Cibc World Market Inc. Takes Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Cibc World Market Inc. bought a new position in Booz Allen Hamilton Holding Co. (NYSE:BAHGet Rating) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,231 shares of the business services provider’s stock, valued at approximately $202,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Argent Capital Management LLC increased its position in shares of Booz Allen Hamilton by 2,570.9% in the second quarter. Argent Capital Management LLC now owns 864,188 shares of the business services provider’s stock valued at $78,088,000 after acquiring an additional 831,832 shares during the period. Close Asset Management Ltd purchased a new position in Booz Allen Hamilton during the 2nd quarter valued at about $56,664,000. Lord Abbett & CO. LLC raised its position in Booz Allen Hamilton by 166.6% during the 1st quarter. Lord Abbett & CO. LLC now owns 900,240 shares of the business services provider’s stock valued at $79,077,000 after purchasing an additional 562,566 shares during the last quarter. 1832 Asset Management L.P. lifted its holdings in Booz Allen Hamilton by 13.1% in the 1st quarter. 1832 Asset Management L.P. now owns 3,124,091 shares of the business services provider’s stock worth $270,648,000 after buying an additional 360,700 shares during the period. Finally, APG Asset Management N.V. grew its position in shares of Booz Allen Hamilton by 48.6% in the 1st quarter. APG Asset Management N.V. now owns 1,098,730 shares of the business services provider’s stock worth $86,741,000 after buying an additional 359,363 shares during the last quarter. 86.85% of the stock is currently owned by institutional investors.

Booz Allen Hamilton Price Performance

Shares of NYSE BAH opened at $106.11 on Friday. The company has a 50 day simple moving average of $101.02 and a two-hundred day simple moving average of $94.18. Booz Allen Hamilton Holding Co. has a fifty-two week low of $69.68 and a fifty-two week high of $112.55. The company has a market capitalization of $14.03 billion, a price-to-earnings ratio of 26.93, a P/E/G ratio of 2.71 and a beta of 0.67. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.81 and a current ratio of 1.81.

Booz Allen Hamilton (NYSE:BAHGet Rating) last posted its quarterly earnings data on Friday, October 28th. The business services provider reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.21. Booz Allen Hamilton had a return on equity of 52.33% and a net margin of 6.00%. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same quarter last year, the company earned $1.26 EPS. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. Analysts expect that Booz Allen Hamilton Holding Co. will post 4.45 EPS for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Tuesday, November 15th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend is Monday, November 14th. Booz Allen Hamilton’s payout ratio is 43.65%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BAH. Stifel Nicolaus raised their price target on Booz Allen Hamilton from $102.00 to $105.00 and gave the stock a “buy” rating in a research note on Tuesday, September 13th. Raymond James cut shares of Booz Allen Hamilton from an “outperform” rating to a “market perform” rating and set a $99.00 target price for the company. in a research report on Wednesday, October 19th. Truist Financial boosted their price target on shares of Booz Allen Hamilton from $100.00 to $106.00 and gave the company a “hold” rating in a research report on Monday, October 31st. Morgan Stanley raised their price objective on shares of Booz Allen Hamilton from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Tuesday, August 2nd. Finally, StockNews.com upgraded Booz Allen Hamilton from a “hold” rating to a “buy” rating in a report on Friday, November 18th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $101.70.

Insider Activity at Booz Allen Hamilton

In other Booz Allen Hamilton news, Director Melody C. Barnes sold 1,806 shares of Booz Allen Hamilton stock in a transaction dated Monday, September 26th. The shares were sold at an average price of $92.94, for a total value of $167,849.64. Following the completion of the transaction, the director now directly owns 16,792 shares of the company’s stock, valued at $1,560,648.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Lloyd Howell, Jr. sold 5,033 shares of the company’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $97.00, for a total transaction of $488,201.00. Following the transaction, the chief financial officer now directly owns 164,746 shares of the company’s stock, valued at $15,980,362. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Melody C. Barnes sold 1,806 shares of Booz Allen Hamilton stock in a transaction dated Monday, September 26th. The stock was sold at an average price of $92.94, for a total value of $167,849.64. Following the completion of the sale, the director now owns 16,792 shares of the company’s stock, valued at $1,560,648.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,484 shares of company stock valued at $2,482,894. 2.23% of the stock is owned by insiders.

About Booz Allen Hamilton

(Get Rating)

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. The company offers consulting solutions for various domains, business strategies, human capital, and operations.

Read More

Institutional Ownership by Quarter for Booz Allen Hamilton (NYSE:BAH)

Receive News & Ratings for Booz Allen Hamilton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Booz Allen Hamilton and related companies with MarketBeat.com's FREE daily email newsletter.