California Public Employees Retirement System Sells 11,967 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

California Public Employees Retirement System trimmed its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 1.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,072,192 shares of the business services provider’s stock after selling 11,967 shares during the quarter. California Public Employees Retirement System owned approximately 0.79% of Booz Allen Hamilton worth $91,329,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. LPL Financial LLC increased its stake in Booz Allen Hamilton by 35.7% in the second quarter. LPL Financial LLC now owns 26,802 shares of the business services provider’s stock worth $2,283,000 after purchasing an additional 7,049 shares during the period. Franklin Resources Inc. increased its stake in Booz Allen Hamilton by 1.1% in the second quarter. Franklin Resources Inc. now owns 777,122 shares of the business services provider’s stock worth $66,193,000 after purchasing an additional 8,256 shares during the period. Bridgewater Associates LP purchased a new stake in Booz Allen Hamilton in the second quarter worth $620,000. Blueshift Asset Management LLC purchased a new position in shares of Booz Allen Hamilton during the second quarter valued at $1,634,000. Finally, Ensign Peak Advisors Inc increased its stake in shares of Booz Allen Hamilton by 24.7% during the second quarter. Ensign Peak Advisors Inc now owns 41,785 shares of the business services provider’s stock valued at $3,560,000 after buying an additional 8,270 shares during the period. Hedge funds and other institutional investors own 89.19% of the company’s stock.

A number of equities research analysts recently weighed in on the company. Truist raised their price objective on Booz Allen Hamilton from $80.00 to $88.00 and gave the company a “hold” rating in a research report on Monday, August 2nd. Cowen raised their price objective on Booz Allen Hamilton from $93.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, September 16th. Zacks Investment Research upgraded Booz Allen Hamilton from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research report on Monday, October 4th. Truist Securities lifted their price target on Booz Allen Hamilton from $80.00 to $88.00 and gave the company a “hold” rating in a research report on Monday, August 2nd. Finally, Morgan Stanley lifted their price target on Booz Allen Hamilton from $94.00 to $97.00 and gave the company an “overweight” rating in a research report on Friday, June 18th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $90.88.

In related news, EVP Karen M. Dahut sold 42,495 shares of the business’s stock in a transaction on Friday, July 16th. The stock was sold at an average price of $89.49, for a total value of $3,802,877.55. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Lloyd Howell, Jr. sold 5,989 shares of the company’s stock in a transaction dated Wednesday, July 28th. The stock was sold at an average price of $90.01, for a total value of $539,069.89. The disclosure for this sale can be found here. Corporate insiders own 1.92% of the company’s stock.

NYSE BAH opened at $80.31 on Thursday. The stock’s fifty day moving average is $80.91 and its two-hundred day moving average is $83.77. The firm has a market capitalization of $10.86 billion, a P/E ratio of 19.54, a price-to-earnings-growth ratio of 2.35 and a beta of 0.72. The company has a debt-to-equity ratio of 2.71, a quick ratio of 1.81 and a current ratio of 1.81. Booz Allen Hamilton Holding Co. has a fifty-two week low of $74.32 and a fifty-two week high of $100.26.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings results on Thursday, July 29th. The business services provider reported $1.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.10. Booz Allen Hamilton had a return on equity of 53.87% and a net margin of 7.24%. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the prior year, the company posted $0.93 EPS. The company’s quarterly revenue was up 1.7% on a year-over-year basis. As a group, sell-side analysts forecast that Booz Allen Hamilton Holding Co. will post 4.21 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 31st. Stockholders of record on Monday, August 16th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.84%. The ex-dividend date was Friday, August 13th. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 37.95%.

Booz Allen Hamilton Profile

Booz Allen Hamilton Holding Corp. engages in the provision of management and technology consulting services. It offers analytics, digital solutions, engineering, and cyber expertise. The company was founded by Edwin Booz in 1914 and is headquartered in McLean, VA.

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Institutional Ownership by Quarter for Booz Allen Hamilton (NYSE:BAH)

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