Black Creek Investment Management Inc. raised its stake in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH – Free Report) by 15.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,088,476 shares of the business services provider’s stock after acquiring an additional 279,025 shares during the quarter. Booz Allen Hamilton makes up 9.8% of Black Creek Investment Management Inc.’s portfolio, making the stock its 3rd largest holding. Black Creek Investment Management Inc.’s holdings in Booz Allen Hamilton were worth $208,743,000 as of its most recent filing with the SEC.
A number of other large investors have also bought and sold shares of the business. Rakuten Securities Inc. raised its holdings in shares of Booz Allen Hamilton by 414.6% in the second quarter. Rakuten Securities Inc. now owns 247 shares of the business services provider’s stock valued at $26,000 after buying an additional 199 shares during the last quarter. West Branch Capital LLC lifted its stake in Booz Allen Hamilton by 58.3% in the third quarter. West Branch Capital LLC now owns 285 shares of the business services provider’s stock valued at $28,000 after buying an additional 105 shares during the period. Cornerstone Planning Group LLC increased its stake in shares of Booz Allen Hamilton by 244.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 289 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 205 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in Booz Allen Hamilton by 244.9% in the second quarter. Golden State Wealth Management LLC now owns 338 shares of the business services provider’s stock worth $35,000 after purchasing an additional 240 shares during the period. Finally, Eastern Bank acquired a new stake in Booz Allen Hamilton during the 3rd quarter worth $35,000. 91.82% of the stock is currently owned by institutional investors.
Booz Allen Hamilton Price Performance
BAH stock opened at $79.12 on Wednesday. The company has a fifty day moving average price of $86.73 and a 200-day moving average price of $92.00. Booz Allen Hamilton Holding Corporation has a 52-week low of $73.93 and a 52-week high of $130.91. The company has a market capitalization of $9.54 billion, a P/E ratio of 11.76, a PEG ratio of 4.57 and a beta of 0.37. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.81 and a current ratio of 1.81.
Booz Allen Hamilton Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 13th were issued a $0.59 dividend. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.55. This represents a $2.36 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, February 13th. Booz Allen Hamilton’s dividend payout ratio is currently 35.07%.
Analyst Upgrades and Downgrades
BAH has been the topic of a number of recent research reports. DA Davidson set a $81.00 price objective on shares of Booz Allen Hamilton in a report on Tuesday, January 27th. Jefferies Financial Group reduced their target price on Booz Allen Hamilton from $100.00 to $95.00 and set a “hold” rating for the company in a research note on Thursday, December 18th. Zacks Research raised shares of Booz Allen Hamilton from a “strong sell” rating to a “hold” rating in a report on Friday, November 28th. William Blair restated an “outperform” rating on shares of Booz Allen Hamilton in a research note on Tuesday. Finally, Stifel Nicolaus raised their target price on shares of Booz Allen Hamilton from $106.00 to $115.00 and gave the stock a “hold” rating in a report on Monday, January 26th. Two analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $101.25.
Check Out Our Latest Analysis on BAH
Booz Allen Hamilton Profile
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.
Further Reading
- Five stocks we like better than Booz Allen Hamilton
- New Copper-Rich “Kraken” Zone Discovered
- Silver Is the New Oil—And the World’s Running Dry
- America’s 1776 happening again
- 3 Signs You May Want to Switch Financial Advisors
- Silver’s squeeze is tightening – opportunity forming
Want to see what other hedge funds are holding BAH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booz Allen Hamilton Holding Corporation (NYSE:BAH – Free Report).
Receive News & Ratings for Booz Allen Hamilton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Booz Allen Hamilton and related companies with MarketBeat.com's FREE daily email newsletter.
