American Century Companies Inc. lifted its stake in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH – Free Report) by 48.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 139,243 shares of the business services provider’s stock after purchasing an additional 45,470 shares during the quarter. American Century Companies Inc. owned about 0.11% of Booz Allen Hamilton worth $14,562,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Booz Allen Hamilton by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 13,071,741 shares of the business services provider’s stock worth $1,367,043,000 after purchasing an additional 237,720 shares during the period. Janus Henderson Group PLC raised its position in shares of Booz Allen Hamilton by 179.7% during the 4th quarter. Janus Henderson Group PLC now owns 1,767,129 shares of the business services provider’s stock worth $227,425,000 after purchasing an additional 1,135,426 shares during the period. Bessemer Group Inc. raised its position in shares of Booz Allen Hamilton by 15.3% during the 1st quarter. Bessemer Group Inc. now owns 1,710,181 shares of the business services provider’s stock worth $178,853,000 after purchasing an additional 226,761 shares during the period. Bank of America Corp DE raised its position in shares of Booz Allen Hamilton by 61.4% during the 4th quarter. Bank of America Corp DE now owns 1,552,217 shares of the business services provider’s stock worth $199,770,000 after purchasing an additional 590,655 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Booz Allen Hamilton by 1.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,278,086 shares of the business services provider’s stock worth $133,664,000 after purchasing an additional 23,741 shares during the period. 91.82% of the stock is currently owned by institutional investors and hedge funds.
Booz Allen Hamilton Price Performance
Shares of NYSE:BAH opened at $109.9110 on Monday. 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 1 year low of $98.95 and a 1 year high of $190.59. The business has a fifty day simple moving average of $107.69 and a 200 day simple moving average of $111.24. The firm has a market cap of $13.55 billion, a price-to-earnings ratio of 13.50, a P/E/G ratio of 1.72 and a beta of 0.47.
Booz Allen Hamilton Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Thursday, August 14th will be issued 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 dividend payout ratio (DPR) is 27.03%.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the company. The Goldman Sachs Group cut Booz Allen Hamilton from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $108.00 to $94.00 in a research report on Wednesday, May 28th. 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 research report on Monday, July 28th. UBS Group set a $119.00 target price on Booz Allen Hamilton and gave the company a “neutral” rating in a research report on Monday, July 28th. William Blair upgraded Booz Allen Hamilton from a “market perform” rating to an “outperform” rating in a research report on Monday, July 21st. Finally, 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 research report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Booz Allen Hamilton presently has an average rating of “Hold” and a consensus price target of $134.00.
Read Our Latest Research Report on BAH
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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