Bridgewater Associates LP Purchases New Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Bridgewater Associates LP bought a new stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 69,282 shares of the business services provider's stock, valued at approximately $8,917,000. Bridgewater Associates LP owned 0.05% of Booz Allen Hamilton as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC raised its position in shares of Booz Allen Hamilton by 17.1% during the third quarter. Barclays PLC now owns 101,365 shares of the business services provider's stock worth $16,497,000 after purchasing an additional 14,826 shares during the period. Anchor Investment Management LLC boosted its position in Booz Allen Hamilton by 865.7% in the third quarter. Anchor Investment Management LLC now owns 647 shares of the business services provider's stock worth $105,000 after purchasing an additional 580 shares during the last quarter. World Investment Advisors LLC increased its holdings in Booz Allen Hamilton by 26.1% during the third quarter. World Investment Advisors LLC now owns 6,719 shares of the business services provider's stock worth $1,094,000 after buying an additional 1,390 shares during the last quarter. Tidal Investments LLC increased its stake in shares of Booz Allen Hamilton by 17.7% during the 3rd quarter. Tidal Investments LLC now owns 13,165 shares of the business services provider's stock worth $2,143,000 after purchasing an additional 1,979 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Booz Allen Hamilton by 9.1% in the third quarter. Franklin Resources Inc. now owns 87,607 shares of the business services provider's stock valued at $14,249,000 after buying an additional 7,271 shares during the period. Institutional investors and hedge funds own 91.82% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. TD Cowen lowered their target price on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a "buy" rating on the stock in a report on Wednesday, January 8th. 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 report on Monday, January 6th. Cantor Fitzgerald upgraded Booz Allen Hamilton to a "strong-buy" rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. lowered their price target on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating for the company in a research note on Tuesday, April 15th. Finally, Truist Financial dropped their price objective on Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating for the company in a research note 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $146.45.

Booz Allen Hamilton Stock Up 2.1 %

Booz Allen Hamilton stock traded up $2.36 during mid-day trading on Tuesday, hitting $114.31. The company had a trading volume of 354,957 shares, compared to its average volume of 1,485,572. Booz Allen Hamilton Holding Co. has a 12 month low of $101.05 and a 12 month high of $190.59. The stock's 50 day moving average price is $110.55 and its two-hundred day moving average price is $134.14. The company has a market capitalization of $14.48 billion, a PE ratio of 17.00, a price-to-earnings-growth ratio of 1.25 and a beta of 0.58. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.72.

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

Booz Allen Hamilton Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.92%. 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 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.