Catalyst Funds Management Pty Ltd Purchases New Shares in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Catalyst Funds Management Pty Ltd acquired a new position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,300 shares of the business services provider’s stock, valued at approximately $425,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Apollon Wealth Management LLC grew its holdings in shares of Booz Allen Hamilton by 5.5% during the third quarter. Apollon Wealth Management LLC now owns 1,663 shares of the business services provider’s stock valued at $271,000 after buying an additional 86 shares during the last quarter. MQS Management LLC bought a new stake in shares of Booz Allen Hamilton during the 3rd quarter valued at $226,000. Oppenheimer & Co. Inc. increased its position in Booz Allen Hamilton by 3.3% in the third quarter. Oppenheimer & Co. Inc. now owns 1,822 shares of the business services provider’s stock worth $297,000 after buying an additional 59 shares in the last quarter. Metis Global Partners LLC increased its holdings in Booz Allen Hamilton by 7.1% in the 3rd quarter. Metis Global Partners LLC now owns 2,474 shares of the business services provider’s stock worth $403,000 after acquiring an additional 163 shares in the last quarter. Finally, CIBC Asset Management Inc increased its stake in shares of Booz Allen Hamilton by 5.4% in the third quarter. CIBC Asset Management Inc now owns 4,688 shares of the business services provider’s stock worth $763,000 after purchasing an additional 240 shares in the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BAH. Truist Financial cut their target price on Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a research report on Friday, November 22nd. UBS Group initiated coverage on shares of Booz Allen Hamilton in a report on Monday, December 2nd. They issued a “neutral” rating and a $159.00 target price on the stock. Barclays upgraded Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price target on the stock in a report on Monday, January 6th. JPMorgan Chase & Co. decreased their price objective on shares of 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. Finally, 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 research report on Monday, February 3rd. One research 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $158.27.

Booz Allen Hamilton Trading Up 0.6 %

Shares of NYSE:BAH opened at $111.96 on Friday. Booz Allen Hamilton Holding Co. has a 12-month low of $101.82 and a 12-month high of $190.59. The business’s fifty day simple moving average is $123.40 and its 200-day simple moving average is $143.64. The company has a market capitalization of $14.18 billion, a PE ratio of 16.69, a P/E/G ratio of 1.25 and a beta of 0.56. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.72.

Booz Allen Hamilton (NYSE:BAH) last announced its earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share 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 predict that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend was Friday, February 14th. This is an increase 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.