New York State Common Retirement Fund Sells 4,700 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

New York State Common Retirement Fund cut its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 5.2% in the 4th quarter, according to its most recent Form 13F filing with the 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 0.07% of Booz Allen Hamilton worth $11,041,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of BAH. Valley Wealth Managers Inc. grew its stake in shares of Booz Allen Hamilton by 10.9% in the fourth quarter. Valley Wealth Managers Inc. now owns 3,790 shares of the business services provider’s stock valued at $488,000 after buying an additional 373 shares in the last quarter. CIBC Asset Management Inc lifted its stake in Booz Allen Hamilton by 13.5% in the fourth quarter. CIBC Asset Management Inc now owns 5,319 shares of the business services provider’s stock valued at $685,000 after acquiring an additional 631 shares during the last quarter. Allworth Financial LP lifted its stake in Booz Allen Hamilton by 127.7% in the fourth quarter. Allworth Financial LP now owns 3,546 shares of the business services provider’s stock valued at $456,000 after acquiring an additional 1,989 shares during the last quarter. Roxbury Financial LLC bought a new position in shares of Booz Allen Hamilton in the 4th quarter valued at about $35,000. Finally, New York State Teachers Retirement System acquired a new position in shares of Booz Allen Hamilton during the 4th quarter worth about $1,520,000. 91.82% of the stock is currently owned by institutional investors.

Booz Allen Hamilton Price Performance

Booz Allen Hamilton stock opened at $112.17 on Tuesday. The firm has a market cap of $14.21 billion, a PE ratio of 16.72, a price-to-earnings-growth ratio of 1.26 and a beta of 0.55. Booz Allen Hamilton Holding Co. has a one year low of $106.69 and a one year high of $190.59. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.57 and a quick ratio of 1.57. The stock’s fifty day moving average price is $128.99 and its two-hundred day moving average price is $147.54.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings data on Friday, January 31st. The business services provider reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.07. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. As a group, research analysts expect that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 14th will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.96%. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.51. The ex-dividend date is Friday, February 14th. Booz Allen Hamilton’s dividend payout ratio (DPR) is 32.79%.

Wall Street Analyst Weigh In

A number of research firms recently commented on BAH. Truist Financial reduced their price target on Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a report on Friday, November 22nd. JPMorgan Chase & Co. reduced their target price on Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating for the company in a research note on Monday, February 3rd. Wells Fargo & Company dropped their price target on Booz Allen Hamilton from $177.00 to $171.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Barclays raised shares of Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price objective for the company in a research report on Monday, January 6th. Finally, Jefferies Financial Group cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and raised their target price for the stock from $180.00 to $190.00 in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $158.91.

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.