Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Purchased by Allworth Financial LP

Allworth Financial LP increased its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 127.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,546 shares of the business services provider’s stock after acquiring an additional 1,989 shares during the quarter. Allworth Financial LP’s holdings in Booz Allen Hamilton were worth $456,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Bogart Wealth LLC raised its stake in Booz Allen Hamilton by 387.5% during the fourth quarter. Bogart Wealth LLC now owns 195 shares of the business services provider’s stock worth $25,000 after purchasing an additional 155 shares during the period. Peterson Financial Group Inc. purchased a new position in Booz Allen Hamilton during the third quarter worth about $31,000. R Squared Ltd purchased a new position in Booz Allen Hamilton during the fourth quarter worth about $31,000. Roxbury Financial LLC purchased a new position in Booz Allen Hamilton during the fourth quarter worth about $35,000. Finally, Berbice Capital Management LLC purchased a new position in Booz Allen Hamilton during the fourth quarter worth about $39,000. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Booz Allen Hamilton Price Performance

Shares of BAH opened at $113.54 on Friday. Booz Allen Hamilton Holding Co. has a fifty-two week low of $110.57 and a fifty-two week high of $190.59. The firm’s 50 day moving average price is $129.90 and its 200 day moving average price is $147.98. The company has a market cap of $14.38 billion, a P/E ratio of 16.92, a PEG ratio of 1.32 and a beta of 0.55. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 2.72.

Booz Allen Hamilton (NYSE:BAH) last announced its earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.07. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. On average, research analysts forecast 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 announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 14th will be paid a dividend of $0.55 per share. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.51. This represents a $2.20 annualized dividend and a yield of 1.94%. The ex-dividend date is Friday, February 14th. Booz Allen Hamilton’s dividend payout ratio is presently 32.79%.

Wall Street Analyst Weigh In

BAH has been the topic of a number of analyst reports. TD Cowen reduced their target price on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Jefferies Financial Group downgraded shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and lifted their target price for the stock from $180.00 to $190.00 in a research note on Monday, November 4th. StockNews.com downgraded shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. The Goldman Sachs Group reduced their price target on shares of Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Finally, Cantor Fitzgerald assumed coverage on shares of Booz Allen Hamilton in a research note on Friday, February 7th. They issued an “overweight” rating and a $160.00 price target on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Booz Allen Hamilton currently has a consensus rating of “Moderate Buy” and an average target price of $158.91.

About Booz Allen Hamilton

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.