Bryce Point Capital LLC Invests $1.92 Million in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Bryce Point Capital LLC purchased a new position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,948 shares of the business services provider’s stock, valued at approximately $1,924,000. Booz Allen Hamilton makes up about 0.6% of Bryce Point Capital LLC’s holdings, making the stock its 15th largest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Booz Allen Hamilton in the 4th quarter valued at $196,578,000. Raymond James Financial Inc. acquired a new stake in shares of Booz Allen Hamilton in the fourth quarter valued at about $173,055,000. JPMorgan Chase & Co. increased its stake in shares of Booz Allen Hamilton by 12.5% during the fourth quarter. JPMorgan Chase & Co. now owns 4,518,386 shares of the business services provider’s stock worth $581,516,000 after purchasing an additional 501,725 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of Booz Allen Hamilton by 78.8% during the 4th quarter. Alliancebernstein L.P. now owns 1,033,475 shares of the business services provider’s stock worth $133,008,000 after purchasing an additional 455,605 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its holdings in Booz Allen Hamilton by 328.1% in the 4th quarter. Teacher Retirement System of Texas now owns 431,043 shares of the business services provider’s stock worth $55,475,000 after buying an additional 330,344 shares during the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BAH. Barclays upgraded Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 target price on the stock in a research report on Monday, January 6th. Wells Fargo & Company dropped their target price on shares of Booz Allen Hamilton from $180.00 to $164.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. William Blair downgraded shares of Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. Cantor Fitzgerald upgraded Booz Allen Hamilton to a “strong-buy” rating in a report on Tuesday, February 25th. Finally, Raymond James upgraded Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 price objective on the stock in a research report on Monday, February 3rd. 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 given a strong buy rating to the company. According to MarketBeat, Booz Allen Hamilton currently has a consensus rating of “Hold” and a consensus target price of $158.27.

Booz Allen Hamilton Price Performance

Booz Allen Hamilton stock opened at $107.14 on Wednesday. Booz Allen Hamilton Holding Co. has a 1 year low of $101.05 and a 1 year 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. The company’s 50 day simple moving average is $117.03 and its 200-day simple moving average is $139.54. The company has a market capitalization of $13.57 billion, a price-to-earnings ratio of 15.97, a price-to-earnings-growth ratio of 1.25 and a beta of 0.56.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 EPS for the quarter, topping 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%. As a group, equities research 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.05%. The ex-dividend date was Friday, February 14th. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.51. Booz Allen Hamilton’s dividend payout ratio (DPR) is currently 32.79%.

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.