Pensionfund Sabic Makes New Investment in Booz Allen Hamilton Holding Co. (NYSE:BAH)


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Pensionfund Sabic bought a new stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) in the first quarter, Holdings Channel.com reports. The fund bought 22,000 shares of the business services provider’s stock, valued at approximately $1,772,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Legacy Wealth Asset Management LLC purchased a new stake in shares of Booz Allen Hamilton during the fourth quarter valued at $234,000. DekaBank Deutsche Girozentrale boosted its stake in shares of Booz Allen Hamilton by 20.3% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 98,085 shares of the business services provider’s stock valued at $8,566,000 after purchasing an additional 16,562 shares during the period. Amundi Pioneer Asset Management Inc. boosted its stake in shares of Booz Allen Hamilton by 2.5% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 964,132 shares of the business services provider’s stock valued at $84,067,000 after purchasing an additional 23,878 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Booz Allen Hamilton during the fourth quarter valued at $728,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Booz Allen Hamilton by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,009,097 shares of the business services provider’s stock valued at $87,972,000 after purchasing an additional 28,726 shares during the period. 89.90% of the stock is owned by hedge funds and other institutional investors.

Shares of Booz Allen Hamilton stock opened at $82.23 on Thursday. The company has a market capitalization of $11.32 billion, a PE ratio of 22.41, a P/E/G ratio of 2.33 and a beta of 0.81. The company has a debt-to-equity ratio of 2.38, a quick ratio of 2.01 and a current ratio of 2.01. The company has a 50-day simple moving average of $79.35 and a two-hundred day simple moving average of $84.52. Booz Allen Hamilton Holding Co. has a one year low of $68.34 and a one year high of $100.26.

Booz Allen Hamilton (NYSE:BAH) last announced its earnings results on Thursday, January 28th. The business services provider reported $1.04 EPS for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.11. Booz Allen Hamilton had a net margin of 6.62% and a return on equity of 54.01%. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $2 billion. During the same period in the previous year, the company posted $0.80 earnings per share. The firm’s revenue was up 2.9% on a year-over-year basis. On average, equities analysts predict that Booz Allen Hamilton Holding Co. will post 3.74 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 2nd. Investors of record on Friday, February 12th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend was Thursday, February 11th. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.13. Booz Allen Hamilton’s dividend payout ratio is 46.54%.

In related news, EVP Elizabeth M. Thompson sold 15,000 shares of the stock in a transaction that occurred on Friday, January 8th. The shares were sold at an average price of $92.00, for a total value of $1,380,000.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.00% of the stock is currently owned by corporate insiders.

BAH has been the subject of a number of recent analyst reports. Barclays reissued an “overweight” rating on shares of Booz Allen Hamilton in a research note on Thursday, February 25th. Morgan Stanley lowered their target price on shares of Booz Allen Hamilton from $98.00 to $90.00 and set an “overweight” rating for the company in a research note on Thursday, February 25th. Finally, Cowen reaffirmed a “buy” rating on shares of Booz Allen Hamilton in a research note on Friday, February 5th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $85.11.

About Booz Allen Hamilton

Booz Allen Hamilton Holding Corp. engages in the provision of management and technology consulting services. It offers analytics, digital solutions, engineering, and cyber expertise. The company was founded by Edwin Booz in 1914 and is headquartered in McLean, VA.

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

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