Proficio Capital Partners LLC Invests $4.68 Million in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Proficio Capital Partners LLC acquired a new stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) in the fourth quarter, Holdings Channel.com reports. The fund acquired 36,386 shares of the business services provider’s stock, valued at approximately $4,683,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BAH. Oppenheimer & Co. Inc. grew its stake in shares of Booz Allen Hamilton by 3.3% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 1,822 shares of the business services provider’s stock valued at $297,000 after buying an additional 59 shares during the period. Moody Aldrich Partners LLC lifted its holdings in Booz Allen Hamilton by 4.7% in the fourth quarter. Moody Aldrich Partners LLC now owns 1,660 shares of the business services provider’s stock valued at $214,000 after acquiring an additional 74 shares during the last quarter. Bleakley Financial Group LLC grew its position in Booz Allen Hamilton by 4.3% in the fourth quarter. Bleakley Financial Group LLC now owns 1,816 shares of the business services provider’s stock worth $234,000 after acquiring an additional 75 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its stake in Booz Allen Hamilton by 2.0% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,160 shares of the business services provider’s stock worth $535,000 after acquiring an additional 82 shares during the last quarter. Finally, Apollon Wealth Management LLC raised its position in Booz Allen Hamilton by 5.5% in the third quarter. Apollon Wealth Management LLC now owns 1,663 shares of the business services provider’s stock valued at $271,000 after purchasing an additional 86 shares during the period. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Booz Allen Hamilton Stock Performance

Shares of BAH stock opened at $102.65 on Tuesday. The firm has a 50 day moving average of $127.31 and a two-hundred day moving average of $146.53. The stock has a market capitalization of $13.00 billion, a PE ratio of 15.30, a P/E/G ratio of 1.25 and a beta of 0.55. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 2.72. Booz Allen Hamilton Holding Co. has a 52 week low of $101.82 and a 52 week high of $190.59.

Booz Allen Hamilton (NYSE:BAH) last released its earnings results 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, research analysts predict that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 14th will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.14%. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.51. The ex-dividend date is Friday, February 14th. Booz Allen Hamilton’s dividend payout ratio is presently 32.79%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on BAH shares. William Blair cut Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. StockNews.com lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. TD Cowen reduced their price target on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. JPMorgan Chase & Co. lowered 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 report on Monday, February 3rd. Finally, The Goldman Sachs Group cut their target price on Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Booz Allen Hamilton has a consensus rating of “Hold” and a consensus price target of $158.27.

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.