Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp raised its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 604.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,564 shares of the business services provider's stock after purchasing an additional 38,240 shares during the period. Mackenzie Financial Corp's holdings in Booz Allen Hamilton were worth $5,735,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in BAH. Barclays PLC grew its holdings in shares of Booz Allen Hamilton by 17.1% during the third quarter. Barclays PLC now owns 101,365 shares of the business services provider's stock valued at $16,497,000 after buying an additional 14,826 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Booz Allen Hamilton by 1,500.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 6,401 shares of the business services provider's stock valued at $824,000 after buying an additional 6,001 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Booz Allen Hamilton by 25.7% during the fourth quarter. SG Americas Securities LLC now owns 894 shares of the business services provider's stock valued at $115,000 after buying an additional 183 shares during the last quarter. PFG Investments LLC purchased a new stake in shares of Booz Allen Hamilton during the fourth quarter valued at $231,000. Finally, Blue Trust Inc. grew its holdings in shares of Booz Allen Hamilton by 133.8% during the fourth quarter. Blue Trust Inc. now owns 6,566 shares of the business services provider's stock valued at $845,000 after buying an additional 3,758 shares during the last quarter. 91.82% of the stock is owned by institutional investors and hedge funds.

Booz Allen Hamilton Stock Performance

BAH traded down $2.89 on Monday, reaching $103.36. The company had a trading volume of 2,564,964 shares, compared to its average volume of 1,641,250. 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 market capitalization of $12.84 billion, a PE ratio of 15.40, a P/E/G ratio of 1.25 and a beta of 0.56. Booz Allen Hamilton Holding Co. has a 1 year low of $101.05 and a 1 year high of $190.59. The stock has a 50-day moving average price of $115.13 and a 200-day moving average price of $123.31.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its quarterly earnings data on Friday, May 23rd. The business services provider reported $1.61 EPS for the quarter, beating analysts' consensus estimates of $1.59 by $0.02. The company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $3.03 billion. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. Booz Allen Hamilton's quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.33 earnings per share. As a group, research analysts forecast that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Wednesday, June 11th will be paid a dividend of $0.55 per share. The ex-dividend date is Wednesday, June 11th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.13%. Booz Allen Hamilton's dividend payout ratio (DPR) is 30.34%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on BAH shares. Truist Financial dropped 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 report on Monday, April 14th. Barclays lowered their price target on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an "equal weight" rating on the stock in a report on Wednesday, May 28th. Raymond James reaffirmed a "market perform" rating on shares of Booz Allen Hamilton in a report on Friday, May 23rd. Wells Fargo & Company lowered their price target on shares of Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. Finally, Wall Street Zen lowered shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $136.90.

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.