American Century Companies Inc. Grows Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

American Century Companies Inc. raised its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 6.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,672,961 shares of the business services provider’s stock after purchasing an additional 96,553 shares during the period. American Century Companies Inc. owned about 1.29% of Booz Allen Hamilton worth $257,469,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. lifted its holdings in Booz Allen Hamilton by 4.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,596 shares of the business services provider’s stock valued at $246,000 after purchasing an additional 69 shares in the last quarter. X Square Capital LLC lifted its holdings in shares of Booz Allen Hamilton by 0.7% during the 2nd quarter. X Square Capital LLC now owns 10,509 shares of the business services provider’s stock worth $1,617,000 after acquiring an additional 72 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of Booz Allen Hamilton by 1.9% during the 2nd quarter. CIBC Asset Management Inc now owns 4,448 shares of the business services provider’s stock worth $685,000 after acquiring an additional 82 shares during the period. Gulf International Bank UK Ltd lifted its holdings in shares of Booz Allen Hamilton by 0.8% during the 1st quarter. Gulf International Bank UK Ltd now owns 10,838 shares of the business services provider’s stock worth $1,608,000 after acquiring an additional 85 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of Booz Allen Hamilton by 2.2% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,975 shares of the business services provider’s stock worth $508,000 after acquiring an additional 86 shares during the period. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Melody C. Barnes sold 1,041 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $143.31, for a total transaction of $149,185.71. Following the transaction, the director now directly owns 18,123 shares in the company, valued at $2,597,207.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BAH. Stifel Nicolaus increased their price objective on shares of Booz Allen Hamilton from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Jefferies Financial Group increased their price objective on shares of Booz Allen Hamilton from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. JPMorgan Chase & Co. increased their target price on shares of Booz Allen Hamilton from $136.00 to $154.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Wells Fargo & Company raised shares of Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $168.00 to $165.00 in a research report on Monday, July 29th. Finally, Truist Financial increased their target price on shares of Booz Allen Hamilton from $140.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $159.33.

Booz Allen Hamilton Stock Down 0.1 %

Shares of NYSE:BAH opened at $151.63 on Thursday. 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 Holding Co. has a 52-week low of $106.90 and a 52-week high of $164.43. The company has a 50 day moving average of $151.99 and a two-hundred day moving average of $150.28. The company has a market capitalization of $19.59 billion, a price-to-earnings ratio of 32.96, a price-to-earnings-growth ratio of 2.19 and a beta of 0.59.

Booz Allen Hamilton (NYSE:BAH) last released its 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 business had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.92 billion. Booz Allen Hamilton had a net margin of 5.57% and a return on equity of 65.80%. As a group, analysts forecast that Booz Allen Hamilton Holding Co. will post 5.96 earnings per share for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend was Wednesday, August 14th. Booz Allen Hamilton’s dividend payout ratio (DPR) is currently 44.35%.

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.