Alliancebernstein L.P. Has $133.01 Million Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Alliancebernstein L.P. lifted its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 78.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,033,475 shares of the business services provider’s stock after buying an additional 455,605 shares during the quarter. Alliancebernstein L.P.’s holdings in Booz Allen Hamilton were worth $133,008,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Norges Bank acquired a new stake in Booz Allen Hamilton during the fourth quarter worth approximately $196,578,000. Raymond James Financial Inc. acquired a new stake in Booz Allen Hamilton in the 4th quarter worth about $173,055,000. JPMorgan Chase & Co. boosted its stake in shares of Booz Allen Hamilton by 12.5% in the fourth quarter. JPMorgan Chase & Co. now owns 4,518,386 shares of the business services provider’s stock valued at $581,516,000 after buying an additional 501,725 shares during the period. Teacher Retirement System of Texas lifted its position in shares of Booz Allen Hamilton by 328.1% during the 4th quarter. Teacher Retirement System of Texas now owns 431,043 shares of the business services provider’s stock valued at $55,475,000 after acquiring an additional 330,344 shares during the period. Finally, Van ECK Associates Corp lifted its position in Booz Allen Hamilton by 51.7% during the fourth quarter. Van ECK Associates Corp now owns 951,605 shares of the business services provider’s stock worth $122,472,000 after purchasing an additional 324,159 shares during the period. Institutional investors own 91.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Cantor Fitzgerald upgraded Booz Allen Hamilton to a “strong-buy” rating in a research note on Tuesday, February 25th. Barclays upgraded Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 target price on the stock in a research report on Monday, January 6th. William Blair cut shares of Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. Wells Fargo & Company decreased their price target on shares of Booz Allen Hamilton from $180.00 to $164.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. Finally, TD Cowen dropped their price objective on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Booz Allen Hamilton has an average rating of “Hold” and a consensus target price of $158.27.

Booz Allen Hamilton Price Performance

Shares of NYSE BAH opened at $112.63 on Thursday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 2.72. The company has a market capitalization of $14.26 billion, a PE ratio of 16.79, a P/E/G ratio of 1.25 and a beta of 0.56. The firm has a fifty day simple moving average of $116.42 and a 200 day simple moving average of $139.35. Booz Allen Hamilton Holding Co. has a twelve month low of $101.05 and a twelve 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 earnings per share (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%. On average, sell-side analysts forecast that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current year.

Booz Allen Hamilton Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were given a dividend of $0.55 per share. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.51. The ex-dividend date was Friday, February 14th. This represents a $2.20 annualized dividend and a dividend yield of 1.95%. Booz Allen Hamilton’s dividend payout ratio (DPR) is 32.79%.

About Booz Allen Hamilton

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.