Mitsubishi UFJ Asset Management Co. Ltd. Has $10.52 Million Stock Holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Key Points

• Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Booz Allen Hamilton by 9.4%, holding 100,583 shares valued at $10.52 million as of the end of the last quarter.
• Booz Allen Hamilton reported an EPS of $1.48 for its latest quarter, exceeding analyst expectations, while also announcing a quarterly dividend of $0.55 per share.
• The company's stock currently has a consensus rating of "Hold" from analysts, with a categorized target price of $134.00.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 9.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 100,583 shares of the business services provider's stock after purchasing an additional 8,668 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.08% of Booz Allen Hamilton worth $10,519,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB boosted its position in Booz Allen Hamilton by 74.5% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 246 shares of the business services provider's stock valued at $26,000 after purchasing an additional 105 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Booz Allen Hamilton during the fourth quarter valued at $33,000. Versant Capital Management Inc boosted its position in Booz Allen Hamilton by 627.3% during the first quarter. Versant Capital Management Inc now owns 320 shares of the business services provider's stock valued at $33,000 after purchasing an additional 276 shares during the last quarter. CX Institutional acquired a new stake in Booz Allen Hamilton during the first quarter valued at $33,000. Finally, Ancora Advisors LLC acquired a new stake in Booz Allen Hamilton during the fourth quarter valued at $34,000. Institutional investors and hedge funds own 91.82% of the company's stock.

Booz Allen Hamilton Trading Down 1.1%

Booz Allen Hamilton stock opened at $109.21 on Tuesday. The company has a debt-to-equity ratio of 3.66, a quick ratio of 1.78 and a current ratio of 1.78. The business's 50-day simple moving average is $106.40 and its 200-day simple moving average is $112.53. The firm has a market capitalization of $13.46 billion, a PE ratio of 13.42, a PEG ratio of 1.73 and a beta of 0.47. 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 posted its quarterly earnings data on Friday, July 25th. The business services provider reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.45 by $0.03. The business had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.96 billion. Booz Allen Hamilton had a return on equity of 73.05% and a net margin of 8.70%. The firm's revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the company posted $1.38 earnings per share. Equities research analysts forecast that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Thursday, August 14th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.0%. The ex-dividend date is Thursday, August 14th. Booz Allen Hamilton's payout ratio is currently 27.03%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on BAH shares. William Blair raised Booz Allen Hamilton from a "market perform" rating to an "outperform" rating in a research report on Monday, July 21st. JPMorgan Chase & Co. raised their target price on Booz Allen Hamilton from $115.00 to $122.00 and gave the company an "underweight" rating in a report on Monday, July 28th. Stifel Nicolaus raised their target price on Booz Allen Hamilton from $112.00 to $119.00 and gave the company a "hold" rating in a report on Monday, July 28th. Wall Street Zen lowered Booz Allen Hamilton from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Finally, UBS Group set a $119.00 target price on Booz Allen Hamilton and gave the company a "neutral" rating in a report on Monday, July 28th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $134.00.

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.

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