California Public Employees Retirement System Reduces Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

California Public Employees Retirement System reduced its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 1.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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’s holdings in Booz Allen Hamilton were worth $91,329,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Berman Capital Advisors LLC increased its holdings in Booz Allen Hamilton by 574.5% in the second quarter. Berman Capital Advisors LLC now owns 344 shares of the business services provider’s stock valued at $29,000 after buying an additional 293 shares during the last quarter. KB Financial Partners LLC acquired a new position in shares of Booz Allen Hamilton during the first quarter worth approximately $33,000. Exchange Traded Concepts LLC acquired a new position in shares of Booz Allen Hamilton during the second quarter worth approximately $65,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Booz Allen Hamilton by 28.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 933 shares of the business services provider’s stock worth $79,000 after buying an additional 208 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ boosted its position in shares of Booz Allen Hamilton by 50.1% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 1,051 shares of the business services provider’s stock worth $90,000 after buying an additional 351 shares during the period. 89.19% of the stock is owned by hedge funds and other institutional investors.

In other news, CFO Lloyd Howell, Jr. sold 5,989 shares of the company’s stock in a transaction dated Wednesday, July 28th. The shares were sold at an average price of $90.01, for a total transaction of $539,069.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Karen M. Dahut sold 42,495 shares of the company’s stock in a transaction dated Friday, July 16th. The shares were sold at an average price of $89.49, for a total transaction of $3,802,877.55. The disclosure for this sale can be found here. 1.92% of the stock is owned by corporate insiders.

Shares of NYSE:BAH opened at $80.31 on Thursday. The stock has a market capitalization of $10.86 billion, a PE ratio of 19.54, a P/E/G ratio of 2.35 and a beta of 0.72. Booz Allen Hamilton Holding Co. has a 1 year low of $74.32 and a 1 year high of $100.26. The firm has a fifty day moving average price of $80.91 and a 200 day moving average price of $83.77. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 2.71.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings data on Thursday, July 29th. The business services provider reported $1.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.10. The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Booz Allen Hamilton had a net margin of 7.24% and a return on equity of 53.87%. Booz Allen Hamilton’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.93 earnings per share. On average, sell-side analysts forecast that Booz Allen Hamilton Holding Co. will post 4.21 earnings per share for the current fiscal year.

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

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

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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