8,608 Shares in Booz Allen Hamilton Holding Corporation (NYSE:BAH) Bought by Kentucky Retirement Systems

Kentucky Retirement Systems acquired a new position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,608 shares of the business services provider's stock, valued at approximately $900,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. OFI Invest Asset Management purchased a new position in shares of Booz Allen Hamilton during the fourth quarter worth about $25,000. EverSource Wealth Advisors LLC lifted its position in Booz Allen Hamilton by 144.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider's stock worth $29,000 after buying an additional 134 shares during the last quarter. SRS Capital Advisors Inc. lifted its position 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 buying an additional 232 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in Booz Allen Hamilton by 74.5% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 246 shares of the business services provider's stock worth $26,000 after buying an additional 105 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Booz Allen Hamilton in the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 91.82% of the company's stock.

Booz Allen Hamilton Trading Down 0.1%

Shares of BAH traded down $0.12 during mid-day trading on Friday, hitting $103.15. 3,780,248 shares of the company's stock traded hands, compared to its average volume of 1,745,637. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 3.90. Booz Allen Hamilton Holding Corporation has a 1 year low of $98.95 and a 1 year high of $190.59. The firm has a market capitalization of $12.81 billion, a P/E ratio of 14.23, a PEG ratio of 1.60 and a beta of 0.49. The business's 50-day moving average price is $112.45 and its 200-day moving average price is $117.81.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted 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 return on equity of 72.35% and a net margin of 7.81%. 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 previous year, the firm earned $1.33 earnings per share. The business's revenue was up 7.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Booz Allen Hamilton Holding Corporation will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Wednesday, June 11th were paid a dividend of $0.55 per share. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $2.20 annualized dividend and a dividend yield of 2.13%. Booz Allen Hamilton's dividend payout ratio (DPR) is presently 30.34%.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Barclays dropped their target price on Booz Allen Hamilton from $140.00 to $120.00 and set an "equal weight" rating for the company in a research report on Wednesday, May 28th. The Goldman Sachs Group downgraded Booz Allen Hamilton from a "neutral" rating to a "sell" rating and dropped their target price for the stock from $108.00 to $94.00 in a research report on Wednesday, May 28th. Truist Financial dropped 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. Stifel Nicolaus assumed coverage on Booz Allen Hamilton in a research report on Tuesday. They issued a "hold" rating and a $112.00 target price for the company. Finally, JPMorgan Chase & Co. lowered their price objective on Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating for the company in a research report on Tuesday, April 15th. Two equities research 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 data from MarketBeat, Booz Allen Hamilton currently has a consensus rating of "Hold" and a consensus target price of $134.64.

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.