BI Asset Management Fondsmaeglerselskab A S grew its holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH – Free Report) by 112.9% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 98,987 shares of the business services provider’s stock after buying an additional 52,485 shares during the period. BI Asset Management Fondsmaeglerselskab A S owned 0.08% of Booz Allen Hamilton worth $10,352,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Capital World Investors raised its holdings in shares of Booz Allen Hamilton by 591.1% in the fourth quarter. Capital World Investors now owns 349,917 shares of the business services provider’s stock valued at $45,034,000 after buying an additional 299,283 shares during the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of Booz Allen Hamilton by 10.2% in the first quarter. Asset Management One Co. Ltd. now owns 52,889 shares of the business services provider’s stock valued at $5,531,000 after buying an additional 4,905 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Booz Allen Hamilton in the fourth quarter valued at about $11,715,000. Diameter Capital Partners LP purchased a new stake in shares of Booz Allen Hamilton in the fourth quarter valued at about $6,435,000. Finally, Alta Capital Management LLC raised its holdings in shares of Booz Allen Hamilton by 10.2% in the first quarter. Alta Capital Management LLC now owns 225,636 shares of the business services provider’s stock valued at $23,597,000 after buying an additional 20,848 shares during the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.
Booz Allen Hamilton Trading Up 0.7%
Shares of BAH opened at $109.7790 on Wednesday. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 3.66. The firm’s 50-day moving average is $107.24 and its two-hundred day moving average is $111.80. Booz Allen Hamilton Holding Corporation has a twelve month low of $98.95 and a twelve month high of $190.59. The firm has a market capitalization of $13.53 billion, a P/E ratio of 13.49, a PEG ratio of 1.71 and a beta of 0.47.
Booz Allen Hamilton Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Thursday, August 14th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.0%. The ex-dividend date is Thursday, August 14th. Booz Allen Hamilton’s dividend payout ratio is presently 27.03%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on BAH. Barclays reduced their target price on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an “equal weight” rating for the company in a report on Wednesday, May 28th. Wall Street Zen lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Saturday, May 24th. Stifel Nicolaus boosted their price target on shares of Booz Allen Hamilton from $112.00 to $119.00 and gave the stock a “hold” rating in a research note on Monday, July 28th. UBS Group set a $119.00 price target on shares of Booz Allen Hamilton and gave the stock a “neutral” rating in a research note on Monday, July 28th. Finally, Wells Fargo & Company dropped their price target on shares of Booz Allen Hamilton from $148.00 to $135.00 and set an “overweight” rating on the stock in a research note on Friday, May 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $134.00.
Get Our Latest Report on Booz Allen Hamilton
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.
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