Booz Allen Hamilton Holding Co. (BAH) Stake Lessened by Canada Pension Plan Investment Board

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Canada Pension Plan Investment Board lessened its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 3.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 158,800 shares of the business services provider’s stock after selling 5,200 shares during the quarter. Canada Pension Plan Investment Board owned about 0.11% of Booz Allen Hamilton worth $7,881,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in BAH. SG Americas Securities LLC purchased a new stake in shares of Booz Allen Hamilton during the 2nd quarter valued at about $144,000. Steward Partners Investment Advisory LLC boosted its holdings in shares of Booz Allen Hamilton by 85.3% in the third quarter. Steward Partners Investment Advisory LLC now owns 3,814 shares of the business services provider’s stock worth $189,000 after buying an additional 1,756 shares during the last quarter. Fiduciary Trust Co. purchased a new position in shares of Booz Allen Hamilton in the second quarter worth approximately $208,000. Tower Research Capital LLC TRC purchased a new position in shares of Booz Allen Hamilton in the second quarter worth approximately $213,000. Finally, Greenleaf Trust purchased a new position in shares of Booz Allen Hamilton in the second quarter worth approximately $215,000. 93.38% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:BAH opened at $48.58 on Friday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 2.67. Booz Allen Hamilton Holding Co. has a 1-year low of $35.21 and a 1-year high of $52.88. The company has a market cap of $7.05 billion, a price-to-earnings ratio of 24.17, a PEG ratio of 1.30 and a beta of 1.13.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings results on Monday, October 29th. The business services provider reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.08. Booz Allen Hamilton had a net margin of 5.50% and a return on equity of 58.75%. The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the previous year, the firm earned $0.50 earnings per share. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, equities research analysts predict that Booz Allen Hamilton Holding Co. will post 2.64 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Wednesday, November 14th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend was Tuesday, November 13th. Booz Allen Hamilton’s dividend payout ratio is currently 37.81%.

BAH has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. Cowen reissued a “buy” rating and issued a $54.00 price objective on shares of Booz Allen Hamilton in a report on Monday, October 29th. Drexel Hamilton reissued a “hold” rating on shares of Booz Allen Hamilton in a report on Monday, October 29th. Raymond James raised their price objective on shares of Booz Allen Hamilton from $53.00 to $55.00 and gave the stock an “outperform” rating in a report on Monday, October 29th. Finally, Citigroup raised their price objective on shares of Booz Allen Hamilton from $46.00 to $52.00 and gave the stock a “neutral” rating in a report on Tuesday, October 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. Booz Allen Hamilton presently has an average rating of “Buy” and an average price target of $53.22.

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Booz Allen Hamilton Profile

Booz Allen Hamilton Holding Corporation provides management and technology consulting, engineering, analytics, digital, mission operations, and cyber solutions 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.

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

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