Franklin Resources Inc. Has $14.15 Million Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Franklin Resources Inc. grew its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 25.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 109,943 shares of the business services provider’s stock after buying an additional 22,336 shares during the period. Franklin Resources Inc.’s holdings in Booz Allen Hamilton were worth $14,150,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Moody Aldrich Partners LLC raised its position in Booz Allen Hamilton by 4.7% during 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 in the last quarter. Bleakley Financial Group LLC increased its holdings in shares of Booz Allen Hamilton by 4.3% during the 4th quarter. Bleakley Financial Group LLC now owns 1,816 shares of the business services provider’s stock worth $234,000 after purchasing an additional 75 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its holdings in Booz Allen Hamilton by 2.0% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,160 shares of the business services provider’s stock valued at $535,000 after acquiring an additional 82 shares in the last quarter. M&T Bank Corp lifted its position in shares of Booz Allen Hamilton by 0.9% in the 4th quarter. M&T Bank Corp now owns 10,171 shares of the business services provider’s stock worth $1,309,000 after acquiring an additional 88 shares during the period. Finally, Verdence Capital Advisors LLC raised its stake in shares of Booz Allen Hamilton by 0.5% in the fourth quarter. Verdence Capital Advisors LLC now owns 16,579 shares of the business services provider’s stock valued at $2,134,000 after purchasing an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Analyst Ratings Changes

BAH has been the subject of several recent research reports. Wells Fargo & Company dropped their price target on shares of Booz Allen Hamilton from $180.00 to $164.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. Barclays raised Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price target for the company in a report on Monday, January 6th. JPMorgan Chase & Co. reduced their price objective on Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating on the stock in a report on Monday, February 3rd. William Blair lowered shares of Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. Finally, Raymond James upgraded Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 price objective for the company in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $158.27.

Booz Allen Hamilton Trading Down 1.8 %

BAH opened at $107.24 on Tuesday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.72. The stock has a market capitalization of $13.58 billion, a P/E ratio of 15.98, a P/E/G ratio of 1.25 and a beta of 0.58. The firm’s fifty day simple moving average is $114.87 and its 200 day simple moving average is $138.24. 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 released its earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates 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, research analysts anticipate 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 was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.05%. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.51. The ex-dividend date was Friday, February 14th. Booz Allen Hamilton’s payout ratio is presently 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.