New York State Common Retirement Fund Sells 2,600 Shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH)

New York State Common Retirement Fund reduced its position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 3.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 83,191 shares of the business services provider's stock after selling 2,600 shares during the quarter. New York State Common Retirement Fund owned 0.07% of Booz Allen Hamilton worth $8,700,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Norges Bank purchased a new stake in Booz Allen Hamilton during the 4th quarter valued at approximately $196,578,000. Janus Henderson Group PLC boosted its stake in shares of Booz Allen Hamilton by 179.7% during the 4th 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 during the period. Man Group plc lifted its stake 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 worth $145,224,000 after acquiring an additional 1,081,239 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Booz Allen Hamilton by 61.4% during the fourth 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 purchasing an additional 590,655 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in shares of Booz Allen Hamilton by 1,111.3% in the fourth quarter. Renaissance Technologies LLC now owns 606,794 shares of the business services provider's stock worth $78,094,000 after purchasing an additional 556,700 shares during the last quarter. Hedge funds and other institutional investors own 91.82% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on BAH shares. Wall Street Zen downgraded Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Wells Fargo & Company reduced their price target on Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating for the company in a report on Friday, May 23rd. JPMorgan Chase & Co. reduced their target price on Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating for the company in a report on Tuesday, April 15th. Stifel Nicolaus began coverage on Booz Allen Hamilton in a research report on Tuesday, June 24th. They issued a "hold" rating and a $112.00 price target for the company. Finally, Truist Financial cut their price objective on shares of 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. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $134.64.

Booz Allen Hamilton Trading Up 0.4%

NYSE:BAH opened at $109.27 on Friday. The stock has a market capitalization of $13.57 billion, a price-to-earnings ratio of 15.07, a PEG ratio of 1.70 and a beta of 0.48. Booz Allen Hamilton Holding Corporation has a 1 year low of $98.95 and a 1 year high of $190.59. The stock has a fifty day moving average price of $108.80 and a two-hundred day moving average price of $115.32. 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 (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 analysts' consensus estimates of $1.59 by $0.02. The firm had revenue of $2.97 billion for the quarter, compared to analyst estimates of $3.03 billion. Booz Allen Hamilton had a return on equity of 72.35% and a net margin of 7.81%. Booz Allen Hamilton's revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.33 EPS. As a group, sell-side analysts anticipate that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Wednesday, June 11th were issued a dividend of $0.55 per share. The ex-dividend date was Wednesday, June 11th. This represents a $2.20 annualized dividend and a dividend yield of 2.01%. Booz Allen Hamilton's payout ratio is 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.

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