Booz Allen Hamilton Holding Corporation (NYSE:BAH) Shares Acquired by Alberta Investment Management Corp

Key Points

• Alberta Investment Management Corp increased its stake in Booz Allen Hamilton by 27.9%, owning 37,600 shares valued at $3.93 million as of the last quarter.
• Several institutional investors, including MassMutual Private Wealth and Versant Capital Management, significantly raised their positions in Booz Allen Hamilton, reflecting growing interest in the stock.
• Booz Allen Hamilton recently reported earnings of $1.48 per share, slightly surpassing analysts' expectations, and announced a quarterly dividend of $0.55 per share, representing a 2.0% yield.

Alberta Investment Management Corp grew its stake in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 27.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 37,600 shares of the business services provider's stock after purchasing an additional 8,200 shares during the period. Alberta Investment Management Corp's holdings in Booz Allen Hamilton were worth $3,932,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in BAH. Janus Henderson Group PLC grew its position in Booz Allen Hamilton by 179.7% during the fourth quarter. Janus Henderson Group PLC now owns 1,767,129 shares of the business services provider's stock worth $227,425,000 after buying an additional 1,135,426 shares during the period. Man Group plc boosted its stake in shares of Booz Allen Hamilton by 2,293.2% during the 4th quarter. Man Group plc now owns 1,128,389 shares of the business services provider's stock worth $145,224,000 after acquiring an additional 1,081,239 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Booz Allen Hamilton by 61.4% in the 4th quarter. Bank of America Corp DE now owns 1,552,217 shares of the business services provider's stock worth $199,770,000 after acquiring an additional 590,655 shares during the period. Pacer Advisors Inc. purchased a new position in Booz Allen Hamilton in the 1st quarter valued at approximately $59,148,000. Finally, Renaissance Technologies LLC increased its stake in Booz Allen Hamilton by 1,111.3% in the 4th quarter. Renaissance Technologies LLC now owns 606,794 shares of the business services provider's stock valued at $78,094,000 after purchasing an additional 556,700 shares in the last quarter. 91.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on the company. William Blair raised Booz Allen Hamilton from a "market perform" rating to an "outperform" rating in a report on Monday, July 21st. Wall Street Zen lowered shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Truist Financial dropped their target price on shares of Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating for the company in a report on Monday, April 14th. JPMorgan Chase & Co. upped their price target on shares of Booz Allen Hamilton from $115.00 to $122.00 and gave the company an "underweight" rating in a report on Monday, July 28th. Finally, The Goldman Sachs Group downgraded Booz Allen Hamilton from a "neutral" rating to a "sell" rating and cut their price objective for the stock from $108.00 to $94.00 in a research report on Wednesday, May 28th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $134.00.

Booz Allen Hamilton Trading Up 0.1%

BAH stock traded up $0.15 during midday trading on Tuesday, hitting $111.58. The stock had a trading volume of 1,629,772 shares, compared to its average volume of 2,109,040. Booz Allen Hamilton Holding Corporation has a 12-month low of $98.95 and a 12-month high of $190.59. The firm has a market cap of $13.75 billion, a PE ratio of 13.71, a price-to-earnings-growth ratio of 1.74 and a beta of 0.47. The company's 50-day moving average price is $105.95 and its 200 day moving average price is $113.48. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.78 and a quick ratio of 1.78.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last announced its quarterly earnings data on Friday, July 25th. The business services provider reported $1.48 EPS for the quarter, beating analysts' consensus estimates of $1.45 by $0.03. Booz Allen Hamilton had a return on equity of 73.05% and a net margin of 8.70%. The business had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter in the previous year, the business earned $1.38 earnings per share. The business's revenue for the quarter was down .6% on a year-over-year basis. On average, equities research analysts predict that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Thursday, August 14th will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Thursday, August 14th. Booz Allen Hamilton's dividend payout ratio is presently 27.03%.

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.