Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Bought by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board boosted its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 2,228.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 74,500 shares of the business services provider's stock after buying an additional 71,300 shares during the period. Canada Pension Plan Investment Board owned approximately 0.06% of Booz Allen Hamilton worth $9,588,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in shares of Booz Allen Hamilton by 12.5% in the fourth quarter. JPMorgan Chase & Co. now owns 4,518,386 shares of the business services provider's stock valued at $581,516,000 after purchasing an additional 501,725 shares in the last quarter. Norges Bank purchased a new position in shares of Booz Allen Hamilton in the 4th quarter worth $196,578,000. Raymond James Financial Inc. purchased a new position in shares of Booz Allen Hamilton in the 4th quarter worth $173,055,000. Bank Julius Baer & Co. Ltd Zurich raised its position in shares of Booz Allen Hamilton by 11.8% during 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. Finally, Alliancebernstein L.P. lifted its holdings in shares of Booz Allen Hamilton by 78.8% in the 4th quarter. Alliancebernstein L.P. now owns 1,033,475 shares of the business services provider's stock valued at $133,008,000 after acquiring an additional 455,605 shares during the last quarter. Hedge funds and other institutional investors own 91.82% of the company's stock.

Analyst Upgrades and Downgrades

BAH has been the topic of several analyst reports. Raymond James raised Booz Allen Hamilton from a "market perform" rating to an "outperform" rating and set a $150.00 price objective on the stock in a research note on Monday, February 3rd. JPMorgan Chase & Co. cut their target price on Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 15th. Barclays upgraded Booz Allen Hamilton from an "underweight" rating to an "equal weight" rating and set a $140.00 price target for the company in a research report on Monday, January 6th. Truist Financial cut their price objective on shares of Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Finally, Cantor Fitzgerald raised shares of Booz Allen Hamilton to a "strong-buy" rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Booz Allen Hamilton has a consensus rating of "Hold" and a consensus price target of $146.45.

Booz Allen Hamilton Stock Up 0.3 %

Shares of NYSE BAH traded up $0.41 during trading hours on Friday, hitting $119.74. 1,706,677 shares of the stock were exchanged, compared to its average volume of 1,517,120. The company has a market cap of $15.16 billion, a PE ratio of 17.85, a PEG ratio of 1.25 and a beta of 0.58. Booz Allen Hamilton Holding Co. has a 12 month low of $101.05 and a 12 month high of $190.59. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 2.72. The firm has a fifty day moving average price of $110.51 and a 200-day moving average price of $133.60.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping 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, sell-side analysts expect 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 paid 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 dividend on an annualized basis and a yield of 1.84%. Booz Allen Hamilton's dividend payout ratio (DPR) is 32.79%.

Booz Allen Hamilton 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.