Lord Abbett & CO. LLC Has $53.29 Million Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Lord Abbett & CO. LLC boosted its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 98.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 414,085 shares of the business services provider's stock after acquiring an additional 204,915 shares during the quarter. Lord Abbett & CO. LLC owned approximately 0.33% of Booz Allen Hamilton worth $53,293,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. GW&K Investment Management LLC raised its position in shares of Booz Allen Hamilton by 0.7% during the 4th quarter. GW&K Investment Management LLC now owns 461,517 shares of the business services provider's stock valued at $59,397,000 after acquiring an additional 3,435 shares during the last quarter. Versor Investments LP bought a new position in Booz Allen Hamilton during the fourth quarter worth about $933,000. FIL Ltd increased its stake in shares of Booz Allen Hamilton by 63.3% in the 4th quarter. FIL Ltd now owns 153,343 shares of the business services provider's stock valued at $19,735,000 after acquiring an additional 59,440 shares during the last quarter. Bridges Investment Management Inc. raised its position in shares of Booz Allen Hamilton by 19.2% in the 4th 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 period. Finally, Cumberland Partners Ltd grew its holdings 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 valued at $12,784,000 after purchasing an additional 47,655 shares during the period. Institutional investors and hedge funds own 91.82% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on BAH shares. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $109.00 price objective (down previously from $150.00) on shares of Booz Allen Hamilton in a research note on Friday, April 11th. TD Cowen lowered their target price on Booz Allen Hamilton from $200.00 to $155.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. Wells Fargo & Company lowered their price objective on shares of Booz Allen Hamilton from $164.00 to $148.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. William Blair cut shares of Booz Allen Hamilton from an "outperform" rating to a "market perform" rating in a research report on Friday, February 21st. Finally, Barclays raised Booz Allen Hamilton from an "underweight" rating to an "equal weight" rating and set a $140.00 price target on the stock in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Booz Allen Hamilton presently has an average rating of "Hold" and an average target price of $146.45.

Booz Allen Hamilton Price Performance

Shares of BAH traded up $0.27 during midday trading on Thursday, hitting $120.29. The company's stock had a trading volume of 576,139 shares, compared to its average volume of 1,526,372. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 2.72. Booz Allen Hamilton Holding Co. has a one year low of $101.05 and a one year high of $190.59. The stock has a market capitalization of $15.23 billion, a price-to-earnings ratio of 17.91, a price-to-earnings-growth ratio of 1.25 and a beta of 0.58. The company's fifty day simple moving average is $110.81 and its two-hundred day simple moving average is $132.47.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last issued 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 net margin of 7.39% and a return on equity of 68.97%. As a group, equities analysts expect 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 announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from Booz Allen Hamilton's previous quarterly dividend of $0.51. This represents a $2.20 annualized dividend and a yield of 1.83%. Booz Allen Hamilton's dividend payout ratio (DPR) 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.