California Public Employees Retirement System Decreases Holdings 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 2.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 587,745 shares of the business services provider’s stock after selling 11,870 shares during the period. California Public Employees Retirement System’s holdings in Booz Allen Hamilton were worth $75,643,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Norges Bank purchased a new position in Booz Allen Hamilton in the fourth quarter worth about $196,578,000. Raymond James Financial Inc. purchased a new position in shares of Booz Allen Hamilton in the fourth quarter worth approximately $173,055,000. JPMorgan Chase & Co. grew its position in Booz Allen Hamilton by 12.5% during the fourth quarter. JPMorgan Chase & Co. now owns 4,518,386 shares of the business services provider’s stock valued at $581,516,000 after buying an additional 501,725 shares during the period. Teacher Retirement System of Texas increased its holdings in Booz Allen Hamilton by 328.1% during the fourth quarter. Teacher Retirement System of Texas now owns 431,043 shares of the business services provider’s stock valued at $55,475,000 after buying an additional 330,344 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in Booz Allen Hamilton by 51.7% in the fourth quarter. Van ECK Associates Corp now owns 951,605 shares of the business services provider’s stock worth $122,472,000 after acquiring an additional 324,159 shares during the period. Institutional investors own 91.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. TD Cowen reduced their price objective on Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. JPMorgan Chase & Co. decreased their price objective on 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. Barclays upgraded 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 note on Monday, January 6th. 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. Finally, StockNews.com lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $158.27.

Booz Allen Hamilton Stock Performance

Shares of NYSE BAH opened at $104.84 on Tuesday. The firm’s fifty day moving average is $117.73 and its two-hundred day moving average is $139.89. Booz Allen Hamilton Holding Co. has a 52-week low of $101.05 and a 52-week high of $190.59. The company has a market cap of $13.28 billion, a P/E ratio of 15.63, a P/E/G ratio of 1.25 and a beta of 0.56. 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) last posted its earnings results on Friday, January 31st. The business services provider reported $1.55 EPS for the quarter, topping 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%. As a group, analysts anticipate that Booz Allen Hamilton Holding Co. will post 6.44 EPS 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 $0.55 dividend. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.51. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.10%. Booz Allen Hamilton’s dividend payout ratio (DPR) is 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.