Ontario Teachers Pension Plan Board Acquires Shares of 10,053 Booz Allen Hamilton Holding Co. (NYSE:BAH)

Ontario Teachers Pension Plan Board bought a new position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,053 shares of the business services provider’s stock, valued at approximately $1,294,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in shares of Booz Allen Hamilton by 12.5% in the 4th quarter. JPMorgan Chase & Co. now owns 4,518,386 shares of the business services provider’s stock worth $581,516,000 after purchasing an additional 501,725 shares during the last quarter. Norges Bank acquired a new position in Booz Allen Hamilton in the fourth quarter valued at about $196,578,000. Raymond James Financial Inc. bought a new position in Booz Allen Hamilton during the fourth quarter worth about $173,055,000. Bank Julius Baer & Co. Ltd Zurich grew its position in shares of Booz Allen Hamilton by 11.8% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,342,528 shares of the business services provider’s stock worth $184,347,000 after buying an additional 141,541 shares during the period. Finally, Alliancebernstein L.P. increased its stake in shares of Booz Allen Hamilton by 78.8% in the 4th quarter. Alliancebernstein L.P. now owns 1,033,475 shares of the business services provider’s stock valued at $133,008,000 after acquiring an additional 455,605 shares during the last quarter. 91.82% of the stock is owned by institutional investors.

Booz Allen Hamilton Price Performance

Shares of NYSE BAH opened at $110.38 on Wednesday. Booz Allen Hamilton Holding Co. has a fifty-two week low of $101.05 and a fifty-two week high of $190.59. The stock has a market capitalization of $13.98 billion, a price-to-earnings ratio of 16.45, a PEG ratio of 1.25 and a beta of 0.58. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.57 and a quick ratio of 1.57. The business has a 50-day moving average of $111.58 and a 200-day moving average of $135.70.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.07. Booz Allen Hamilton had a return on equity of 68.97% and a net margin of 7.39%. As a group, sell-side analysts predict that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.51. Booz Allen Hamilton’s dividend payout ratio (DPR) is 32.79%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on BAH shares. Raymond James upgraded shares of Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 price objective for the company in a report on Monday, February 3rd. Truist Financial lowered their price objective on shares of Booz Allen Hamilton from $142.00 to $110.00 and set a “hold” rating for the company in a research report on Monday. The Goldman Sachs Group reiterated a “neutral” rating and set a $109.00 target price (down from $150.00) on shares of Booz Allen Hamilton in a report on Friday, April 11th. Barclays upgraded Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price target for the company in a report on Monday, January 6th. Finally, Cantor Fitzgerald upgraded Booz Allen Hamilton to a “strong-buy” rating in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Booz Allen Hamilton presently has a consensus rating of “Hold” and a consensus target price of $146.45.

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.