BI Asset Management Fondsmaeglerselskab A S Takes $5.99 Million Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

BI Asset Management Fondsmaeglerselskab A S purchased a new position in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 46,502 shares of the business services provider's stock, valued at approximately $5,985,000.

A number of other hedge funds also recently bought and sold shares of the business. Capital World Investors lifted its stake in shares of Booz Allen Hamilton by 591.1% in the 4th quarter. Capital World Investors now owns 349,917 shares of the business services provider's stock valued at $45,034,000 after purchasing an additional 299,283 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Booz Allen Hamilton by 15.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,254,345 shares of the business services provider's stock worth $161,434,000 after buying an additional 170,934 shares during the last quarter. First Trust Advisors LP boosted its stake in Booz Allen Hamilton by 15.3% during the fourth quarter. First Trust Advisors LP now owns 2,804,642 shares of the business services provider's stock worth $360,957,000 after buying an additional 371,390 shares during the period. Arrow Capital Pty Ltd bought a new position in Booz Allen Hamilton during the fourth quarter valued at $1,930,000. Finally, CANADA LIFE ASSURANCE Co increased its position in Booz Allen Hamilton by 14.9% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 60,689 shares of the business services provider's stock valued at $7,803,000 after acquiring an additional 7,860 shares during the last quarter. Hedge funds and other institutional investors own 91.82% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Cantor Fitzgerald raised shares of Booz Allen Hamilton to a "strong-buy" rating in a research note on Tuesday, February 25th. Wells Fargo & Company dropped their target price on Booz Allen Hamilton from $164.00 to $148.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $109.00 price target (down from $150.00) on shares of Booz Allen Hamilton in a report on Friday, April 11th. Raymond James raised Booz Allen Hamilton from a "market perform" rating to an "outperform" rating and set a $150.00 price target for the company in a research note on Monday, February 3rd. Finally, Truist Financial cut their price objective on Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $146.45.

Booz Allen Hamilton Stock Up 0.3 %

NYSE BAH traded up $0.41 during trading on Friday, reaching $119.74. 1,706,677 shares of the company's stock traded hands, compared to its average volume of 1,521,311. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.57 and a quick ratio of 1.57. The company's 50 day simple moving average is $110.52 and its two-hundred day simple moving average is $133.32. Booz Allen Hamilton Holding Co. has a 12-month low of $101.05 and a 12-month high of $190.59. The firm has a market cap of $15.16 billion, a price-to-earnings ratio of 17.85, a price-to-earnings-growth ratio of 1.25 and a beta of 0.58.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The business services provider reported $1.55 earnings per share 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%. As a group, sell-side analysts forecast that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.84%. This is an increase from Booz Allen Hamilton's previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Friday, February 14th. Booz Allen Hamilton's payout ratio is 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.