43,320 Shares in Booz Allen Hamilton Holding Co. (NYSE:BAH) Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new stake in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 43,320 shares of the business services provider's stock, valued at approximately $5,575,000.

Several other institutional investors have also bought and sold shares of the company. Bogart Wealth LLC raised its holdings in Booz Allen Hamilton by 387.5% during the 4th quarter. Bogart Wealth LLC now owns 195 shares of the business services provider's stock valued at $25,000 after acquiring an additional 155 shares during the period. OFI Invest Asset Management bought a new stake in shares of Booz Allen Hamilton during the 4th quarter valued at $25,000. EverSource Wealth Advisors LLC lifted its holdings in Booz Allen Hamilton by 144.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider's stock worth $29,000 after purchasing an additional 134 shares in the last quarter. SRS Capital Advisors Inc. boosted its stake in Booz Allen Hamilton by 3,314.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider's stock worth $31,000 after purchasing an additional 232 shares during the period. Finally, R Squared Ltd purchased a new position in Booz Allen Hamilton during the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 91.82% of the company's stock.

Wall Street Analyst Weigh In

BAH has been the subject of a number of analyst reports. Wells Fargo & Company cut their price objective on shares of Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating for the company in a research report on Friday, May 23rd. Barclays decreased their price target on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an "equal weight" rating on the stock in a report on Wednesday, May 28th. JPMorgan Chase & Co. lowered their price objective on Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 15th. Truist Financial reduced their target price on Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Finally, Cantor Fitzgerald raised Booz Allen Hamilton to a "strong-buy" rating in a report on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $136.90.

Booz Allen Hamilton Trading Down 2.7%

Shares of NYSE:BAH traded down $2.89 during trading on Monday, reaching $103.36. 2,564,964 shares of the company traded hands, compared to its average volume of 1,641,250. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.72. Booz Allen Hamilton Holding Co. has a 52-week low of $101.05 and a 52-week high of $190.59. The firm has a market capitalization of $12.84 billion, a price-to-earnings ratio of 15.40, a P/E/G ratio of 1.25 and a beta of 0.56. The business's fifty day moving average is $115.13 and its 200-day moving average is $123.31.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its quarterly earnings results on Friday, May 23rd. The business services provider reported $1.61 EPS for the quarter, beating analysts' consensus estimates of $1.59 by $0.02. The company had revenue of $2.97 billion during the quarter, compared to analyst estimates of $3.03 billion. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. The firm's revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.33 EPS. As a group, analysts forecast that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current year.

Booz Allen Hamilton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Wednesday, June 11th will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $2.20 dividend on an annualized basis and a yield of 2.13%. Booz Allen Hamilton's dividend payout ratio is presently 30.34%.

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