Pensionfund DSM Netherlands acquired a new stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 33,000 shares of the business services provider’s stock, valued at approximately $2,657,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Paces Ferry Wealth Advisors LLC bought a new position in Booz Allen Hamilton in the 3rd quarter valued at $36,000. Newfound Research LLC bought a new position in Booz Allen Hamilton in the 4th quarter valued at $38,000. Pacer Advisors Inc. raised its position in Booz Allen Hamilton by 91.5% in the 4th quarter. Pacer Advisors Inc. now owns 605 shares of the business services provider’s stock valued at $53,000 after purchasing an additional 289 shares during the last quarter. Birchcreek Wealth Management LLC bought a new position in Booz Allen Hamilton in the 4th quarter valued at $69,000. Finally, Carroll Financial Associates Inc. raised its position in Booz Allen Hamilton by 34.7% in the 4th quarter. Carroll Financial Associates Inc. now owns 896 shares of the business services provider’s stock valued at $78,000 after purchasing an additional 231 shares during the last quarter. Hedge funds and other institutional investors own 89.90% of the company’s stock.
In related news, EVP Elizabeth M. Thompson sold 15,000 shares of Booz Allen Hamilton stock in a transaction on Friday, January 8th. The stock was sold at an average price of $92.00, for a total transaction of $1,380,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is owned by insiders.
Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings data on Thursday, January 28th. The business services provider reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.11. Booz Allen Hamilton had a return on equity of 54.01% and a net margin of 6.62%. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same period in the previous year, the firm earned $0.80 earnings per share. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. Analysts expect that Booz Allen Hamilton Holding Co. will post 3.74 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 2nd. Investors of record on Friday, February 12th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, February 11th. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.13. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.80%. Booz Allen Hamilton’s payout ratio is 46.54%.
Several equities analysts have issued reports on BAH shares. Cowen reiterated a “buy” rating on shares of Booz Allen Hamilton in a research report on Friday, February 5th. Morgan Stanley dropped their target price on Booz Allen Hamilton from $98.00 to $90.00 and set an “overweight” rating for the company in a research report on Thursday, February 25th. Finally, Barclays restated an “overweight” rating on shares of Booz Allen Hamilton in a research report on Thursday, February 25th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $85.11.
About Booz Allen Hamilton
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.
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