Intech Investment Management LLC Grows Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Intech Investment Management LLC lifted its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 631.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 141,898 shares of the business services provider’s stock after buying an additional 122,504 shares during the quarter. Intech Investment Management LLC owned approximately 0.11% of Booz Allen Hamilton worth $18,262,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Geode Capital Management LLC lifted its holdings in shares of Booz Allen Hamilton by 2.5% in the third quarter. Geode Capital Management LLC now owns 2,341,533 shares of the business services provider’s stock worth $381,898,000 after buying an additional 58,038 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Booz Allen Hamilton in the fourth quarter worth $173,055,000. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of Booz Allen Hamilton by 11.8% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,342,528 shares of the business services provider’s stock worth $184,347,000 after buying an additional 141,541 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Booz Allen Hamilton by 28.5% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,288,101 shares of the business services provider’s stock worth $209,651,000 after buying an additional 285,621 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its stake in Booz Allen Hamilton by 3.6% during the third quarter. Eagle Asset Management Inc. now owns 957,300 shares of the business services provider’s stock valued at $155,810,000 after purchasing an additional 32,897 shares in the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Wall Street Analyst Weigh In

BAH has been the topic of several recent research reports. Raymond James upgraded shares of Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 target price on the stock in a research report on Monday, February 3rd. StockNews.com cut Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. 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 research note on Monday, January 6th. UBS Group initiated coverage on Booz Allen Hamilton in a research note on Monday, December 2nd. They set a “neutral” rating and a $159.00 price objective on the stock. Finally, JPMorgan Chase & Co. reduced their price objective on Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating on the stock in a research note on Monday, February 3rd. One investment 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $158.27.

Booz Allen Hamilton Stock Performance

Shares of BAH stock opened at $115.18 on Tuesday. The business’s fifty day simple moving average is $123.08 and its 200-day simple moving average is $143.26. The company has a market cap of $14.59 billion, a PE ratio of 17.17, a PEG ratio of 1.25 and a beta of 0.56. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.72. Booz Allen Hamilton Holding Co. has a 12-month low of $101.82 and a 12-month high of $190.59.

Booz Allen Hamilton (NYSE:BAH) last released its 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 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.91%. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.51. The ex-dividend date was Friday, February 14th. Booz Allen Hamilton’s dividend payout ratio 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.