Voloridge Investment Management LLC Purchases New Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Voloridge Investment Management LLC bought a new position in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 57,721 shares of the business services provider's stock, valued at approximately $7,429,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. GW&K Investment Management LLC boosted its position in 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 valued at $59,397,000 after purchasing an additional 3,435 shares during the last quarter. Versor Investments LP bought a new position in shares of Booz Allen Hamilton in the fourth quarter valued at $933,000. FIL Ltd grew its stake in shares of Booz Allen Hamilton by 63.3% in the fourth quarter. FIL Ltd now owns 153,343 shares of the business services provider's stock valued at $19,735,000 after buying an additional 59,440 shares in the last quarter. Bridges Investment Management Inc. increased its holdings 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 worth $15,143,000 after buying an additional 18,930 shares during the last quarter. Finally, Cumberland Partners Ltd raised its position in Booz Allen Hamilton by 92.2% during the fourth quarter. Cumberland Partners Ltd now owns 99,330 shares of the business services provider's stock worth $12,784,000 after acquiring an additional 47,655 shares in the last quarter. 91.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Raymond James reaffirmed a "market perform" rating on shares of Booz Allen Hamilton in a research report on Friday, May 23rd. UBS Group increased 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. Truist Financial cut 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 report on Monday, April 14th. JPMorgan Chase & Co. decreased their target price on Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 15th. Finally, Cantor Fitzgerald upgraded Booz Allen Hamilton to a "strong-buy" rating in a research note on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $136.90.

Booz Allen Hamilton Stock Down 4.9%

Shares of BAH traded down $5.33 during trading hours on Wednesday, hitting $104.48. The stock had a trading volume of 3,383,916 shares, compared to its average volume of 1,619,561. The firm has a market capitalization of $13.23 billion, a P/E ratio of 15.57, a price-to-earnings-growth ratio of 1.25 and a beta of 0.56. Booz Allen Hamilton Holding Co. has a 1-year low of $101.05 and a 1-year high of $190.59. The firm has a 50 day simple moving average of $115.18 and a 200-day simple moving average of $125.37. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.57 and a quick ratio of 1.57.

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 EPS for the quarter, topping analysts' consensus estimates of $1.59 by $0.02. Booz Allen Hamilton had a return on equity of 68.97% and a net margin of 7.39%. The firm had revenue of $2.97 billion during the quarter, compared to analyst estimates of $3.03 billion. During the same period in the previous year, the company posted $1.33 EPS. The company's revenue for the quarter was up 7.3% on a year-over-year basis. Sell-side analysts predict that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Wednesday, June 11th will be given a dividend of $0.55 per share. The ex-dividend date is Wednesday, June 11th. This represents a $2.20 annualized dividend and a dividend yield of 2.11%. Booz Allen Hamilton's dividend payout ratio is currently 32.79%.

About Booz Allen Hamilton

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.