Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado cut its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 2.0% during the first quarter, HoldingsChannel reports. The firm owned 13,925 shares of the business services provider’s stock after selling 290 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Booz Allen Hamilton were worth $2,067,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of BAH. Norges Bank purchased a new position in shares of Booz Allen Hamilton during the fourth quarter worth about $188,129,000. AGF Management Ltd. increased its stake in Booz Allen Hamilton by 40.8% in the fourth quarter. AGF Management Ltd. now owns 1,089,265 shares of the business services provider’s stock valued at $139,328,000 after purchasing an additional 315,495 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Booz Allen Hamilton by 2.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,406,880 shares of the business services provider’s stock worth $1,544,798,000 after buying an additional 222,884 shares during the period. Van ECK Associates Corp grew its holdings in shares of Booz Allen Hamilton by 279.7% during the first quarter. Van ECK Associates Corp now owns 265,492 shares of the business services provider’s stock worth $39,410,000 after buying an additional 195,578 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in Booz Allen Hamilton in the 1st quarter valued at about $29,007,000. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Booz Allen Hamilton Trading Up 3.2 %

Shares of BAH opened at $144.36 on Tuesday. The firm’s 50-day moving average is $153.90 and its two-hundred day moving average is $147.87. Booz Allen Hamilton Holding Co. has a twelve month low of $106.90 and a twelve month high of $164.43. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 3.20. The firm has a market capitalization of $18.67 billion, a P/E ratio of 31.38, a PEG ratio of 2.03 and a beta of 0.57.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings results on Friday, May 24th. The business services provider reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.10. The business had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.71 billion. Booz Allen Hamilton had a return on equity of 66.04% and a net margin of 5.57%. The company’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.01 EPS. On average, research analysts predict that Booz Allen Hamilton Holding Co. will post 5.93 earnings per share for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Wednesday, August 14th will be given a $0.51 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $2.04 annualized dividend and a dividend yield of 1.41%. Booz Allen Hamilton’s dividend payout ratio is presently 44.35%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. JPMorgan Chase & Co. lifted 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. TD Cowen lowered their price objective on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Monday. Truist Financial cut their price objective on shares of Booz Allen Hamilton from $160.00 to $140.00 and set a “hold” rating for the company in a research report on Monday. Wells Fargo & Company raised shares of Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and lowered their target price for the company from $168.00 to $165.00 in a report on Monday. Finally, Jefferies Financial Group increased their price target on shares of Booz Allen Hamilton from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $156.56.

Insider Activity at Booz Allen Hamilton

In other Booz Allen Hamilton news, EVP Richard Crowe sold 180 shares of Booz Allen Hamilton stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $154.15, for a total transaction of $27,747.00. Following the completion of the transaction, the executive vice president now owns 17,486 shares in the company, valued at $2,695,466.90. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Horacio Rozanski sold 34,571 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $154.15, for a total transaction of $5,329,119.65. Following the sale, the chief executive officer now owns 579,025 shares of the company’s stock, valued at $89,256,703.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Richard Crowe sold 180 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $154.15, for a total transaction of $27,747.00. Following the completion of the transaction, the executive vice president now owns 17,486 shares in the company, valued at $2,695,466.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 58,255 shares of company stock valued at $8,970,026. Insiders own 1.59% of the company’s stock.

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