Arrow Capital Pty Ltd Makes New Investment in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Arrow Capital Pty Ltd bought a new position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 15,000 shares of the business services provider's stock, valued at approximately $1,930,000. Booz Allen Hamilton comprises 1.8% of Arrow Capital Pty Ltd's holdings, making the stock its 28th biggest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bogart Wealth LLC boosted its stake in Booz Allen Hamilton by 387.5% in the 4th quarter. Bogart Wealth LLC now owns 195 shares of the business services provider's stock worth $25,000 after purchasing an additional 155 shares in the last quarter. OFI Invest Asset Management acquired a new stake in shares of Booz Allen Hamilton during the fourth quarter worth $25,000. EverSource Wealth Advisors LLC grew its holdings in shares of Booz Allen Hamilton by 144.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider's stock valued at $29,000 after buying an additional 134 shares during the last quarter. SRS Capital Advisors Inc. increased its position in shares of Booz Allen Hamilton by 3,314.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider's stock valued at $31,000 after acquiring an additional 232 shares during the period. Finally, R Squared Ltd purchased a new position in Booz Allen Hamilton in the 4th quarter worth $31,000. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

Booz Allen Hamilton Trading Up 2.6 %

Shares of Booz Allen Hamilton stock traded up $2.95 during mid-day trading on Tuesday, hitting $114.90. The stock had a trading volume of 642,565 shares, compared to its average volume of 1,486,773. The firm has a market cap of $14.55 billion, a P/E ratio of 17.13, a price-to-earnings-growth ratio of 1.25 and a beta of 0.58. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 2.72. The firm has a 50-day moving average of $110.55 and a two-hundred day moving average of $134.14. Booz Allen Hamilton Holding Co. has a 12-month low of $101.05 and a 12-month high of $190.59.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its earnings results on Friday, January 31st. The business services provider reported $1.55 EPS for the quarter, beating analysts' consensus estimates of $1.48 by $0.07. Booz Allen Hamilton had a return on equity of 68.97% and a net margin of 7.39%. Sell-side analysts forecast that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.91%. The ex-dividend date was Friday, February 14th. This is an increase from Booz Allen Hamilton's previous quarterly dividend of $0.51. Booz Allen Hamilton's dividend payout ratio (DPR) is 32.79%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. TD Cowen cut their price objective on Booz Allen Hamilton from $200.00 to $155.00 and set a "buy" rating on the stock in a report on Wednesday, January 8th. Truist Financial decreased their target price on shares of Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Barclays upgraded shares of 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. The Goldman Sachs Group restated a "neutral" rating and issued a $109.00 price objective (down from $150.00) on shares of Booz Allen Hamilton in a research report on Friday, April 11th. Finally, Raymond James raised shares of Booz Allen Hamilton from a "market perform" rating to an "outperform" rating and set a $150.00 price target for the company in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Booz Allen Hamilton presently has a consensus rating of "Hold" and an average price target of $146.45.

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.