Zurcher Kantonalbank Zurich Cantonalbank Purchases 1,688 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 3.5% in the 2nd quarter, Holdings Channel reports. The fund owned 49,541 shares of the business services provider’s stock after acquiring an additional 1,688 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Booz Allen Hamilton were worth $7,624,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BAH. Norges Bank bought a new position in shares of Booz Allen Hamilton in the 4th quarter worth approximately $188,129,000. AGF Management Ltd. increased its position in Booz Allen Hamilton by 40.8% during the 4th quarter. AGF Management Ltd. now owns 1,089,265 shares of the business services provider’s stock valued at $139,328,000 after buying an additional 315,495 shares in the last quarter. Captrust Financial Advisors increased its position in Booz Allen Hamilton by 29.4% during the 1st quarter. Captrust Financial Advisors now owns 1,076,130 shares of the business services provider’s stock valued at $159,741,000 after buying an additional 244,391 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Booz Allen Hamilton by 2.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,406,880 shares of the business services provider’s stock valued at $1,544,798,000 after buying an additional 222,884 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in Booz Allen Hamilton by 279.7% during the 1st quarter. Van ECK Associates Corp now owns 265,492 shares of the business services provider’s stock valued at $39,410,000 after buying an additional 195,578 shares in the last quarter. Institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Stock Performance

Shares of BAH stock traded down $0.08 on Friday, reaching $157.29. The stock had a trading volume of 110,428 shares, compared to its average volume of 668,732. The stock has a market cap of $20.34 billion, a P/E ratio of 34.16, a price-to-earnings-growth ratio of 2.06 and a beta of 0.57. Booz Allen Hamilton Holding Co. has a 1 year low of $106.90 and a 1 year high of $164.43. The company has a debt-to-equity ratio of 3.07, a quick ratio of 1.62 and a current ratio of 1.55. The company has a 50 day simple moving average of $151.93 and a 200 day simple moving average of $149.69.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings results on Friday, July 26th. The business services provider reported $1.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.14). The firm had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $2.92 billion. Booz Allen Hamilton had a return on equity of 65.80% and a net margin of 5.57%. Equities research analysts expect that Booz Allen Hamilton Holding Co. will post 5.97 EPS for the current year.

Booz Allen Hamilton Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Wednesday, August 14th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $2.04 dividend on an annualized basis and a yield of 1.30%. Booz Allen Hamilton’s dividend payout ratio is currently 44.35%.

Analyst Upgrades and Downgrades

BAH has been the subject of a number of analyst reports. Truist Financial reduced their price objective on Booz Allen Hamilton from $160.00 to $140.00 and set a “hold” rating for the company in a research report on Monday, July 29th. Jefferies Financial Group raised their price objective on Booz Allen Hamilton from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. JPMorgan Chase & Co. increased their target price 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. Barclays cut their target price on Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating on the stock in a research note on Tuesday, July 30th. Finally, TD Cowen cut their target price on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating on the stock in a research note on Monday, July 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.56.

Insider Buying and Selling

In related news, Director Melody C. Barnes sold 1,041 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $143.31, for a total value of $149,185.71. Following the transaction, the director now directly owns 18,123 shares of the company’s stock, valued at approximately $2,597,207.13. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Booz Allen Hamilton news, EVP Richard Crowe sold 1,006 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $151.96, for a total transaction of $152,871.76. Following the sale, the executive vice president now directly owns 29,739 shares of the company’s stock, valued at $4,519,138.44. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Melody C. Barnes sold 1,041 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $143.31, for a total value of $149,185.71. Following the sale, the director now directly owns 18,123 shares in the company, valued at $2,597,207.13. The disclosure for this sale can be found here. 1.59% of the stock is owned by insiders.

About Booz Allen Hamilton

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.