California Public Employees Retirement System Sells 11,870 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

California Public Employees Retirement System trimmed its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 587,745 shares of the business services provider’s stock after selling 11,870 shares during the period. California Public Employees Retirement System owned about 0.46% of Booz Allen Hamilton worth $75,643,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Bogart Wealth LLC raised its holdings in shares of Booz Allen Hamilton by 387.5% during the fourth quarter. Bogart Wealth LLC now owns 195 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 155 shares in the last quarter. OFI Invest Asset Management bought a new position in Booz Allen Hamilton in the 4th quarter worth $25,000. EverSource Wealth Advisors LLC lifted its position in shares of Booz Allen Hamilton by 144.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider’s stock worth $29,000 after purchasing an additional 134 shares during the period. R Squared Ltd bought a new stake in shares of Booz Allen Hamilton during the 4th quarter valued at about $31,000. Finally, SRS Capital Advisors Inc. increased its position in shares of Booz Allen Hamilton by 3,314.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider’s stock valued at $31,000 after buying an additional 232 shares during the period. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

Booz Allen Hamilton Stock Down 0.4 %

Shares of Booz Allen Hamilton stock opened at $104.84 on Tuesday. The company has a 50-day simple moving average of $117.73 and a two-hundred day simple moving average of $139.89. Booz Allen Hamilton Holding Co. has a 52-week low of $101.05 and a 52-week high of $190.59. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.57 and a current ratio of 1.57. The stock has a market capitalization of $13.28 billion, a PE ratio of 15.63, a price-to-earnings-growth ratio of 1.25 and a beta of 0.56.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings data on Friday, January 31st. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating 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%. On average, analysts anticipate that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.10%. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Friday, February 14th. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 32.79%.

Analyst Upgrades and Downgrades

BAH has been the topic of several research reports. Barclays raised Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price objective on the stock in a research report on Monday, January 6th. TD Cowen reduced their price target on Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Wells Fargo & Company decreased their price objective on Booz Allen Hamilton from $180.00 to $164.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. UBS Group began coverage on shares of Booz Allen Hamilton in a report on Monday, December 2nd. They set a “neutral” rating and a $159.00 target price on the stock. Finally, William Blair lowered shares of Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $158.27.

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.