Illinois Municipal Retirement Fund Reduces Position in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Illinois Municipal Retirement Fund cut its stake in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 3.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 72,972 shares of the business services provider's stock after selling 2,432 shares during the period. Illinois Municipal Retirement Fund owned about 0.06% of Booz Allen Hamilton worth $7,631,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of BAH. Norges Bank purchased a new stake in Booz Allen Hamilton in the 4th quarter worth approximately $196,578,000. Raymond James Financial Inc. bought a new position in shares of Booz Allen Hamilton in the fourth quarter worth approximately $173,055,000. Janus Henderson Group PLC increased its stake in shares of Booz Allen Hamilton by 179.7% in the fourth quarter. Janus Henderson Group PLC now owns 1,767,129 shares of the business services provider's stock worth $227,425,000 after purchasing an additional 1,135,426 shares in the last quarter. Man Group plc raised its position in shares of Booz Allen Hamilton by 2,293.2% during the 4th quarter. Man Group plc now owns 1,128,389 shares of the business services provider's stock valued at $145,224,000 after purchasing an additional 1,081,239 shares during the period. Finally, Bank of America Corp DE lifted its stake in shares of Booz Allen Hamilton by 61.4% during the 4th quarter. Bank of America Corp DE now owns 1,552,217 shares of the business services provider's stock valued at $199,770,000 after buying an additional 590,655 shares in the last quarter. Hedge funds and other institutional investors own 91.82% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. cut their price target on Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating for the company in a research note on Tuesday, April 15th. Wells Fargo & Company cut their target price on 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. Truist Financial decreased their target price on Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. UBS Group upped their price target on Booz Allen Hamilton from $120.00 to $135.00 and gave the stock a "neutral" rating in a research note on Monday, May 19th. Finally, The Goldman Sachs Group cut shares of Booz Allen Hamilton from a "neutral" rating to a "sell" rating and reduced their price objective for the company from $108.00 to $94.00 in a research report on Wednesday, May 28th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $134.64.

Booz Allen Hamilton Price Performance

Booz Allen Hamilton stock traded up $1.23 during mid-day trading on Wednesday, reaching $108.54. 1,102,695 shares of the company's stock traded hands, compared to its average volume of 1,751,670. Booz Allen Hamilton Holding Corporation has a 12-month low of $98.95 and a 12-month high of $190.59. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 3.90. The stock has a 50 day moving average of $112.13 and a two-hundred day moving average of $117.41. The company has a market cap of $13.48 billion, a price-to-earnings ratio of 14.99, a PEG ratio of 1.62 and a beta of 0.48.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last announced its earnings results on Friday, May 23rd. The business services provider reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.02. Booz Allen Hamilton had a net margin of 7.81% and a return on equity of 72.35%. The firm had revenue of $2.97 billion for the quarter, compared to analysts' expectations of $3.03 billion. During the same period in the prior year, the company earned $1.33 EPS. The business's revenue was up 7.3% compared to the same quarter last year. Equities analysts forecast that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Wednesday, June 11th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend was Wednesday, June 11th. Booz Allen Hamilton's dividend payout ratio is currently 30.34%.

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.