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

California Public Employees Retirement System trimmed its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 2.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 812,926 shares of the business services provider’s stock after selling 23,188 shares during the quarter. California Public Employees Retirement System’s holdings in Booz Allen Hamilton were worth $103,981,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. VisionPoint Advisory Group LLC boosted its position in Booz Allen Hamilton by 75.6% during the third quarter. VisionPoint Advisory Group LLC now owns 274 shares of the business services provider’s stock worth $30,000 after acquiring an additional 118 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Booz Allen Hamilton during the third quarter worth about $31,000. BKM Wealth Management LLC acquired a new position in Booz Allen Hamilton during the fourth quarter worth about $40,000. Altshuler Shaham Ltd acquired a new position in Booz Allen Hamilton during the third quarter worth about $53,000. Finally, First Financial Corp IN boosted its position in Booz Allen Hamilton by 21.3% during the fourth quarter. First Financial Corp IN now owns 472 shares of the business services provider’s stock worth $60,000 after acquiring an additional 83 shares during the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Booz Allen Hamilton

In related news, CFO Matthew Calderone sold 1,500 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $146.51, for a total value of $219,765.00. Following the sale, the chief financial officer now directly owns 25,462 shares of the company’s stock, valued at approximately $3,730,437.62. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CFO Matthew Calderone sold 1,500 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $146.51, for a total transaction of $219,765.00. Following the transaction, the chief financial officer now directly owns 25,462 shares in the company, valued at approximately $3,730,437.62. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Horacio Rozanski sold 49,000 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $145.69, for a total transaction of $7,138,810.00. Following the completion of the transaction, the chief executive officer now owns 557,411 shares in the company, valued at approximately $81,209,208.59. The disclosure for this sale can be found here. In the last three months, insiders have sold 55,568 shares of company stock valued at $8,067,487. Insiders own 1.76% of the company’s stock.

Booz Allen Hamilton Stock Up 2.1 %

BAH stock opened at $145.96 on Wednesday. The company has a fifty day moving average price of $145.98 and a 200 day moving average price of $134.47. Booz Allen Hamilton Holding Co. has a 12 month low of $89.80 and a 12 month high of $150.59. The company has a market cap of $18.94 billion, a price-to-earnings ratio of 47.08, a price-to-earnings-growth ratio of 1.93 and a beta of 0.53. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.68 and a quick ratio of 1.68.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings data on Friday, January 26th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.28. Booz Allen Hamilton had a net margin of 3.96% and a return on equity of 65.31%. The company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.54 billion. During the same period in the previous year, the company posted $1.07 EPS. Booz Allen Hamilton’s revenue was up 12.9% compared to the same quarter last year. Sell-side analysts expect that Booz Allen Hamilton Holding Co. will post 5.39 earnings per share for the current year.

Booz Allen Hamilton Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 12th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, February 9th. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.47. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.40%. Booz Allen Hamilton’s dividend payout ratio is 65.81%.

Wall Street Analysts Forecast Growth

BAH has been the subject of several analyst reports. The Goldman Sachs Group increased their price target on shares of Booz Allen Hamilton from $141.00 to $158.00 and gave the company a “buy” rating in a research note on Monday, January 29th. Wells Fargo & Company raised their price target on shares of Booz Allen Hamilton from $138.00 to $158.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 30th. JPMorgan Chase & Co. raised their price target on shares of Booz Allen Hamilton from $120.00 to $136.00 and gave the stock a “neutral” rating in a report on Tuesday, February 6th. Truist Financial increased their target price on shares of Booz Allen Hamilton from $120.00 to $145.00 and gave the stock a “hold” rating in a research note on Monday, January 29th. Finally, Jefferies Financial Group lifted their price target on shares of Booz Allen Hamilton from $150.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Booz Allen Hamilton currently has a consensus rating of “Hold” and an average price target of $145.11.

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 also focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.