Farmers & Merchants Investments Inc. lifted its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 68.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,597 shares of the business services provider's stock after acquiring an additional 42,495 shares during the quarter. Farmers & Merchants Investments Inc. owned approximately 0.08% of Booz Allen Hamilton worth $10,939,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. GW&K Investment Management LLC lifted its holdings in shares of Booz Allen Hamilton by 0.7% during the fourth quarter. GW&K Investment Management LLC now owns 461,517 shares of the business services provider's stock worth $59,397,000 after purchasing an additional 3,435 shares during the period. Versor Investments LP acquired a new stake in Booz Allen Hamilton during the 4th quarter valued at approximately $933,000. FIL Ltd raised its stake in Booz Allen Hamilton by 63.3% during the fourth quarter. FIL Ltd now owns 153,343 shares of the business services provider's stock worth $19,735,000 after buying an additional 59,440 shares during the last quarter. Bridges Investment Management Inc. boosted its position in Booz Allen Hamilton by 19.2% during the fourth quarter. Bridges Investment Management Inc. now owns 117,661 shares of the business services provider's stock valued at $15,143,000 after acquiring an additional 18,930 shares during the last quarter. Finally, Cumberland Partners Ltd lifted its stake in shares of Booz Allen Hamilton by 92.2% in the 4th quarter. Cumberland Partners Ltd now owns 99,330 shares of the business services provider's stock valued at $12,784,000 after purchasing an additional 47,655 shares during the period. Institutional investors own 91.82% of the company's stock.
Booz Allen Hamilton Stock Performance
Shares of NYSE:BAH traded up $0.09 during trading on Tuesday, hitting $102.26. 1,667,643 shares of the company were exchanged, compared to its average volume of 1,698,324. The company has a market cap of $12.70 billion, a PE ratio of 15.24, a P/E/G ratio of 1.25 and a beta of 0.49. Booz Allen Hamilton Holding Co. has a 52-week low of $99.13 and a 52-week high of $190.59. 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 stock has a 50 day moving average of $114.06 and a 200 day moving average of $120.25.
Booz Allen Hamilton (NYSE:BAH - Get Free Report) last announced its quarterly earnings results on Friday, May 23rd. The business services provider reported $1.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.59 by $0.02. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same period in the prior year, the firm posted $1.33 earnings per share. The company's revenue for the quarter was up 7.3% on a year-over-year basis. As a group, equities research analysts predict that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current year.
Booz Allen Hamilton Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Wednesday, June 11th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Wednesday, June 11th. Booz Allen Hamilton's dividend payout ratio (DPR) is currently 30.34%.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on BAH. Truist Financial lowered their price objective on shares of 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. Raymond James reissued a "market perform" rating on shares of Booz Allen Hamilton in a research note on Friday, May 23rd. UBS Group raised their price objective on Booz Allen Hamilton from $120.00 to $135.00 and gave the company a "neutral" rating in a research note on Monday, May 19th. The Goldman Sachs Group downgraded shares of Booz Allen Hamilton from a "neutral" rating to a "sell" rating and lowered their target price for the company from $108.00 to $94.00 in a report on Wednesday, May 28th. Finally, Wells Fargo & Company decreased their price target on Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating for the company in a research report on Friday, May 23rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $136.90.
View Our Latest Stock Report on BAH
About Booz Allen Hamilton
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Free Report)
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.
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