United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund lifted its stake in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH – Free Report) by 1,624.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 51,725 shares of the business services provider’s stock after buying an additional 48,725 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Booz Allen Hamilton were worth $4,364,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of BAH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Booz Allen Hamilton by 22.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,167 shares of the business services provider’s stock worth $2,737,000 after buying an additional 4,870 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of Booz Allen Hamilton by 365.0% during the first quarter. NewEdge Advisors LLC now owns 11,750 shares of the business services provider’s stock worth $1,229,000 after buying an additional 9,223 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Booz Allen Hamilton by 53.7% during the second quarter. Sivia Capital Partners LLC now owns 4,460 shares of the business services provider’s stock worth $464,000 after buying an additional 1,559 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Booz Allen Hamilton by 132.7% in the second 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 period. Finally, Cresset Asset Management LLC increased its holdings in Booz Allen Hamilton by 6.2% in the second 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 period. 91.82% of the stock is currently owned by institutional investors and hedge funds.
Booz Allen Hamilton Stock Performance
Shares of BAH opened at $79.17 on Friday. The stock has a market capitalization of $9.48 billion, a P/E ratio of 11.49, a price-to-earnings-growth ratio of 4.61 and a beta of 0.32. The firm’s fifty day simple moving average is $78.83 and its two-hundred day simple moving average is $83.03. The company has a current ratio of 1.78, a quick ratio of 1.81 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.
Booz Allen Hamilton Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Wednesday, June 10th will be paid a $0.59 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $2.36 annualized dividend and a yield of 3.0%. Booz Allen Hamilton’s dividend payout ratio (DPR) is 34.25%.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on BAH. Citigroup decreased their price objective on Booz Allen Hamilton from $109.00 to $87.00 and set a “neutral” rating for the company in a report on Thursday, April 2nd. Jefferies Financial Group set a $85.00 price objective on Booz Allen Hamilton in a report on Monday, May 11th. BNP Paribas Exane began coverage on Booz Allen Hamilton in a report on Wednesday. They issued a “neutral” rating and a $80.00 price objective for the company. JPMorgan Chase & Co. decreased their price objective on Booz Allen Hamilton from $97.00 to $85.00 and set an “underweight” rating for the company in a report on Tuesday. Finally, TD Cowen restated a “hold” rating on shares of Booz Allen Hamilton in a report on Tuesday. Two analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $88.00.
Read Our Latest Stock Report on Booz Allen Hamilton
Booz Allen Hamilton Company Profile
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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