Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Purchased by GFI Investment Counsel Ltd.

GFI Investment Counsel Ltd. increased its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 7.8% in the fourth quarter, Holdings Channel reports. The firm owned 315,923 shares of the business services provider’s stock after buying an additional 22,789 shares during the period. Booz Allen Hamilton comprises 4.7% of GFI Investment Counsel Ltd.’s investment portfolio, making the stock its 13th largest holding. GFI Investment Counsel Ltd.’s holdings in Booz Allen Hamilton were worth $40,659,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in BAH. The Manufacturers Life Insurance Company grew its stake in shares of Booz Allen Hamilton by 2.9% during the third quarter. The Manufacturers Life Insurance Company now owns 6,313 shares of the business services provider’s stock worth $1,028,000 after purchasing an additional 179 shares in the last quarter. FMR LLC grew its position in shares of Booz Allen Hamilton by 111.6% in the 3rd quarter. FMR LLC now owns 356,828 shares of the business services provider’s stock valued at $58,077,000 after buying an additional 188,185 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Booz Allen Hamilton by 14.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,508 shares of the business services provider’s stock valued at $9,197,000 after acquiring an additional 6,967 shares during the last quarter. Verition Fund Management LLC boosted its stake in Booz Allen Hamilton by 93.8% in the third quarter. Verition Fund Management LLC now owns 15,249 shares of the business services provider’s stock valued at $2,482,000 after acquiring an additional 7,382 shares in the last quarter. Finally, Bamco Inc. NY grew its holdings in shares of Booz Allen Hamilton by 14.0% during the third quarter. Bamco Inc. NY now owns 314,760 shares of the business services provider’s stock worth $51,230,000 after purchasing an additional 38,713 shares during the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. StockNews.com downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. Raymond James upgraded shares of Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 target price on the stock in a research report on Monday, February 3rd. JPMorgan Chase & Co. reduced their price target on shares of Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating for the company in a research report on Monday, February 3rd. TD Cowen lowered their price objective on shares of 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, Wells Fargo & Company reduced their target price on shares of Booz Allen Hamilton from $180.00 to $164.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $158.27.

Booz Allen Hamilton Price Performance

Booz Allen Hamilton stock opened at $104.84 on Tuesday. The firm’s 50-day moving average is $117.73 and its two-hundred day moving average is $139.89. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a market capitalization of $13.28 billion, a P/E ratio of 15.63, a P/E/G ratio of 1.25 and a beta of 0.56. Booz Allen Hamilton Holding Co. has a 12-month low of $101.05 and a 12-month high of $190.59.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings data on Friday, January 31st. The business services provider reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.07. Booz Allen Hamilton had a return on equity of 68.97% and a net margin of 7.39%. Equities analysts predict that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.51. Booz Allen Hamilton’s dividend payout ratio (DPR) is 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.