Congress Wealth Management LLC DE acquired a new position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH – Get Rating) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 108,843 shares of the business services provider’s stock, valued at approximately $9,228,000. Congress Wealth Management LLC DE owned about 0.08% of Booz Allen Hamilton at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the stock. Black Creek Investment Management Inc. raised its position in shares of Booz Allen Hamilton by 15.0% during the 3rd quarter. Black Creek Investment Management Inc. now owns 6,250,479 shares of the business services provider’s stock worth $495,976,000 after purchasing an additional 815,907 shares during the last quarter. Alliancebernstein L.P. grew its stake in Booz Allen Hamilton by 22.4% in the 3rd quarter. Alliancebernstein L.P. now owns 2,182,864 shares of the business services provider’s stock worth $173,210,000 after acquiring an additional 399,748 shares during the period. Goldman Sachs Group Inc. grew its stake in Booz Allen Hamilton by 14.5% in the 3rd quarter. Goldman Sachs Group Inc. now owns 1,753,533 shares of the business services provider’s stock worth $139,143,000 after acquiring an additional 222,256 shares during the period. Ceredex Value Advisors LLC purchased a new stake in Booz Allen Hamilton in the 3rd quarter worth approximately $130,799,000. Finally, Congress Asset Management Co. MA grew its stake in Booz Allen Hamilton by 2.1% in the 4th quarter. Congress Asset Management Co. MA now owns 1,328,261 shares of the business services provider’s stock worth $112,623,000 after acquiring an additional 27,124 shares during the period. Hedge funds and other institutional investors own 88.34% of the company’s stock.
In related news, EVP Nancy Laben sold 6,003 shares of the business’s stock in a transaction dated Monday, March 28th. The shares were sold at an average price of $88.95, for a total transaction of $533,966.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.92% of the stock is owned by corporate insiders.
Booz Allen Hamilton (NYSE:BAH – Get Rating) last issued its earnings results on Friday, January 28th. The business services provider reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.05. The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.13 billion. Booz Allen Hamilton had a net margin of 7.09% and a return on equity of 54.65%. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.04 EPS. Sell-side analysts predict that Booz Allen Hamilton Holding Co. will post 4.18 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 2nd. Stockholders of record on Friday, February 11th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date was Thursday, February 10th. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.37. Booz Allen Hamilton’s dividend payout ratio is 41.05%.
BAH has been the subject of several recent analyst reports. StockNews.com initiated coverage on shares of Booz Allen Hamilton in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and set a $96.00 price objective for the company. in a research note on Friday, April 8th. Stifel Nicolaus assumed coverage on shares of Booz Allen Hamilton in a research note on Thursday, March 17th. They set a “buy” rating and a $96.00 price objective for the company. Morgan Stanley lowered their price objective on shares of Booz Allen Hamilton from $98.00 to $93.00 and set an “overweight” rating for the company in a research note on Tuesday, February 1st. Finally, Wells Fargo & Company boosted their price objective on shares of Booz Allen Hamilton from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, March 24th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Booz Allen Hamilton presently has a consensus rating of “Buy” and a consensus price target of $96.70.
Booz Allen Hamilton Profile (Get Rating)
Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, 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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