Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Purchased by Independent Advisor Alliance

Independent Advisor Alliance lifted its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 3.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,757 shares of the business services provider’s stock after buying an additional 198 shares during the period. Independent Advisor Alliance’s holdings in Booz Allen Hamilton were worth $870,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Daiwa Securities Group Inc. increased its position in shares of Booz Allen Hamilton by 110.3% during the 4th quarter. Daiwa Securities Group Inc. now owns 20,594 shares of the business services provider’s stock worth $2,650,000 after purchasing an additional 10,800 shares during the last quarter. Taika Capital LP purchased a new stake in Booz Allen Hamilton during the 4th quarter worth about $2,721,000. AlphaQuest LLC grew its holdings in Booz Allen Hamilton by 224.7% during the 4th quarter. AlphaQuest LLC now owns 4,662 shares of the business services provider’s stock worth $600,000 after acquiring an additional 3,226 shares in the last quarter. OFI Invest Asset Management purchased a new stake in Booz Allen Hamilton during the 4th quarter worth about $25,000. Finally, Amundi boosted its holdings in Booz Allen Hamilton by 16.9% in the fourth quarter. Amundi now owns 472,728 shares of the business services provider’s stock valued at $61,492,000 after purchasing an additional 68,466 shares in the last quarter. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on BAH. Wells Fargo & Company cut their price target on Booz Allen Hamilton from $180.00 to $164.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. William Blair cut Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. StockNews.com lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. Cantor Fitzgerald raised shares of Booz Allen Hamilton to a “strong-buy” rating in a research note on Tuesday, February 25th. 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 note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Booz Allen Hamilton has a consensus rating of “Hold” and an average price target of $158.27.

Booz Allen Hamilton Stock Up 0.6 %

BAH opened at $111.96 on Friday. The firm has a market cap of $14.18 billion, a P/E ratio of 16.69, a price-to-earnings-growth ratio of 1.25 and a beta of 0.56. The business has a 50 day moving average price of $123.40 and a 200 day moving average price of $143.64. Booz Allen Hamilton Holding Co. has a twelve month low of $101.82 and a twelve month high of $190.59. 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 (NYSE:BAH) last announced its quarterly earnings results 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%. Research analysts forecast that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current year.

Booz Allen Hamilton Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend was 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 currently 32.79%.

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.