New York State Common Retirement Fund Sells 49,647 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

New York State Common Retirement Fund lessened its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 35.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 90,491 shares of the business services provider's stock after selling 49,647 shares during the quarter. New York State Common Retirement Fund owned about 0.07% of Booz Allen Hamilton worth $14,728,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in BAH. AGF Management Ltd. grew 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 valued at $269,419,000 after purchasing an additional 679,280 shares during the period. Captrust Financial Advisors raised its stake in shares of Booz Allen Hamilton by 29.4% in the first quarter. Captrust Financial Advisors now owns 1,076,130 shares of the business services provider's stock worth $159,741,000 after buying an additional 244,391 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in 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 valued at $1,544,798,000 after purchasing an additional 222,884 shares in the last quarter. Acadian Asset Management LLC lifted its stake in shares of Booz Allen Hamilton by 184.0% during the 2nd quarter. Acadian Asset Management LLC now owns 335,463 shares of the business services provider's stock valued at $51,613,000 after buying an additional 217,349 shares in the last quarter. Finally, Van ECK Associates Corp increased its stake in Booz Allen Hamilton by 75.3% in the 2nd 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 in the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Richard Crowe sold 4,243 shares of the firm's stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $165.00, for a total value of $700,095.00. Following the completion of the sale, the executive vice president now owns 25,496 shares in the company, valued at approximately $4,206,840. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Booz Allen Hamilton news, CFO Matthew Calderone sold 3,865 shares of the stock in a transaction on Monday, September 23rd. The stock was 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 in the company, valued at $5,389,280. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Richard Crowe sold 4,243 shares of the business's stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total transaction of $700,095.00. Following the sale, the executive vice president now directly owns 25,496 shares of the company's stock, valued at $4,206,840. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,173 shares of company stock valued at $1,989,220 over the last three months. 1.59% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company upped their price objective on Booz Allen Hamilton from $185.00 to $206.00 and gave the stock an "overweight" rating in a research note on Monday, October 28th. TD Cowen cut their price objective on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a "buy" rating for the company in a report on Monday, July 29th. StockNews.com raised shares of Booz Allen Hamilton from a "sell" rating to a "hold" rating in a report on Wednesday, October 30th. Barclays boosted their price target on shares of Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an "underweight" rating in a research note on Tuesday, October 29th. Finally, The Goldman Sachs Group increased their price objective on shares of Booz Allen Hamilton from $174.00 to $196.00 and gave the company a "buy" rating in a report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $180.63.

Booz Allen Hamilton Trading Down 2.9 %

NYSE BAH traded down $5.33 during trading hours on Wednesday, hitting $179.95. 2,456,481 shares of the company were exchanged, compared to its average volume of 705,536. Booz Allen Hamilton Holding Co. has a 52 week low of $122.59 and a 52 week high of $190.59. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 2.76. The stock has a 50-day moving average price of $163.08 and a 200 day moving average price of $155.59. The stock has a market cap of $22.99 billion, a PE ratio of 29.08, a price-to-earnings-growth ratio of 2.48 and a beta of 0.58.

Booz Allen Hamilton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors 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 yield of 1.13%. Booz Allen Hamilton's dividend payout ratio is presently 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.