Prudential PLC Boosts Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Prudential PLC increased its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 112.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,214 shares of the business services provider’s stock after buying an additional 1,700 shares during the quarter. Prudential PLC’s holdings in Booz Allen Hamilton were worth $495,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Booz Allen Hamilton by 6.8% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 295,447 shares of the business services provider’s stock worth $43,856,000 after acquiring an additional 18,815 shares during the period. Mediolanum International Funds Ltd acquired a new stake in Booz Allen Hamilton during the first quarter worth about $2,044,000. Cetera Investment Advisers raised its position in Booz Allen Hamilton by 142.5% during the first quarter. Cetera Investment Advisers now owns 28,615 shares of the business services provider’s stock valued at $4,248,000 after acquiring an additional 16,815 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Booz Allen Hamilton by 33.6% in the fourth quarter. BNP Paribas Financial Markets now owns 77,191 shares of the business services provider’s stock valued at $9,874,000 after acquiring an additional 19,432 shares during the period. Finally, Sei Investments Co. boosted its position in Booz Allen Hamilton by 47.4% in the 1st quarter. Sei Investments Co. now owns 168,377 shares of the business services provider’s stock worth $24,995,000 after purchasing an additional 54,180 shares in the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Trading Up 1.5 %

Shares of BAH opened at $156.99 on Friday. The firm’s fifty day moving average is $151.94 and its two-hundred day moving average is $150.32. The stock has a market cap of $20.30 billion, a PE ratio of 34.13, a price-to-earnings-growth ratio of 2.19 and a beta of 0.59. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 3.07. Booz Allen Hamilton Holding Co. has a 52-week low of $106.90 and a 52-week high of $164.43.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings data on Friday, July 26th. The business services provider reported $1.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.14). Booz Allen Hamilton had a net margin of 5.57% and a return on equity of 65.80%. The business had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.92 billion. Research analysts forecast that Booz Allen Hamilton Holding Co. will post 5.96 earnings per share for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date was Wednesday, August 14th. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 44.35%.

Insider Transactions at Booz Allen Hamilton

In other Booz Allen Hamilton news, Director Melody C. Barnes sold 1,041 shares of Booz Allen Hamilton stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $143.31, for a total value of $149,185.71. Following the sale, the director now owns 18,123 shares in the company, valued at $2,597,207.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Barclays cut their price objective on shares of Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating for the company in a report on Tuesday, July 30th. Jefferies Financial Group upped their price target on Booz Allen Hamilton from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. TD Cowen dropped their price objective on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Monday, July 29th. Stifel Nicolaus upped their target price on Booz Allen Hamilton from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Finally, Truist Financial increased their target price on Booz Allen Hamilton from $140.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Booz Allen Hamilton presently has a consensus rating of “Moderate Buy” and a consensus target price of $159.33.

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.