Concurrent Investment Advisors LLC acquired a new position in Booz Allen Hamilton Holding Corporation (NYSE:BAH – Free Report) during the second quarter, Holdings Channel reports. The institutional investor acquired 4,467 shares of the business services provider’s stock, valued at approximately $465,000.
Other large investors have also made changes to their positions in the company. Asset Management One Co. Ltd. lifted its position in shares of Booz Allen Hamilton by 10.2% in the 1st quarter. Asset Management One Co. Ltd. now owns 52,889 shares of the business services provider’s stock worth $5,531,000 after acquiring an additional 4,905 shares during the period. Yousif Capital Management LLC lifted its position in Booz Allen Hamilton by 5.5% in the first quarter. Yousif Capital Management LLC now owns 2,389 shares of the business services provider’s stock worth $250,000 after purchasing an additional 124 shares during the period. First Command Advisory Services Inc. boosted its stake in Booz Allen Hamilton by 368.4% during the first quarter. First Command Advisory Services Inc. now owns 3,981 shares of the business services provider’s stock worth $416,000 after buying an additional 3,131 shares in the last quarter. Bessemer Group Inc. boosted its stake in Booz Allen Hamilton by 15.3% during the first quarter. Bessemer Group Inc. now owns 1,710,181 shares of the business services provider’s stock worth $178,853,000 after buying an additional 226,761 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in Booz Allen Hamilton by 22.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 46,929 shares of the business services provider’s stock valued at $4,908,000 after buying an additional 8,448 shares during the period. Institutional investors and hedge funds own 91.82% of the company’s stock.
Booz Allen Hamilton Trading Up 0.8%
NYSE BAH opened at $98.09 on Friday. Booz Allen Hamilton Holding Corporation has a 12 month low of $95.00 and a 12 month high of $190.59. The stock has a 50-day simple moving average of $103.85 and a 200 day simple moving average of $108.50. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 3.66. The company has a market capitalization of $12.09 billion, a PE ratio of 12.05, a P/E/G ratio of 1.55 and a beta of 0.42.
Booz Allen Hamilton Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Thursday, August 14th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Thursday, August 14th. Booz Allen Hamilton’s payout ratio is 27.03%.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. Stifel Nicolaus upped their target price on shares of Booz Allen Hamilton from $112.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, July 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Booz Allen Hamilton in a report on Wednesday, October 8th. Zacks Research lowered Booz Allen Hamilton from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Cowen downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Friday. Finally, TD Cowen reaffirmed a “hold” rating and issued a $105.00 price target (down previously from $125.00) on shares of Booz Allen Hamilton in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $129.45.
View Our Latest Report on Booz Allen Hamilton
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.
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