ExodusPoint Capital Management LP Makes New Investment in Booz Allen Hamilton Holding Co. (NYSE:BAH)

ExodusPoint Capital Management LP purchased a new stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 89,393 shares of the business services provider’s stock, valued at approximately $11,505,000. ExodusPoint Capital Management LP owned approximately 0.07% of Booz Allen Hamilton at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the stock. JPMorgan Chase & Co. lifted its position in shares of Booz Allen Hamilton by 12.5% during the 4th quarter. JPMorgan Chase & Co. now owns 4,518,386 shares of the business services provider’s stock valued at $581,516,000 after acquiring an additional 501,725 shares during the period. Geode Capital Management LLC lifted its position in Booz Allen Hamilton by 2.5% during the third quarter. Geode Capital Management LLC now owns 2,341,533 shares of the business services provider’s stock worth $381,898,000 after purchasing an additional 58,038 shares during the period. Norges Bank acquired a new stake in Booz Allen Hamilton during the fourth quarter worth about $196,578,000. Raymond James Financial Inc. bought a new position in Booz Allen Hamilton in the 4th quarter valued at about $173,055,000. Finally, Bank Julius Baer & Co. Ltd Zurich raised its position in shares of Booz Allen Hamilton by 11.8% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,342,528 shares of the business services provider’s stock valued at $184,347,000 after buying an additional 141,541 shares in the last quarter. 91.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on BAH shares. The Goldman Sachs Group reduced their price target on shares of 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. JPMorgan Chase & Co. decreased their price target on Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating on the stock in a research note on Monday, February 3rd. Barclays upgraded Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price objective for the company in a research report on Monday, January 6th. TD Cowen lowered their target price on 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. Finally, Wells Fargo & Company reduced 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 research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $158.27.

Booz Allen Hamilton Trading Down 2.4 %

Shares of NYSE BAH opened at $109.07 on Friday. The firm has a 50 day moving average price of $115.43 and a two-hundred day moving average price of $138.81. The stock has a market cap of $13.81 billion, a P/E ratio of 16.26, a price-to-earnings-growth ratio of 1.25 and a beta of 0.58. Booz Allen Hamilton Holding Co. has a 52-week low of $101.05 and a 52-week high of $190.59. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.57 and a current ratio of 1.57.

Booz Allen Hamilton (NYSE:BAH) last announced its earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.07. Booz Allen Hamilton had a return on equity of 68.97% and a net margin of 7.39%. As a group, equities 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 announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were issued a $0.55 dividend. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.51. This represents a $2.20 annualized dividend and a yield of 2.02%. Booz Allen Hamilton’s dividend 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.