Canada Pension Plan Investment Board Acquires 71,300 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Canada Pension Plan Investment Board increased its position in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 2,228.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,500 shares of the business services provider's stock after purchasing 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 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in 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. Norges Bank bought a new position in Booz Allen Hamilton during the fourth quarter valued at approximately $196,578,000. Raymond James Financial Inc. purchased a new stake in Booz Allen Hamilton in the fourth quarter worth approximately $173,055,000. Bank Julius Baer & Co. Ltd Zurich grew its position in 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 worth $184,347,000 after purchasing an additional 141,541 shares during the period. Finally, Alliancebernstein L.P. raised its stake in Booz Allen Hamilton by 78.8% during 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 buying an additional 455,605 shares during the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.

Booz Allen Hamilton Price Performance

NYSE:BAH traded up $0.41 on Friday, reaching $119.74. 1,706,677 shares of the company's stock traded hands, compared to its average volume of 1,525,791. The firm has a market cap of $15.16 billion, a PE ratio of 17.85, a P/E/G ratio of 1.25 and a beta of 0.58. 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 stock has a 50-day simple moving average of $110.52 and a 200-day simple moving average of $132.94. 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 - Get Free Report) last issued its earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating 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%. Equities research 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 disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from Booz Allen Hamilton's previous quarterly dividend of $0.51. Booz Allen Hamilton's dividend payout ratio is 32.79%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $109.00 price objective (down previously from $150.00) on shares of Booz Allen Hamilton in a report on Friday, April 11th. TD Cowen lowered their price objective 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. Wells Fargo & Company cut their target price on shares of Booz Allen Hamilton from $164.00 to $148.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Truist Financial decreased their price target 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 report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $146.45.

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.