Callan Family Office LLC bought a new position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH – Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 7,423 shares of the business services provider’s stock, valued at approximately $773,000.
A number of other institutional investors also recently modified their holdings of BAH. Wellington Management Group LLP lifted its holdings in Booz Allen Hamilton by 603.1% in the first quarter. Wellington Management Group LLP now owns 1,446,414 shares of the business services provider’s stock worth $151,266,000 after buying an additional 1,240,689 shares during the period. AQR Capital Management LLC lifted its holdings in Booz Allen Hamilton by 288.4% in the first quarter. AQR Capital Management LLC now owns 1,622,132 shares of the business services provider’s stock worth $168,491,000 after buying an additional 1,204,446 shares during the period. 1832 Asset Management L.P. lifted its holdings in Booz Allen Hamilton by 78.7% in the first quarter. 1832 Asset Management L.P. now owns 1,466,529 shares of the business services provider’s stock worth $153,370,000 after buying an additional 646,053 shares during the period. Pacer Advisors Inc. purchased a new stake in Booz Allen Hamilton in the first quarter worth about $59,148,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Booz Allen Hamilton by 2,108.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 545,017 shares of the business services provider’s stock worth $58,513,000 after buying an additional 520,339 shares during the period. 91.82% of the stock is currently owned by hedge funds and other institutional investors.
Booz Allen Hamilton Trading Down 0.8%
NYSE:BAH opened at $96.32 on Tuesday. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 3.66. Booz Allen Hamilton Holding Corporation has a 12 month low of $95.50 and a 12 month high of $190.59. The company has a market cap of $11.87 billion, a PE ratio of 11.83, a price-to-earnings-growth ratio of 1.53 and a beta of 0.42. The company has a 50 day simple moving average of $104.95 and a two-hundred day simple moving average of $108.81.
Booz Allen Hamilton Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Thursday, August 14th were given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Thursday, August 14th. Booz Allen Hamilton’s payout ratio is 27.03%.
Wall Street Analysts Forecast Growth
Several brokerages have commented on BAH. William Blair upgraded shares of Booz Allen Hamilton from a “market perform” rating to an “outperform” rating in a report on Monday, July 21st. Stifel Nicolaus raised their price objective on shares of Booz Allen Hamilton from $112.00 to $119.00 and gave the stock a “hold” rating in a report on Monday, July 28th. JPMorgan Chase & Co. raised their target price on shares of Booz Allen Hamilton from $115.00 to $122.00 and gave the company an “underweight” rating in a research note on Monday, July 28th. UBS Group set a $119.00 target price on shares of Booz Allen Hamilton and gave the company a “neutral” rating in a research note on Monday, July 28th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Booz Allen Hamilton in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $134.00.
View Our Latest Analysis on Booz Allen Hamilton
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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