Ieq Capital LLC Buys 15,049 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Ieq Capital LLC raised its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 433.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 18,522 shares of the business services provider’s stock after purchasing an additional 15,049 shares during the quarter. Ieq Capital LLC’s holdings in Booz Allen Hamilton were worth $2,384,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Creative Planning lifted its position in shares of Booz Allen Hamilton by 11.3% in the third quarter. Creative Planning now owns 7,485 shares of the business services provider’s stock worth $1,218,000 after buying an additional 758 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Booz Allen Hamilton by 47.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,729 shares of the business services provider’s stock worth $444,000 after acquiring an additional 879 shares in the last quarter. Brighton Jones LLC bought a new position in shares of Booz Allen Hamilton during the 3rd quarter valued at approximately $222,000. Legacy Wealth Asset Management LLC grew its holdings in shares of Booz Allen Hamilton by 5.6% in the third quarter. Legacy Wealth Asset Management LLC now owns 2,651 shares of the business services provider’s stock valued at $431,000 after purchasing an additional 140 shares in the last quarter. Finally, Forsta AP Fonden grew its holdings in shares of Booz Allen Hamilton by 10.9% in the third quarter. Forsta AP Fonden now owns 27,500 shares of the business services provider’s stock valued at $4,476,000 after purchasing an additional 2,700 shares in the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Price Performance

Shares of BAH stock opened at $112.27 on Monday. The stock has a market capitalization of $14.22 billion, a price-to-earnings ratio of 16.73, a P/E/G ratio of 1.26 and a beta of 0.55. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.72. Booz Allen Hamilton Holding Co. has a twelve month low of $106.69 and a twelve month high of $190.59. The stock has a fifty day simple moving average of $129.46 and a two-hundred day simple moving average of $147.79.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings data on Friday, January 31st. The business services provider reported $1.55 EPS for the quarter, topping analysts’ consensus estimates 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, analysts predict that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.51. Booz Allen Hamilton’s payout ratio is 32.79%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Barclays upgraded shares of Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price objective for the company in a research report on Monday, January 6th. TD Cowen dropped their price target on Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. The Goldman Sachs Group decreased their price objective on Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Truist Financial dropped their target price on Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a report on Friday, November 22nd. Finally, Jefferies Financial Group lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating and increased their price target for the company from $180.00 to $190.00 in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, six have given 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.com, the company currently has an average rating of “Hold” and a consensus price target of $158.91.

Booz Allen Hamilton Company 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.