Mediolanum International Funds Ltd increased its stake in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH – Free Report) by 28.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 73,404 shares of the business services provider’s stock after purchasing an additional 16,304 shares during the period. Mediolanum International Funds Ltd owned 0.06% of Booz Allen Hamilton worth $7,259,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of BAH. Transcend Capital Advisors LLC acquired a new position in shares of Booz Allen Hamilton during the third quarter valued at approximately $446,000. Nan Fung Trinity HK Ltd. purchased a new stake in shares of Booz Allen Hamilton during the third quarter worth approximately $4,948,000. National Pension Service raised its stake in Booz Allen Hamilton by 88.1% in the 3rd quarter. National Pension Service now owns 30,058 shares of the business services provider’s stock valued at $3,004,000 after purchasing an additional 14,077 shares during the last quarter. AlphaQuest LLC purchased a new position in Booz Allen Hamilton in the 3rd quarter valued at $1,051,000. Finally, Summit Global Investments purchased a new position in Booz Allen Hamilton in the 3rd quarter valued at $648,000. 91.82% of the stock is currently owned by institutional investors and hedge funds.
Booz Allen Hamilton Trading Down 1.1%
BAH opened at $87.45 on Tuesday. The stock has a market capitalization of $10.55 billion, a PE ratio of 12.99, a P/E/G ratio of 5.19 and a beta of 0.33. Booz Allen Hamilton Holding Corporation has a one year low of $79.23 and a one year high of $134.27. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.81 and a current ratio of 1.81. The business’s 50 day moving average price is $89.38 and its 200 day moving average price is $96.42.
Booz Allen Hamilton Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 13th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.7%. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Friday, February 13th. Booz Allen Hamilton’s payout ratio is 32.69%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on the stock. Weiss Ratings upgraded shares of Booz Allen Hamilton from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, January 27th. The Goldman Sachs Group cut their price objective on shares of Booz Allen Hamilton from $93.00 to $80.00 and set a “sell” rating for the company in a report on Monday, October 27th. TD Cowen cut Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Friday, October 17th. Citigroup increased their price target on Booz Allen Hamilton from $93.00 to $109.00 and gave the company a “neutral” rating in a report on Tuesday, January 13th. Finally, Truist Financial set a $98.00 price objective on Booz Allen Hamilton in a research report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $105.77.
Get Our Latest Analysis on Booz Allen Hamilton
About Booz Allen Hamilton
Booz Allen Hamilton Holding Corporation is a publicly traded management and technology consulting firm headquartered in McLean, Virginia. The company provides a wide range of professional services and solutions in strategy, analytics, digital transformation, engineering and cyber security. Its expertise spans from supporting federal civilian agencies to defense, intelligence and homeland security organizations, as well as select commercial industries.
Key offerings include data analytics and artificial intelligence applications, software development and modernization, systems integration, and cyber risk management.
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