3,666 Shares in Booz Allen Hamilton Holding Corporation (NYSE:BAH) Purchased by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,666 shares of the business services provider's stock, valued at approximately $383,000.

Other large investors have also added to or reduced their stakes in the company. OFI Invest Asset Management bought a new position in shares of Booz Allen Hamilton during the 4th quarter worth approximately $25,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Booz Allen Hamilton by 74.5% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 246 shares of the business services provider's stock valued at $26,000 after acquiring an additional 105 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Booz Allen Hamilton by 144.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider's stock worth $29,000 after acquiring an additional 134 shares in the last quarter. SRS Capital Advisors Inc. grew its holdings in Booz Allen Hamilton by 3,314.3% in the fourth 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, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Booz Allen Hamilton in the fourth quarter worth $33,000. Institutional investors and hedge funds own 91.82% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BAH. Barclays cut their price objective on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an "equal weight" rating on the stock in a research report on Wednesday, May 28th. Raymond James Financial reaffirmed a "market perform" rating on shares of Booz Allen Hamilton in a research note on Friday, May 23rd. The Goldman Sachs Group cut 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 note on Wednesday, May 28th. Stifel Nicolaus initiated coverage on Booz Allen Hamilton in a report on Tuesday. They set a "hold" rating and a $112.00 price objective for the company. Finally, UBS Group increased their target price on Booz Allen Hamilton from $120.00 to $135.00 and gave the stock a "neutral" rating in a report on Monday, May 19th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $134.64.

Booz Allen Hamilton Stock Up 1.8%

BAH traded up $1.87 during mid-day trading on Thursday, reaching $103.21. 2,031,066 shares of the stock were exchanged, compared to its average volume of 1,728,937. The company has a 50 day moving average price of $112.87 and a two-hundred day moving average price of $118.46. The stock has a market capitalization of $12.82 billion, a PE ratio of 14.24, a price-to-earnings-growth ratio of 1.56 and a beta of 0.49. The company has a debt-to-equity ratio of 3.90, a quick ratio of 1.79 and a current ratio of 1.79. Booz Allen Hamilton Holding Corporation has a 1 year low of $98.95 and a 1 year high of $190.59.

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

Booz Allen Hamilton Announces Dividend

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