Teacher Retirement System of Texas Boosts Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Teacher Retirement System of Texas raised its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 328.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 431,043 shares of the business services provider’s stock after purchasing an additional 330,344 shares during the period. Teacher Retirement System of Texas’ holdings in Booz Allen Hamilton were worth $55,475,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in Booz Allen Hamilton by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,341,533 shares of the business services provider’s stock worth $381,898,000 after purchasing an additional 58,038 shares during the period. Raymond James Financial Inc. purchased a new stake in Booz Allen Hamilton in the 4th quarter worth about $173,055,000. Bank Julius Baer & Co. Ltd Zurich raised its position in Booz Allen Hamilton by 11.8% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,342,528 shares of the business services provider’s stock worth $184,347,000 after purchasing an additional 141,541 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its stake in Booz Allen Hamilton by 28.5% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,288,101 shares of the business services provider’s stock worth $209,651,000 after acquiring an additional 285,621 shares in the last quarter. Finally, Eagle Asset Management Inc. grew its stake in Booz Allen Hamilton by 3.6% in the 3rd quarter. Eagle Asset Management Inc. now owns 957,300 shares of the business services provider’s stock worth $155,810,000 after acquiring an additional 32,897 shares in the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on BAH. Raymond James upgraded shares of Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 target price on the stock in a research note on Monday, February 3rd. Wells Fargo & Company dropped their target price on shares of Booz Allen Hamilton from $180.00 to $164.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. Truist Financial dropped their target price on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating on the stock in a research note on Friday, November 22nd. JPMorgan Chase & Co. dropped their price objective on shares of Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating on the stock in a research note on Monday, February 3rd. Finally, William Blair downgraded shares of Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $158.27.

Booz Allen Hamilton Price Performance

Shares of BAH opened at $103.60 on Friday. The company has a market cap of $13.12 billion, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 1.25 and a beta of 0.56. Booz Allen Hamilton Holding Co. has a twelve month low of $101.82 and a twelve month high of $190.59. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 2.72. The company has a 50 day moving average of $121.96 and a two-hundred day moving average of $142.47.

Booz Allen Hamilton (NYSE:BAH) last announced its earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share for the quarter, beating 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, analysts predict that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.12%. The ex-dividend date was Friday, February 14th. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.51. Booz Allen Hamilton’s dividend payout ratio (DPR) is 32.79%.

Booz Allen Hamilton 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.