Quantinno Capital Management LP boosted its position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH – Free Report) by 87.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,463 shares of the business services provider’s stock after acquiring an additional 24,948 shares during the period. Quantinno Capital Management LP’s holdings in Booz Allen Hamilton were worth $4,172,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of BAH. Activest Wealth Management increased its position in shares of Booz Allen Hamilton by 141.3% during the fourth quarter. Activest Wealth Management now owns 304 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 178 shares during the period. Torren Management LLC bought a new position in Booz Allen Hamilton in the fourth quarter worth $26,000. Rakuten Securities Inc. lifted its position in Booz Allen Hamilton by 414.6% in the second quarter. Rakuten Securities Inc. now owns 247 shares of the business services provider’s stock worth $26,000 after purchasing an additional 199 shares during the period. PenderFund Capital Management Ltd. acquired a new stake in Booz Allen Hamilton during the fourth quarter worth $30,000. Finally, Fulcrum Asset Management LLP acquired a new stake in Booz Allen Hamilton during the third quarter worth $32,000. Institutional investors own 91.82% of the company’s stock.
Booz Allen Hamilton Stock Performance
Shares of NYSE:BAH opened at $75.92 on Friday. Booz Allen Hamilton Holding Corporation has a twelve month low of $59.50 and a twelve month high of $112.22. The firm has a market cap of $9.13 billion, a PE ratio of 11.94, a price-to-earnings-growth ratio of 3.84 and a beta of 0.34. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.59 and a current ratio of 1.60. The business has a fifty day moving average of $69.08 and a 200-day moving average of $76.72.
Booz Allen Hamilton Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.1%. Booz Allen Hamilton’s dividend payout ratio (DPR) is currently 37.11%.
Analyst Ratings Changes
A number of analysts recently weighed in on the stock. Truist Financial lowered their target price on shares of Booz Allen Hamilton from $85.00 to $70.00 and set a “hold” rating on the stock in a research note on Friday, July 10th. The Goldman Sachs Group decreased their price objective on Booz Allen Hamilton from $74.00 to $65.00 and set a “sell” rating on the stock in a report on Tuesday, July 14th. Bank of America lowered their price objective on Booz Allen Hamilton from $90.00 to $75.00 and set an “underperform” rating on the stock in a research note on Monday, July 20th. Citigroup cut their target price on Booz Allen Hamilton from $88.00 to $69.00 and set a “neutral” rating for the company in a research report on Wednesday, July 1st. Finally, Weiss Ratings lowered Booz Allen Hamilton from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, July 8th. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, Booz Allen Hamilton currently has an average rating of “Reduce” and an average target price of $84.08.
Read Our Latest Research Report on BAH
Booz Allen Hamilton Company Profile
Booz Allen Hamilton Holding Corporation is a publicly traded management and technology consulting firm headquartered in McLean, Virginia. The company provides a wide range of professional services and solutions in strategy, analytics, digital transformation, engineering and cyber security. Its expertise spans from supporting federal civilian agencies to defense, intelligence and homeland security organizations, as well as select commercial industries.
Key offerings include data analytics and artificial intelligence applications, software development and modernization, systems integration, and cyber risk management.
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