Mediolanum International Funds Ltd increased its position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH – Free Report) by 45.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 57,100 shares of the business services provider’s stock after acquiring an additional 17,759 shares during the period. Mediolanum International Funds Ltd’s holdings in Booz Allen Hamilton were worth $5,873,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently bought and sold shares of BAH. Vanguard Group Inc. increased its holdings in shares of Booz Allen Hamilton by 0.5% in the second quarter. Vanguard Group Inc. now owns 13,137,237 shares of the business services provider’s stock worth $1,367,980,000 after purchasing an additional 65,496 shares during the period. Geode Capital Management LLC grew its position in Booz Allen Hamilton by 1.6% during the second quarter. Geode Capital Management LLC now owns 2,417,306 shares of the business services provider’s stock worth $251,000,000 after buying an additional 37,519 shares in the last quarter. Black Creek Investment Management Inc. increased its stake in Booz Allen Hamilton by 0.3% in the 2nd quarter. Black Creek Investment Management Inc. now owns 1,809,451 shares of the business services provider’s stock worth $188,418,000 after acquiring an additional 5,626 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Booz Allen Hamilton by 288.4% in the 1st quarter. AQR Capital Management LLC now owns 1,622,132 shares of the business services provider’s stock valued at $168,491,000 after acquiring an additional 1,204,446 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Booz Allen Hamilton by 187.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,566,826 shares of the business services provider’s stock valued at $168,136,000 after acquiring an additional 1,021,809 shares in the last quarter. 91.82% of the stock is owned by institutional investors.
Booz Allen Hamilton Trading Up 1.0%
NYSE BAH opened at $80.67 on Friday. The stock has a market cap of $9.79 billion, a P/E ratio of 12.32, a price-to-earnings-growth ratio of 1.46 and a beta of 0.39. Booz Allen Hamilton Holding Corporation has a fifty-two week low of $79.23 and a fifty-two week high of $150.53. The stock has a 50 day simple moving average of $93.63 and a two-hundred day simple moving average of $103.80. The company has a debt-to-equity ratio of 3.89, a quick ratio of 1.78 and a current ratio of 1.76.
Booz Allen Hamilton Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Friday, November 14th will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.7%. Booz Allen Hamilton’s payout ratio is presently 33.59%.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on the stock. TD Cowen restated a “hold” rating and issued a $105.00 price objective (down from $125.00) on shares of Booz Allen Hamilton in a research report on Friday, October 17th. UBS Group cut their target price on Booz Allen Hamilton from $115.00 to $93.00 and set a “neutral” rating for the company in a research note on Monday, October 27th. Zacks Research cut shares of Booz Allen Hamilton from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Bank of America lowered shares of Booz Allen Hamilton from a “buy” rating to an “underperform” rating and set a $90.00 target price on the stock. in a report on Friday, October 24th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Booz Allen Hamilton in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $110.82.
View Our Latest Report on Booz Allen Hamilton
Insider Activity
In related news, CEO Horacio Rozanski purchased 23,800 shares of Booz Allen Hamilton stock in a transaction that occurred on Thursday, October 30th. The shares were bought at an average price of $84.66 per share, for a total transaction of $2,014,908.00. Following the completion of the transaction, the chief executive officer directly owned 687,745 shares of the company’s stock, valued at $58,224,491.70. This represents a 3.58% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.91% of the stock is owned by corporate insiders.
About Booz Allen Hamilton
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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