Connor Clark & Lunn Investment Management Ltd. Has $253,000 Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Posted by Defense World Staff on Aug 28th, 2023

Connor Clark & Lunn Investment Management Ltd. decreased its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH – Free Report) by 32.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,731 shares of the business services provider’s stock after selling 1,320 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Booz Allen Hamilton were worth $253,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BAH. Spire Wealth Management raised its position in shares of Booz Allen Hamilton by 54.8% during the first quarter. Spire Wealth Management now owns 511 shares of the business services provider’s stock valued at $47,000 after buying an additional 181 shares during the last quarter. Aptus Capital Advisors LLC raised its position in shares of Booz Allen Hamilton by 11.2% during the first quarter. Aptus Capital Advisors LLC now owns 36,971 shares of the business services provider’s stock valued at $3,427,000 after buying an additional 3,738 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Booz Allen Hamilton by 448.7% during the first quarter. Tower Research Capital LLC TRC now owns 6,063 shares of the business services provider’s stock valued at $562,000 after buying an additional 4,958 shares during the last quarter. ING Groep NV acquired a new position in shares of Booz Allen Hamilton during the first quarter valued at about $1,650,000. Finally, Black Creek Investment Management Inc. raised its position in shares of Booz Allen Hamilton by 72.1% during the first quarter. Black Creek Investment Management Inc. now owns 1,985,243 shares of the business services provider’s stock valued at $184,012,000 after buying an additional 831,829 shares during the last quarter. Institutional investors and hedge funds own 89.45% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on BAH shares. Truist Financial upped their price objective on shares of Booz Allen Hamilton from $106.00 to $120.00 and gave the company a “hold” rating in a research report on Monday, July 31st. TD Cowen raised their price target on shares of Booz Allen Hamilton from $123.00 to $144.00 and gave the stock an “outperform” rating in a research note on Monday, July 31st. StockNews.com began coverage on shares of Booz Allen Hamilton in a research note on Thursday, August 17th. They set a “hold” rating for the company. Barclays raised their price target on shares of Booz Allen Hamilton from $108.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Monday, July 31st. Finally, Stifel Nicolaus raised their price target on shares of Booz Allen Hamilton from $125.00 to $127.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $119.00.

Check Out Our Latest Research Report on Booz Allen Hamilton

Insider Transactions at Booz Allen Hamilton

In other news, EVP Susan L. Penfield sold 22,600 shares of Booz Allen Hamilton stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $100.78, for a total transaction of $2,277,628.00. Following the transaction, the executive vice president now directly owns 19,793 shares of the company’s stock, valued at $1,994,738.54. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, EVP Susan L. Penfield sold 22,600 shares of the business’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $100.78, for a total value of $2,277,628.00. Following the sale, the executive vice president now directly owns 19,793 shares of the company’s stock, valued at approximately $1,994,738.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ralph W. Shrader sold 100,000 shares of the business’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $120.56, for a total transaction of $12,056,000.00. Following the completion of the sale, the director now directly owns 811,090 shares in the company, valued at $97,785,010.40. The disclosure for this sale can be found here. Insiders have sold a total of 221,744 shares of company stock valued at $25,289,669 over the last three months. 1.76% of the stock is currently owned by corporate insiders.

Booz Allen Hamilton Price Performance

Shares of BAH stock opened at $114.54 on Monday. Booz Allen Hamilton Holding Co. has a 52-week low of $87.99 and a 52-week high of $125.19. The stock has a market cap of $15.01 billion, a PE ratio of 51.83, a PEG ratio of 2.24 and a beta of 0.61. The company has a debt-to-equity ratio of 2.71, a quick ratio of 1.21 and a current ratio of 1.21. The firm’s 50 day moving average price is $115.28 and its two-hundred day moving average price is $102.51.

Booz Allen Hamilton (NYSE:BAH – Get Free Report) last announced its quarterly earnings data on Friday, July 28th. The business services provider reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.22. The firm had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Booz Allen Hamilton had a net margin of 3.05% and a return on equity of 58.40%. As a group, analysts forecast that Booz Allen Hamilton Holding Co. will post 5.03 EPS for the current year.

Booz Allen Hamilton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be given a dividend of $0.47 per share. The ex-dividend date is Monday, August 14th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.64%. Booz Allen Hamilton’s dividend payout ratio is 85.07%.

Booz Allen Hamilton Company Profile

(Free Report)

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 also focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.