Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Purchased by Alliancebernstein L.P.

Alliancebernstein L.P. increased its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 22.4% during the 3rd quarter, Holdings Channel reports. The fund owned 2,182,864 shares of the business services provider’s stock after purchasing an additional 399,748 shares during the quarter. Alliancebernstein L.P.’s holdings in Booz Allen Hamilton were worth $173,210,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Berman Capital Advisors LLC grew its holdings in Booz Allen Hamilton by 574.5% in the second quarter. Berman Capital Advisors LLC now owns 344 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 293 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Booz Allen Hamilton by 28.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 933 shares of the business services provider’s stock valued at $79,000 after purchasing an additional 208 shares during the period. Skandinaviska Enskilda Banken AB publ grew its holdings in Booz Allen Hamilton by 50.1% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 1,051 shares of the business services provider’s stock valued at $90,000 after purchasing an additional 351 shares during the period. First Horizon Advisors Inc. grew its holdings in Booz Allen Hamilton by 67.7% in the third quarter. First Horizon Advisors Inc. now owns 830 shares of the business services provider’s stock valued at $90,000 after purchasing an additional 335 shares during the period. Finally, Belpointe Asset Management LLC acquired a new stake in Booz Allen Hamilton in the second quarter valued at approximately $112,000. 87.13% of the stock is currently owned by hedge funds and other institutional investors.

In other Booz Allen Hamilton news, EVP Susan L. Penfield sold 14,851 shares of Booz Allen Hamilton stock in a transaction on Friday, November 12th. The stock was sold at an average price of $90.00, for a total value of $1,336,590.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.92% of the stock is owned by insiders.

Shares of Booz Allen Hamilton stock opened at $88.95 on Friday. Booz Allen Hamilton Holding Co. has a one year low of $75.15 and a one year high of $100.26. The company has a market cap of $11.91 billion, a price-to-earnings ratio of 20.83, a PEG ratio of 2.46 and a beta of 0.69. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.68 and a current ratio of 1.68. The business’s 50 day moving average price is $85.95 and its 200 day moving average price is $84.25.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings data on Thursday, October 28th. The business services provider reported $1.26 EPS for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.18. Booz Allen Hamilton had a return on equity of 55.43% and a net margin of 7.40%. The firm had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter last year, the business posted $1.03 earnings per share. The firm’s revenue was up 4.3% compared to the same quarter last year. On average, analysts predict that Booz Allen Hamilton Holding Co. will post 4.25 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 2nd. Shareholders of record on Monday, November 15th were given a $0.37 dividend. The ex-dividend date of this dividend was Friday, November 12th. This represents a $1.48 dividend on an annualized basis and a yield of 1.66%. Booz Allen Hamilton’s dividend payout ratio is currently 34.66%.

Several brokerages have commented on BAH. Morgan Stanley raised their price objective on Booz Allen Hamilton from $97.00 to $98.00 and gave the company an “overweight” rating in a report on Tuesday, November 2nd. Zacks Investment Research upgraded Booz Allen Hamilton from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a research report on Monday, October 4th. Cowen raised their target price on Booz Allen Hamilton from $105.00 to $109.00 in a research report on Monday, January 3rd. Finally, Wells Fargo & Company raised their target price on Booz Allen Hamilton from $96.00 to $99.00 and gave the company an “overweight” rating in a research report on Monday, November 1st. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Booz Allen Hamilton currently has a consensus rating of “Buy” and a consensus target price of $93.29.

Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corp. engages in the provision of management and technology consulting services. It offers analytics, digital solutions, engineering, and cyber expertise. The company was founded by Edwin Booz in 1914 and is headquartered in McLean, VA.

See Also: Convertible Shares

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Institutional Ownership by Quarter for Booz Allen Hamilton (NYSE:BAH)

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