarter worth about $8,917,000. 91.82% of the stock is owned by institutional investors.

Booz Allen Hamilton Stock Performance

NYSE:BAH opened at $113.70 on Friday. Booz Allen Hamilton Holding Co. has a twelve month low of $101.05 and a twelve 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. The stock has a market cap of $14.40 billion, a P/E ratio of 16.94, a PEG ratio of 1.25 and a beta of 0.58. The business’s 50-day moving average price is $110.96 and its two-hundred day moving average price is $135.19.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share 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%. As a group, equities analysts predict 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 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 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend was Friday, February 14th. 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%.

Analyst Ratings Changes

BAH has been the subject of a number of research reports. The Goldman Sachs Group reiterated a “neutral” rating and set a $109.00 target price (down previously from $150.00) on shares of Booz Allen Hamilton in a research report on Friday, April 11th. TD Cowen cut their price objective on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Cantor Fitzgerald raised shares of Booz Allen Hamilton to a “strong-buy” rating in a report on Tuesday, February 25th. Barclays raised Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price target for the company in a report on Monday, January 6th. Finally, Wells Fargo & Company decreased their price objective on Booz Allen Hamilton from $164.00 to $148.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. One 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 issued a strong buy rating to the company. According to MarketBeat, Booz Allen Hamilton has a consensus rating of “Hold” and an average target price of $146.45.

Booz Allen Hamilton Company 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.