Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Bought by Alta Capital Management LLC

Alta Capital Management LLC grew its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 3.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 204,788 shares of the business services provider’s stock after purchasing an additional 7,242 shares during the period. Booz Allen Hamilton makes up about 1.6% of Alta Capital Management LLC’s holdings, making the stock its 25th largest holding. Alta Capital Management LLC’s holdings in Booz Allen Hamilton were worth $26,356,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Geode Capital Management LLC lifted its position in shares of Booz Allen Hamilton by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,341,533 shares of the business services provider’s stock valued at $381,898,000 after acquiring an additional 58,038 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Booz Allen Hamilton by 28.5% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,288,101 shares of the business services provider’s stock valued at $209,651,000 after acquiring an additional 285,621 shares during the period. Eagle Asset Management Inc. lifted its position in shares of Booz Allen Hamilton by 3.6% during the 3rd quarter. Eagle Asset Management Inc. now owns 957,300 shares of the business services provider’s stock valued at $155,810,000 after acquiring an additional 32,897 shares during the period. Van ECK Associates Corp increased its stake in shares of Booz Allen Hamilton by 51.7% during the 4th quarter. Van ECK Associates Corp now owns 951,605 shares of the business services provider’s stock worth $122,472,000 after purchasing an additional 324,159 shares in the last quarter. Finally, Captrust Financial Advisors increased its stake in shares of Booz Allen Hamilton by 1.1% during the 3rd quarter. Captrust Financial Advisors now owns 856,437 shares of the business services provider’s stock worth $139,394,000 after purchasing an additional 9,480 shares in the last quarter. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Booz Allen Hamilton Stock Down 3.2 %

Shares of NYSE BAH opened at $102.65 on Tuesday. Booz Allen Hamilton Holding Co. has a 52-week low of $101.82 and a 52-week high of $190.59. The firm has a fifty day moving average of $127.31 and a 200-day moving average of $146.53. The stock has a market capitalization of $13.00 billion, a PE ratio of 15.30, a P/E/G ratio of 1.25 and a beta of 0.55. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 2.72.

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 the consensus estimate 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 anticipate that Booz Allen Hamilton Holding Co. will post 6.44 EPS 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. Stockholders of record on Friday, February 14th will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Friday, February 14th. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.51. This represents a $2.20 annualized dividend and a dividend yield of 2.14%. Booz Allen Hamilton’s payout ratio is currently 32.79%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Truist Financial dropped their price objective on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a research note on Friday, November 22nd. Wells Fargo & Company dropped their price objective on shares of Booz Allen Hamilton from $180.00 to $164.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. Jefferies Financial Group cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and raised their price objective for the stock from $180.00 to $190.00 in a research note on Monday, November 4th. Raymond James raised shares of Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 price objective for the company in a research note on Monday, February 3rd. Finally, TD Cowen dropped their price objective on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $158.27.

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.