Zurcher Kantonalbank Zurich Cantonalbank Has $9.20 Million Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 14.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 56,508 shares of the business services provider’s stock after buying an additional 6,967 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Booz Allen Hamilton were worth $9,197,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. AGF Management Ltd. increased its stake in shares of Booz Allen Hamilton by 63.4% during the 2nd quarter. AGF Management Ltd. now owns 1,750,610 shares of the business services provider’s stock worth $269,419,000 after purchasing an additional 679,280 shares during the last quarter. Westfield Capital Management Co. LP bought a new position in Booz Allen Hamilton during the third quarter valued at about $48,349,000. Acadian Asset Management LLC lifted its position in shares of Booz Allen Hamilton by 184.0% in the second quarter. Acadian Asset Management LLC now owns 335,463 shares of the business services provider’s stock worth $51,613,000 after buying an additional 217,349 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of Booz Allen Hamilton by 75.3% in the second quarter. Van ECK Associates Corp now owns 465,363 shares of the business services provider’s stock worth $71,619,000 after buying an additional 199,871 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of Booz Allen Hamilton by 111.6% during the 3rd quarter. FMR LLC now owns 356,828 shares of the business services provider’s stock worth $58,077,000 after acquiring an additional 188,185 shares in the last quarter. Institutional investors own 91.82% of the company’s stock.

Insider Transactions at Booz Allen Hamilton

In related news, CFO Matthew Calderone sold 3,865 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $160.00, for a total value of $618,400.00. Following the sale, the chief financial officer now owns 33,683 shares of the company’s stock, valued at $5,389,280. The trade was a 10.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Richard Crowe sold 4,243 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $165.00, for a total transaction of $700,095.00. Following the transaction, the executive vice president now owns 25,496 shares of the company’s stock, valued at approximately $4,206,840. This represents a 14.27 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,173 shares of company stock valued at $1,989,220. 1.59% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BAH shares. Barclays upped their target price on Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. The Goldman Sachs Group raised their target price on shares of Booz Allen Hamilton from $174.00 to $196.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. lowered shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and boosted their target price for the stock from $154.00 to $158.00 in a research report on Wednesday, October 2nd. StockNews.com downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, Wells Fargo & Company cut their price objective on Booz Allen Hamilton from $206.00 to $177.00 and set an “overweight” rating for the company in a research report on Tuesday, November 26th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $173.25.

Booz Allen Hamilton Stock Up 0.6 %

Shares of BAH opened at $148.18 on Monday. Booz Allen Hamilton Holding Co. has a 52 week low of $123.17 and a 52 week high of $190.59. The firm has a market capitalization of $18.93 billion, a P/E ratio of 23.26, a P/E/G ratio of 1.78 and a beta of 0.58. The company has a 50-day simple moving average of $163.86 and a 200-day simple moving average of $156.74. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.56 and a current ratio of 1.56.

Booz Allen Hamilton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th will be given a $0.51 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.38%. Booz Allen Hamilton’s dividend payout ratio is currently 32.03%.

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.