131,600 Shares in Booz Allen Hamilton Holding Co. (NYSE:BAH) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new position in Booz Allen Hamilton Holding Co. (NYSE:BAH) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 131,600 shares of the business services provider’s stock, valued at approximately $16,937,000.

Several other institutional investors have also recently modified their holdings of the company. Moody Aldrich Partners LLC raised its stake in shares of Booz Allen Hamilton by 4.7% in the fourth quarter. Moody Aldrich Partners LLC now owns 1,660 shares of the business services provider’s stock worth $214,000 after purchasing an additional 74 shares during the last quarter. Bleakley Financial Group LLC grew its holdings in Booz Allen Hamilton by 4.3% during the fourth quarter. Bleakley Financial Group LLC now owns 1,816 shares of the business services provider’s stock worth $234,000 after acquiring an additional 75 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its holdings in Booz Allen Hamilton by 2.0% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,160 shares of the business services provider’s stock worth $535,000 after acquiring an additional 82 shares during the period. M&T Bank Corp grew its holdings in Booz Allen Hamilton by 0.9% during the fourth quarter. M&T Bank Corp now owns 10,171 shares of the business services provider’s stock worth $1,309,000 after acquiring an additional 88 shares during the period. Finally, Verdence Capital Advisors LLC grew its holdings in Booz Allen Hamilton by 0.5% during the fourth quarter. Verdence Capital Advisors LLC now owns 16,579 shares of the business services provider’s stock worth $2,134,000 after acquiring an additional 90 shares during the period. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BAH has been the topic of several analyst reports. William Blair lowered Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. UBS Group initiated coverage on Booz Allen Hamilton in a report on Monday, December 2nd. They set a “neutral” rating and a $159.00 target price on the stock. Cantor Fitzgerald raised Booz Allen Hamilton to a “strong-buy” rating in a report on Tuesday, February 25th. Raymond James raised Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 price objective on the stock in a report on Monday, February 3rd. Finally, Barclays raised Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price objective on the stock in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Booz Allen Hamilton presently has an average rating of “Hold” and an average target price of $158.27.

Booz Allen Hamilton Stock Performance

Shares of NYSE:BAH opened at $104.23 on Monday. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.57 and a quick ratio of 1.57. The business’s 50 day moving average price is $121.39 and its 200-day moving average price is $141.89. The firm has a market capitalization of $13.20 billion, a PE ratio of 15.53, a P/E/G ratio of 1.25 and a beta of 0.56. 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 return on equity of 68.97% and a net margin of 7.39%. As a group, equities research analysts expect that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were given a dividend of $0.55 per share. 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. This represents a $2.20 dividend on an annualized basis and a yield of 2.11%. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 32.79%.

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.