State of Alaska Department of Revenue Increases Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

State of Alaska Department of Revenue boosted its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 81.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,000 shares of the business services provider’s stock after purchasing an additional 1,795 shares during the period. State of Alaska Department of Revenue’s holdings in Booz Allen Hamilton were worth $514,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Peterson Financial Group Inc. bought a new stake in shares of Booz Allen Hamilton in the 3rd quarter worth approximately $31,000. R Squared Ltd bought a new stake in shares of Booz Allen Hamilton in the 4th quarter worth approximately $31,000. Gilliland Jeter Wealth Management LLC bought a new stake in shares of Booz Allen Hamilton in the 3rd quarter worth approximately $45,000. Berbice Capital Management LLC bought a new stake in shares of Booz Allen Hamilton during the fourth quarter valued at approximately $39,000. Finally, Kennebec Savings Bank bought a new stake in shares of Booz Allen Hamilton during the third quarter valued at approximately $60,000. 91.82% of the stock is currently owned by institutional investors.

Booz Allen Hamilton Stock Down 0.2 %

Booz Allen Hamilton stock opened at $117.68 on Friday. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.56 and a current ratio of 1.57. The business’s 50-day simple moving average is $131.60 and its two-hundred day simple moving average is $148.68. The company has a market cap of $14.90 billion, a PE ratio of 17.54, a PEG ratio of 1.46 and a beta of 0.55. Booz Allen Hamilton Holding Co. has a fifty-two week low of $115.97 and a fifty-two week high of $190.59.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share 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%. Equities analysts anticipate that Booz Allen Hamilton Holding Co. will post 6.33 EPS for the current year.

Booz Allen Hamilton Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 14th will be issued a $0.55 dividend. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.51. The ex-dividend date is Friday, February 14th. This represents a $2.20 dividend on an annualized basis and a yield of 1.87%. Booz Allen Hamilton’s dividend payout ratio is presently 30.40%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on BAH shares. JPMorgan Chase & Co. dropped their price target on Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating on the stock in a research report on Monday, February 3rd. Raymond James upgraded Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 price target on the stock in a research report on Monday, February 3rd. Truist Financial dropped their price target on Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating on the stock in a research report on Friday, November 22nd. The Goldman Sachs Group dropped their price target on Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Finally, TD Cowen lowered their price objective on Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Booz Allen Hamilton currently has an average rating of “Moderate Buy” and an average price target of $158.91.

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.