Proficio Capital Partners LLC Buys Shares of 36,386 Booz Allen Hamilton Holding Co. (NYSE:BAH)

Proficio Capital Partners LLC purchased a new position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 36,386 shares of the business services provider’s stock, valued at approximately $4,683,000.

A number of other institutional investors have also modified their holdings of BAH. Bogart Wealth LLC boosted its holdings in Booz Allen Hamilton by 387.5% during the 4th quarter. Bogart Wealth LLC now owns 195 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 155 shares during the period. R Squared Ltd acquired a new stake in shares of Booz Allen Hamilton during the fourth quarter worth about $31,000. SRS Capital Advisors Inc. boosted its stake in shares of Booz Allen Hamilton by 3,314.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 232 shares during the period. Roxbury Financial LLC acquired a new position in shares of Booz Allen Hamilton in the fourth quarter valued at approximately $35,000. Finally, Berbice Capital Management LLC purchased a new stake in Booz Allen Hamilton during the 4th quarter worth approximately $39,000. 91.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BAH has been the subject of several recent research reports. StockNews.com cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. Raymond James upgraded Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 target price for the company in a report on Monday, February 3rd. The Goldman Sachs Group cut their price target on Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Barclays upgraded Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price objective for the company in a research note on Monday, January 6th. Finally, Cantor Fitzgerald upgraded shares of Booz Allen Hamilton to a “strong-buy” rating in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $158.27.

Booz Allen Hamilton Price Performance

Shares of NYSE BAH opened at $115.18 on Tuesday. The stock’s 50-day simple moving average is $123.08 and its 200-day simple moving average is $143.26. 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 firm has a market capitalization of $14.59 billion, a PE ratio of 17.17, a price-to-earnings-growth 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.

Booz Allen Hamilton (NYSE:BAH) last issued its earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share (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, equities research 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 announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were issued a $0.55 dividend. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.51. This represents a $2.20 annualized dividend and a dividend yield of 1.91%. The ex-dividend date was Friday, February 14th. Booz Allen Hamilton’s payout ratio is presently 32.79%.

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.