abrdn plc Takes Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

abrdn plc bought a new stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 4,250 shares of the business services provider’s stock, valued at approximately $546,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Booz Allen Hamilton by 700.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 800 shares of the business services provider’s stock worth $130,000 after purchasing an additional 700 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Booz Allen Hamilton by 13.0% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 685 shares of the business services provider’s stock valued at $111,000 after buying an additional 79 shares in the last quarter. Wesbanco Bank Inc. raised its stake in shares of Booz Allen Hamilton by 9.5% in the third quarter. Wesbanco Bank Inc. now owns 2,881 shares of the business services provider’s stock worth $469,000 after purchasing an additional 251 shares during the last quarter. Creative Planning boosted its holdings in Booz Allen Hamilton by 11.3% during the 3rd quarter. Creative Planning now owns 7,485 shares of the business services provider’s stock worth $1,218,000 after acquiring an additional 758 shares during the last quarter. Finally, Cabot Wealth Management Inc. increased its stake in Booz Allen Hamilton by 126.5% in the 3rd quarter. Cabot Wealth Management Inc. now owns 22,254 shares of the business services provider’s stock valued at $3,622,000 after buying an additional 12,431 shares during the last quarter. Institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Trading Down 3.0 %

NYSE BAH opened at $124.30 on Wednesday. Booz Allen Hamilton Holding Co. has a twelve month low of $121.02 and a twelve month high of $190.59. The firm has a market capitalization of $15.74 billion, a PE ratio of 18.53, a P/E/G ratio of 1.46 and a beta of 0.55. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 2.72. The stock’s 50 day moving average is $133.11 and its 200 day moving average is $149.28.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings data on Friday, January 31st. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.07. Booz Allen Hamilton had a return on equity of 68.97% and a net margin of 7.39%. Research analysts forecast that Booz Allen Hamilton Holding Co. will post 6.33 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. Shareholders of record on Friday, February 14th will be given a $0.55 dividend. This is a positive change 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 1.77%. Booz Allen Hamilton’s payout ratio is 30.40%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BAH. Cantor Fitzgerald began coverage on shares of Booz Allen Hamilton in a research report on Friday, February 7th. They set an “overweight” rating and a $160.00 price target for the company. Truist Financial lowered their target price on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating on the stock in a research note on Friday, November 22nd. Wells Fargo & Company lowered their target price on shares of Booz Allen Hamilton from $177.00 to $171.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. StockNews.com lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. Finally, Barclays upgraded Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price target on the stock in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average 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.