Vestcor Inc Purchases 813 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Vestcor Inc raised its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,379 shares of the business services provider’s stock after acquiring an additional 813 shares during the quarter. Vestcor Inc’s holdings in Booz Allen Hamilton were worth $7,642,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. GW&K Investment Management LLC boosted its position in Booz Allen Hamilton by 0.7% during the fourth quarter. GW&K Investment Management LLC now owns 461,517 shares of the business services provider’s stock valued at $59,397,000 after acquiring an additional 3,435 shares during the last quarter. Versor Investments LP bought a new stake in Booz Allen Hamilton during the fourth quarter valued at $933,000. Bridges Investment Management Inc. boosted its position in Booz Allen Hamilton by 19.2% during the fourth quarter. Bridges Investment Management Inc. now owns 117,661 shares of the business services provider’s stock valued at $15,143,000 after acquiring an additional 18,930 shares during the last quarter. Cumberland Partners Ltd boosted its position in shares of Booz Allen Hamilton by 92.2% during the 4th quarter. Cumberland Partners Ltd now owns 99,330 shares of the business services provider’s stock worth $12,784,000 after purchasing an additional 47,655 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in shares of Booz Allen Hamilton by 51.7% during the 4th quarter. Van ECK Associates Corp now owns 951,605 shares of the business services provider’s stock worth $122,472,000 after purchasing an additional 324,159 shares in the last quarter. Institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Price Performance

Shares of NYSE BAH opened at $111.56 on Thursday. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.57 and a current ratio of 1.57. The stock has a market cap of $14.13 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 1.25 and a beta of 0.56. Booz Allen Hamilton Holding Co. has a fifty-two week low of $101.82 and a fifty-two week high of $190.59. The firm’s 50-day simple moving average is $124.48 and its 200 day simple moving average is $144.47.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings data 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 net margin of 7.39% and a return on equity of 68.97%. As a group, research analysts anticipate that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were paid a $0.55 dividend. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.20 annualized dividend and a yield of 1.97%. Booz Allen Hamilton’s dividend payout ratio (DPR) is 32.79%.

Analyst Ratings Changes

BAH has been the topic of a number of research analyst reports. The Goldman Sachs Group cut 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 report on Thursday, December 12th. William Blair cut shares of Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a research report on Friday, February 21st. StockNews.com cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. Truist Financial cut their price objective on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating on the stock in a research report on Friday, November 22nd. Finally, Wells Fargo & Company cut their price objective on shares of Booz Allen Hamilton from $180.00 to $164.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus 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.