Alliancebernstein L.P. Buys 455,605 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Alliancebernstein L.P. lifted its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 78.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,033,475 shares of the business services provider’s stock after purchasing an additional 455,605 shares during the period. Alliancebernstein L.P. owned approximately 0.82% of Booz Allen Hamilton worth $133,008,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Moody Aldrich Partners LLC raised its holdings in Booz Allen Hamilton by 4.7% during the 4th quarter. Moody Aldrich Partners LLC now owns 1,660 shares of the business services provider’s stock worth $214,000 after purchasing an additional 74 shares during the last quarter. Bleakley Financial Group LLC grew its position in shares of Booz Allen Hamilton by 4.3% during the 4th quarter. Bleakley Financial Group LLC now owns 1,816 shares of the business services provider’s stock worth $234,000 after buying an additional 75 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Booz Allen Hamilton by 2.0% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,160 shares of the business services provider’s stock worth $535,000 after buying an additional 82 shares during the last quarter. M&T Bank Corp lifted its holdings in Booz Allen Hamilton by 0.9% in the fourth quarter. M&T Bank Corp now owns 10,171 shares of the business services provider’s stock valued at $1,309,000 after buying an additional 88 shares during the period. Finally, Verdence Capital Advisors LLC boosted its stake in Booz Allen Hamilton by 0.5% in the fourth quarter. Verdence Capital Advisors LLC now owns 16,579 shares of the business services provider’s stock valued at $2,134,000 after acquiring an additional 90 shares during the last quarter. 91.82% of the stock is owned by institutional investors.

Booz Allen Hamilton Price Performance

BAH stock opened at $112.63 on Thursday. The stock has a 50-day moving average price of $116.42 and a two-hundred day moving average price of $139.35. Booz Allen Hamilton Holding Co. has a 1 year low of $101.05 and a 1 year high of $190.59. The stock has a market cap of $14.26 billion, a PE ratio of 16.79, a price-to-earnings-growth ratio of 1.25 and a beta of 0.56. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.72.

Booz Allen Hamilton (NYSE:BAH) last released its earnings results on Friday, January 31st. The business services provider reported $1.55 EPS for the quarter, beating the consensus estimate of $1.48 by $0.07. Booz Allen Hamilton had a return on equity of 68.97% and a net margin of 7.39%. Equities analysts forecast that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were given a dividend of $0.55 per share. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.51. This represents a $2.20 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend was Friday, February 14th. Booz Allen Hamilton’s dividend payout ratio is 32.79%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BAH. Barclays raised Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price target on the stock in a research note on Monday, January 6th. Wells Fargo & Company cut their target price on Booz Allen Hamilton from $180.00 to $164.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. StockNews.com lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. TD Cowen cut their price target on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group reduced their price objective on shares of Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Booz Allen Hamilton presently has an average rating of “Hold” and an average price target of $158.27.

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.