Alberta Investment Management Corp Takes Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Alberta Investment Management Corp purchased a new position in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 29,400 shares of the business services provider's stock, valued at approximately $3,784,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BAH. Van ECK Associates Corp grew its stake in shares of Booz Allen Hamilton by 51.7% in the fourth quarter. Van ECK Associates Corp now owns 951,605 shares of the business services provider's stock worth $122,472,000 after acquiring an additional 324,159 shares during the last quarter. Westfield Capital Management Co. LP bought a new position in Booz Allen Hamilton in the 3rd quarter worth about $48,349,000. Caisse DE Depot ET Placement DU Quebec grew its position in Booz Allen Hamilton by 28.5% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,288,101 shares of the business services provider's stock valued at $209,651,000 after purchasing an additional 285,621 shares during the last quarter. FMR LLC increased its stake in Booz Allen Hamilton by 111.6% during the 3rd quarter. FMR LLC now owns 356,828 shares of the business services provider's stock valued at $58,077,000 after purchasing an additional 188,185 shares in the last quarter. Finally, KBC Group NV raised its holdings in Booz Allen Hamilton by 1,207.8% in the fourth quarter. KBC Group NV now owns 189,899 shares of the business services provider's stock worth $24,440,000 after buying an additional 175,378 shares during the last quarter. Institutional investors own 91.82% of the company's stock.

Booz Allen Hamilton Stock Performance

Shares of NYSE BAH traded down $1.36 during midday trading on Friday, hitting $112.27. 4,374,811 shares of the company's stock traded hands, compared to its average volume of 2,115,542. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.57 and a current ratio of 1.57. The stock has a market capitalization of $14.22 billion, a price-to-earnings ratio of 16.73, a price-to-earnings-growth ratio of 1.31 and a beta of 0.55. The firm has a fifty day moving average of $129.46 and a 200 day moving average of $147.76. Booz Allen Hamilton Holding Co. has a 1 year low of $106.69 and a 1 year high of $190.59.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last announced its earnings results on Friday, January 31st. The business services provider reported $1.55 EPS 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%. On average, analysts forecast that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.96%. The ex-dividend date is Friday, February 14th. This is a positive change from Booz Allen Hamilton's previous quarterly dividend of $0.51. Booz Allen Hamilton's payout ratio is currently 32.79%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on BAH shares. Raymond James raised shares of Booz Allen Hamilton from a "market perform" rating to an "outperform" rating and set a $150.00 price target for the company in a research report on Monday, February 3rd. Jefferies Financial Group downgraded Booz Allen Hamilton from a "buy" rating to a "hold" rating and increased their target price for the company from $180.00 to $190.00 in a research note on Monday, November 4th. Cantor Fitzgerald began coverage on Booz Allen Hamilton in a research note on Friday, February 7th. They issued an "overweight" rating and a $160.00 price target for the company. Truist Financial dropped their price objective on Booz Allen Hamilton from $185.00 to $155.00 and set a "hold" rating on the stock in a research report on Friday, November 22nd. Finally, UBS Group started coverage on Booz Allen Hamilton in a research report on Monday, December 2nd. They issued a "neutral" rating and a $159.00 target price for the company. 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 assigned a strong buy rating to the company. According to MarketBeat.com, Booz Allen Hamilton currently has an average rating of "Hold" and a consensus price target of $158.91.

Booz Allen Hamilton Company Profile

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.