Versor Investments LP Buys Shares of 7,246 Booz Allen Hamilton Holding Co. (NYSE:BAH)

Versor Investments LP bought a new stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) in the fourth quarter, Holdings Channel reports. The fund bought 7,246 shares of the business services provider’s stock, valued at approximately $933,000.

Other hedge funds have also added to or reduced their stakes in the company. Peterson Financial Group Inc. purchased a new position in Booz Allen Hamilton during the 3rd quarter valued at about $31,000. Bogart Wealth LLC grew its holdings in Booz Allen Hamilton by 387.5% during the 4th quarter. Bogart Wealth LLC now owns 195 shares of the business services provider’s stock valued at $25,000 after buying an additional 155 shares in the last quarter. R Squared Ltd bought a new stake in shares of Booz Allen Hamilton during the 4th quarter valued at about $31,000. Roxbury Financial LLC bought a new stake in shares of Booz Allen Hamilton during the 4th quarter valued at about $35,000. Finally, Berbice Capital Management LLC bought a new stake in shares of Booz Allen Hamilton during the 4th quarter valued at about $39,000. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Stock Performance

Shares of BAH stock opened at $110.92 on Friday. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.57 and a current ratio of 1.57. Booz Allen Hamilton Holding Co. has a fifty-two week low of $106.69 and a fifty-two week high of $190.59. The stock has a 50 day moving average price of $128.17 and a two-hundred day moving average price of $147.07. The company has a market capitalization of $14.05 billion, a P/E ratio of 16.53, a PEG ratio of 1.25 and a beta of 0.55.

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 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%. Analysts expect that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.20 annualized dividend and a yield of 1.98%. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.51. Booz Allen Hamilton’s payout ratio is presently 32.79%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Wells Fargo & Company dropped their price target on Booz Allen Hamilton from $180.00 to $164.00 and set an “overweight” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. dropped their price target on Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating for the company in a research report on Monday, February 3rd. Cantor Fitzgerald upgraded Booz Allen Hamilton to a “strong-buy” rating in a research report on Tuesday. William Blair downgraded Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a research report on Friday, February 21st. Finally, Barclays upgraded Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 target price for the company in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $158.27.

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.