Mackenzie Financial Corp Sells 33,534 Shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Key Points

• Mackenzie Financial Corp has significantly reduced its stake in Booz Allen Hamilton, selling 33,534 shares and trimming its holdings by 75.2%, which now amount to 11,030 shares valued at approximately $1.15 million.
• Multiple large investors have recently increased their positions in Booz Allen Hamilton, with 91.82% of the stock currently owned by institutional investors.
• Booz Allen Hamilton plans to pay a quarterly dividend of $0.55 per share on August 29th, resulting in an annualized yield of 2.0%.

Mackenzie Financial Corp trimmed its holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 75.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,030 shares of the business services provider's stock after selling 33,534 shares during the period. Mackenzie Financial Corp's holdings in Booz Allen Hamilton were worth $1,154,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Janus Henderson Group PLC boosted 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 valued at $227,425,000 after purchasing an additional 1,135,426 shares during the last quarter. Man Group plc raised 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 purchasing an additional 1,081,239 shares in the last quarter. Bank of America Corp DE boosted 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 valued at $199,770,000 after buying an additional 590,655 shares during the last quarter. Pacer Advisors Inc. bought a new position in shares of Booz Allen Hamilton in the first quarter valued at $59,148,000. Finally, Renaissance Technologies LLC increased its holdings in Booz Allen Hamilton by 1,111.3% during the fourth quarter. Renaissance Technologies LLC now owns 606,794 shares of the business services provider's stock worth $78,094,000 after buying an additional 556,700 shares during the last quarter. 91.82% of the stock is currently owned by institutional investors.

Booz Allen Hamilton Price Performance

Shares of NYSE BAH traded down $0.34 during mid-day trading on Friday, reaching $110.45. 1,300,553 shares of the company were exchanged, compared to its average volume of 2,339,281. Booz Allen Hamilton Holding Corporation has a 52 week low of $98.95 and a 52 week high of $190.59. The stock has a market capitalization of $13.61 billion, a PE ratio of 13.57, a PEG ratio of 1.75 and a beta of 0.47. The company's 50 day moving average price is $106.20 and its 200 day moving average price is $113.29. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 3.66.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its quarterly earnings results on Friday, July 25th. The business services provider reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.03. The company had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.96 billion. Booz Allen Hamilton had a return on equity of 73.05% and a net margin of 8.70%. The firm's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.38 EPS. Sell-side analysts forecast 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 declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Thursday, August 14th will be given a $0.55 dividend. The ex-dividend date is Thursday, August 14th. This represents a $2.20 dividend on an annualized basis and a yield of 2.0%. Booz Allen Hamilton's dividend payout ratio (DPR) is currently 27.03%.

Analyst Ratings Changes

BAH has been the subject of a number of analyst reports. Wells Fargo & Company decreased their price objective on shares of Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating for the company in a research report on Friday, May 23rd. Wall Street Zen downgraded Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Barclays cut their price objective on Booz Allen Hamilton from $140.00 to $120.00 and set an "equal weight" rating for the company in a research report on Wednesday, May 28th. William Blair upgraded Booz Allen Hamilton from a "market perform" rating to an "outperform" rating in a research note on Monday, July 21st. Finally, UBS Group set a $119.00 price target on Booz Allen Hamilton and gave the company a "neutral" rating in a report on Monday, July 28th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $134.00.

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.