Boston Advisors LLC boosted its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 4.2% in the third quarter, HoldingsChannel reports. The firm owned 108,314 shares of the business services provider’s stock after purchasing an additional 4,377 shares during the period. Boston Advisors LLC’s holdings in Booz Allen Hamilton were worth $7,692,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Point72 Asset Management L.P. purchased a new position in Booz Allen Hamilton in the second quarter valued at about $26,000. Quest Capital Management Inc. ADV purchased a new position in Booz Allen Hamilton in the third quarter valued at about $26,000. First Financial Corp IN purchased a new position in Booz Allen Hamilton in the third quarter valued at about $28,000. Pearl River Capital LLC purchased a new position in Booz Allen Hamilton in the second quarter valued at about $33,000. Finally, Capital Investment Advisory Services LLC purchased a new position in Booz Allen Hamilton in the second quarter valued at about $42,000. 91.27% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages recently commented on BAH. SunTrust Banks increased their price target on Booz Allen Hamilton to $88.00 and gave the company a “buy” rating in a report on Monday, November 4th. Morgan Stanley increased their target price on Booz Allen Hamilton from $76.00 to $78.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Wells Fargo & Co reaffirmed a “hold” rating on shares of Booz Allen Hamilton in a report on Friday, November 1st. Barclays began coverage on Booz Allen Hamilton in a report on Friday, September 20th. They set an “equal weight” rating and a $77.00 target price on the stock. Finally, JPMorgan Chase & Co. began coverage on Booz Allen Hamilton in a report on Tuesday, September 24th. They set a “neutral” rating and a $77.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Booz Allen Hamilton has an average rating of “Buy” and an average target price of $76.67.
Booz Allen Hamilton (NYSE:BAH) last released its earnings results on Friday, November 1st. The business services provider reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.11. Booz Allen Hamilton had a return on equity of 57.89% and a net margin of 6.40%. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter last year, the business posted $0.68 EPS. Booz Allen Hamilton’s quarterly revenue was up 12.7% compared to the same quarter last year. As a group, sell-side analysts expect that Booz Allen Hamilton Holding Co. will post 3.11 EPS for the current fiscal year.
The company also recently announced a dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This is an increase from Booz Allen Hamilton’s previous dividend of $0.13. Booz Allen Hamilton’s dividend payout ratio (DPR) is currently 33.33%.
About Booz Allen Hamilton
Booz Allen Hamilton Holding Corporation provides management and technology consulting, engineering, analytics, digital, mission operations, and cyber solutions to governments, corporations, and not-for-profit organizations in the United States and internationally. The company offers consulting solutions for various domains, business strategies, human capital, and operations.
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