Close Asset Management Ltd Grows Holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Close Asset Management Ltd boosted its stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 3.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 949,390 shares of the business services provider's stock after acquiring an additional 36,008 shares during the period. Booz Allen Hamilton accounts for about 2.8% of Close Asset Management Ltd's holdings, making the stock its 15th biggest position. Close Asset Management Ltd owned about 0.75% of Booz Allen Hamilton worth $99,292,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in BAH. Norges Bank purchased a new position in shares of Booz Allen Hamilton in the fourth quarter worth about $196,578,000. Janus Henderson Group PLC increased its stake in shares of Booz Allen Hamilton by 179.7% in the fourth quarter. Janus Henderson Group PLC now owns 1,767,129 shares of the business services provider's stock worth $227,425,000 after purchasing an additional 1,135,426 shares in the last quarter. Man Group plc increased its stake in shares of Booz Allen Hamilton by 2,293.2% in the fourth quarter. Man Group plc now owns 1,128,389 shares of the business services provider's stock worth $145,224,000 after purchasing an additional 1,081,239 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Booz Allen Hamilton by 61.4% in the fourth quarter. Bank of America Corp DE now owns 1,552,217 shares of the business services provider's stock worth $199,770,000 after purchasing an additional 590,655 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Booz Allen Hamilton by 1,111.3% in the fourth quarter. Renaissance Technologies LLC now owns 606,794 shares of the business services provider's stock worth $78,094,000 after purchasing an additional 556,700 shares in the last quarter. Institutional investors own 91.82% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Barclays reduced their price objective on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an "equal weight" rating for the company in a research note on Wednesday, May 28th. Stifel Nicolaus began coverage on shares of Booz Allen Hamilton in a research report on Tuesday, June 24th. They set a "hold" rating and a $112.00 target price for the company. Wall Street Zen lowered shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Raymond James Financial reiterated a "market perform" rating on shares of Booz Allen Hamilton in a report on Friday, May 23rd. Finally, UBS Group upped their price target on shares of Booz Allen Hamilton from $120.00 to $135.00 and gave the company a "neutral" rating in a report on Monday, May 19th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Booz Allen Hamilton has an average rating of "Hold" and a consensus target price of $134.64.

Booz Allen Hamilton Trading Down 0.5%

Booz Allen Hamilton stock traded down $0.60 during mid-day trading on Thursday, reaching $115.35. 2,239,157 shares of the company traded hands, compared to its average volume of 2,344,369. The company has a debt-to-equity ratio of 3.90, a current ratio of 1.79 and a quick ratio of 1.79. The firm's 50 day moving average price is $108.11 and its 200 day moving average price is $115.05. The firm has a market capitalization of $14.33 billion, a price-to-earnings ratio of 15.91, a P/E/G ratio of 1.75 and a beta of 0.48. Booz Allen Hamilton Holding Corporation has a 52-week low of $98.95 and a 52-week high of $190.59.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last issued its quarterly earnings data on Friday, May 23rd. The business services provider reported $1.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.59 by $0.02. The business had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $3.03 billion. Booz Allen Hamilton had a net margin of 7.81% and a return on equity of 72.35%. The company's quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.33 EPS. On average, analysts anticipate that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Wednesday, June 11th were given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date was Wednesday, June 11th. Booz Allen Hamilton's dividend payout ratio is presently 30.34%.

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.