Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 5.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 85,791 shares of the business services provider's stock after selling 4,700 shares during the period. New York State Common Retirement Fund owned about 0.07% of Booz Allen Hamilton worth $11,041,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BAH. Van ECK Associates Corp grew its stake in Booz Allen Hamilton by 51.7% during the fourth quarter. Van ECK Associates Corp now owns 951,605 shares of the business services provider's stock worth $122,472,000 after buying an additional 324,159 shares in the last quarter. Empirical Asset Management LLC acquired a new position in Booz Allen Hamilton during the 4th quarter worth about $1,900,000. Blue Trust Inc. increased its position in Booz Allen Hamilton by 133.8% during the 4th quarter. Blue Trust Inc. now owns 6,566 shares of the business services provider's stock valued at $845,000 after purchasing an additional 3,758 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Booz Allen Hamilton by 677.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 24,678 shares of the business services provider's stock worth $3,162,000 after buying an additional 21,503 shares during the last quarter. Finally, Bartlett & CO. Wealth Management LLC lifted its stake in shares of Booz Allen Hamilton by 1.6% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 539,589 shares of the business services provider's stock valued at $69,445,000 after purchasing an additional 8,365 shares during the period. Institutional investors and hedge funds own 91.82% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Cantor Fitzgerald upgraded shares of Booz Allen Hamilton to a "strong-buy" rating in a report on Tuesday. Wells Fargo & Company lowered their target price on Booz Allen Hamilton from $180.00 to $164.00 and set an "overweight" rating on the stock in a research note on Wednesday. UBS Group assumed coverage on Booz Allen Hamilton in a report on Monday, December 2nd. They issued a "neutral" rating and a $159.00 price target for the company. Jefferies Financial Group cut shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating and boosted their price objective for the company from $180.00 to $190.00 in a research note on Monday, November 4th. Finally, Truist Financial lowered their price target on Booz Allen Hamilton from $185.00 to $155.00 and set a "hold" rating on the stock in a report on Friday, November 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $158.27.

Booz Allen Hamilton Trading Down 4.5 %

NYSE BAH traded down $4.98 on Friday, hitting $106.06. 5,128,716 shares of the stock were exchanged, compared to its average volume of 2,288,541. The firm has a market capitalization of $13.43 billion, a P/E ratio of 15.81, a P/E/G ratio of 1.25 and a beta of 0.55. Booz Allen Hamilton Holding Co. has a 52-week low of $104.05 and a 52-week high of $190.59. The stock has a fifty day moving average price of $127.82 and a two-hundred day moving average price of $146.82. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.57 and a current ratio of 1.57.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last issued its earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share for the quarter, beating analysts' consensus estimates of $1.48 by $0.07. Booz Allen Hamilton had a return on equity of 68.97% and a net margin of 7.39%. Research analysts forecast that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 14th will be given a $0.55 dividend. This is a positive change from Booz Allen Hamilton's previous quarterly dividend of $0.51. This represents a $2.20 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend is Friday, February 14th. Booz Allen Hamilton's dividend payout ratio (DPR) is presently 32.79%.

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.