Dimensional Fund Advisors LP Increases Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Dimensional Fund Advisors LP grew its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 10.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,021,239 shares of the business services provider’s stock after buying an additional 93,544 shares during the quarter. Dimensional Fund Advisors LP owned 0.79% of Booz Allen Hamilton worth $157,184,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Booz Allen Hamilton by 6.8% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 295,447 shares of the business services provider’s stock valued at $43,856,000 after buying an additional 18,815 shares during the period. Mediolanum International Funds Ltd purchased a new position in shares of Booz Allen Hamilton in the 1st quarter valued at about $2,044,000. Cetera Investment Advisers boosted its stake in shares of Booz Allen Hamilton by 142.5% in the 1st quarter. Cetera Investment Advisers now owns 28,615 shares of the business services provider’s stock valued at $4,248,000 after buying an additional 16,815 shares during the period. Sei Investments Co. boosted its stake in shares of 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 valued at $24,995,000 after buying an additional 54,180 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its stake in shares of Booz Allen Hamilton by 2.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 149,998 shares of the business services provider’s stock valued at $22,266,000 after buying an additional 4,264 shares during the period. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Trading Up 1.1 %

BAH opened at $157.93 on Friday. The firm has a market cap of $20.42 billion, a price-to-earnings ratio of 34.33, a price-to-earnings-growth ratio of 2.19 and a beta of 0.59. Booz Allen Hamilton Holding Co. has a 52 week low of $106.90 and a 52 week high of $164.43. The business’s 50 day moving average is $152.10 and its two-hundred day moving average is $150.68. 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 (NYSE:BAH) last released its quarterly earnings results on Friday, July 26th. The business services provider reported $1.38 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.14). The firm had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.92 billion. Booz Allen Hamilton had a return on equity of 65.80% and a net margin of 5.57%. On average, research analysts predict that Booz Allen Hamilton Holding Co. will post 5.96 EPS for the current year.

Booz Allen Hamilton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend was Wednesday, August 14th. Booz Allen Hamilton’s payout ratio is currently 44.35%.

Insider Activity

In other news, Director Melody C. Barnes sold 1,041 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 18,123 shares of the company’s stock, valued at $2,597,207.13. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.59% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BAH shares. JPMorgan Chase & Co. raised their target price on Booz Allen Hamilton from $136.00 to $154.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. TD Cowen cut their target price on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Monday, July 29th. Jefferies Financial Group raised their target price on Booz Allen Hamilton from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Barclays cut their target price on Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 30th. Finally, Wells Fargo & Company raised Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and cut their target price for the stock from $168.00 to $165.00 in a research report on Monday, July 29th. 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $159.33.

Booz Allen Hamilton 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.