Canada Pension Plan Investment Board Makes New Investment in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Canada Pension Plan Investment Board purchased a new stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,000 shares of the business services provider’s stock, valued at approximately $308,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new stake in Booz Allen Hamilton during the second quarter worth about $26,000. OFI Invest Asset Management acquired a new stake in shares of Booz Allen Hamilton in the 2nd quarter valued at $29,000. Banque Cantonale Vaudoise boosted its stake in Booz Allen Hamilton by 112.4% in the first quarter. Banque Cantonale Vaudoise now owns 206 shares of the business services provider’s stock valued at $31,000 after buying an additional 109 shares in the last quarter. MCF Advisors LLC grew its holdings in shares of Booz Allen Hamilton by 103.6% during the 1st quarter. MCF Advisors LLC now owns 226 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 115 shares during the last quarter. Finally, Innealta Capital LLC bought a new stake in shares of Booz Allen Hamilton during the second quarter worth $34,000. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Booz Allen Hamilton news, CFO Matthew Calderone sold 3,865 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $160.00, for a total value of $618,400.00. Following the transaction, the chief financial officer now directly owns 33,683 shares of the company’s stock, valued at $5,389,280. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CFO Matthew Calderone sold 3,865 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $160.00, for a total transaction of $618,400.00. Following the completion of the sale, the chief financial officer now owns 33,683 shares of the company’s stock, valued at approximately $5,389,280. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Melody C. Barnes sold 1,041 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $143.31, for a total transaction of $149,185.71. Following the transaction, the director now owns 18,123 shares in the company, valued at approximately $2,597,207.13. The disclosure for this sale can be found here. 1.59% of the stock is currently owned by insiders.

Booz Allen Hamilton Stock Up 1.5 %

Booz Allen Hamilton stock opened at $162.05 on Friday. The firm has a 50 day moving average price of $152.43 and a two-hundred day moving average price of $151.16. The company has a debt-to-equity ratio of 3.07, a quick ratio of 1.55 and a current ratio of 1.55. Booz Allen Hamilton Holding Co. has a 52-week low of $108.64 and a 52-week high of $164.43. The firm has a market cap of $20.96 billion, a price-to-earnings ratio of 35.23, a PEG ratio of 2.30 and a beta of 0.59.

Booz Allen Hamilton (NYSE:BAH) last released its earnings results on Friday, July 26th. The business services provider reported $1.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.14). The firm had revenue of $2.94 billion during the quarter, compared to analyst estimates of $2.92 billion. Booz Allen Hamilton had a net margin of 5.57% and a return on equity of 65.80%. Equities analysts predict that Booz Allen Hamilton Holding Co. will post 5.96 EPS for the current year.

Booz Allen Hamilton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 14th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $2.04 annualized dividend and a dividend yield of 1.26%. Booz Allen Hamilton’s payout ratio is 44.35%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BAH. Wells Fargo & Company upgraded Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and dropped their price target for the company from $168.00 to $165.00 in a research note on Monday, July 29th. Barclays dropped their target price on Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating for the company in a research report on Tuesday, July 30th. TD Cowen reduced their price target on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Monday, July 29th. JPMorgan Chase & Co. upped their price objective on Booz Allen Hamilton from $136.00 to $154.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Finally, StockNews.com lowered shares of Booz Allen Hamilton from a “hold” rating to a “sell” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $159.33.

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.