Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Acquired by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC lifted its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 144.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 227 shares of the business services provider’s stock after acquiring an additional 134 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Booz Allen Hamilton were worth $29,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Bogart Wealth LLC lifted its stake in Booz Allen Hamilton by 387.5% during the fourth quarter. Bogart Wealth LLC now owns 195 shares of the business services provider’s stock worth $25,000 after purchasing an additional 155 shares in the last quarter. OFI Invest Asset Management purchased a new position in Booz Allen Hamilton during the 4th quarter valued at about $25,000. SRS Capital Advisors Inc. grew its position in Booz Allen Hamilton by 3,314.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 232 shares in the last quarter. R Squared Ltd purchased a new stake in Booz Allen Hamilton during the fourth quarter worth about $31,000. Finally, Roxbury Financial LLC acquired a new stake in shares of Booz Allen Hamilton during the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. StockNews.com downgraded shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. UBS Group started coverage on Booz Allen Hamilton in a research note on Monday, December 2nd. They issued a “neutral” rating and a $159.00 price objective on the stock. JPMorgan Chase & Co. lowered their target price on Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating for the company in a research note on Monday, February 3rd. TD Cowen reduced their price target on 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, Raymond James raised Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 price objective for the company in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $158.27.

Booz Allen Hamilton Stock Down 8.1 %

Shares of NYSE:BAH opened at $103.60 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.72. The firm has a 50 day simple moving average of $121.96 and a 200-day simple moving average of $142.47. The company has a market capitalization of $13.12 billion, a PE ratio of 15.44, a P/E/G ratio of 1.25 and a beta of 0.56. Booz Allen Hamilton Holding Co. has a twelve month low of $101.82 and a twelve month high of $190.59.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings data 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%. On average, equities analysts predict 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 disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were paid a $0.55 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.20 dividend on an annualized basis and a yield of 2.12%. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.51. Booz Allen Hamilton’s payout ratio is currently 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.