Natixis Advisors L.P. increased its position in Booz Allen Hamilton Holding Co. (NYSE:BAH – Get Rating) by 8.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 168,145 shares of the business services provider’s stock after acquiring an additional 13,209 shares during the period. Natixis Advisors L.P. owned approximately 0.13% of Booz Allen Hamilton worth $17,575,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Intech Investment Management LLC increased its holdings in shares of Booz Allen Hamilton by 44.6% in the 3rd quarter. Intech Investment Management LLC now owns 71,766 shares of the business services provider’s stock worth $6,628,000 after acquiring an additional 22,119 shares during the period. Raymond James & Associates increased its stake in Booz Allen Hamilton by 17.4% during the 3rd quarter. Raymond James & Associates now owns 369,694 shares of the business services provider’s stock valued at $34,141,000 after buying an additional 54,702 shares during the period. Signaturefd LLC increased its stake in Booz Allen Hamilton by 21.0% during the 3rd quarter. Signaturefd LLC now owns 2,055 shares of the business services provider’s stock valued at $190,000 after buying an additional 356 shares during the period. Janney Montgomery Scott LLC acquired a new position in Booz Allen Hamilton during the 3rd quarter valued at about $5,030,000. Finally, Canandaigua National Corp increased its stake in Booz Allen Hamilton by 6.8% during the 3rd quarter. Canandaigua National Corp now owns 2,537 shares of the business services provider’s stock valued at $234,000 after buying an additional 161 shares during the period. Institutional investors and hedge funds own 90.68% of the company’s stock.
Wall Street Analysts Forecast Growth
BAH has been the topic of several research analyst reports. Wells Fargo & Company raised their target price on shares of Booz Allen Hamilton from $109.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, February 1st. StockNews.com initiated coverage on shares of Booz Allen Hamilton in a research note on Thursday, March 16th. They set a “hold” rating on the stock. Finally, Morgan Stanley lowered their target price on shares of Booz Allen Hamilton from $118.00 to $116.00 and set an “overweight” rating on the stock in a research note on Thursday, February 2nd. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $104.33.
Booz Allen Hamilton Stock Performance
Booz Allen Hamilton (NYSE:BAH – Get Rating) last posted its quarterly earnings data on Friday, January 27th. The business services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.05. Booz Allen Hamilton had a net margin of 4.76% and a return on equity of 51.31%. The company had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.19 billion. Analysts forecast that Booz Allen Hamilton Holding Co. will post 4.46 earnings per share for the current fiscal year.
Booz Allen Hamilton Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Shareholders of record on Friday, February 10th were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 1.95%. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.43. The ex-dividend date was Thursday, February 9th. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 58.39%.
Booz Allen Hamilton Profile
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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