Teacher Retirement System of Texas Sells 383,444 Shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Teacher Retirement System of Texas reduced its position in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 89.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,599 shares of the business services provider's stock after selling 383,444 shares during the quarter. Teacher Retirement System of Texas' holdings in Booz Allen Hamilton were worth $4,978,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Smartleaf Asset Management LLC grew its position in Booz Allen Hamilton by 33.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 440 shares of the business services provider's stock worth $56,000 after acquiring an additional 110 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Booz Allen Hamilton by 54.7% in the 4th quarter. Jones Financial Companies Lllp now owns 1,412 shares of the business services provider's stock worth $182,000 after purchasing an additional 499 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Booz Allen Hamilton during the 4th quarter valued at about $80,000. Steward Partners Investment Advisory LLC increased its position in shares of Booz Allen Hamilton by 22.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,030 shares of the business services provider's stock valued at $647,000 after purchasing an additional 937 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in Booz Allen Hamilton by 281.6% in the 4th quarter. Victory Capital Management Inc. now owns 172,634 shares of the business services provider's stock worth $22,218,000 after buying an additional 127,394 shares during the last quarter. 91.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on BAH shares. Wall Street Zen downgraded shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. The Goldman Sachs Group cut shares of Booz Allen Hamilton from a "neutral" rating to a "sell" rating and decreased their target price for the stock from $108.00 to $94.00 in a research report on Wednesday, May 28th. Truist Financial cut their price target 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. Raymond James Financial reaffirmed a "market perform" rating on shares of Booz Allen Hamilton in a research note on Friday, May 23rd. Finally, Barclays reduced their price objective on Booz Allen Hamilton from $140.00 to $120.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 28th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $134.64.

Booz Allen Hamilton Trading Down 0.8%

Shares of NYSE BAH traded down $0.90 during mid-day trading on Friday, hitting $106.78. The stock had a trading volume of 1,116,112 shares, compared to its average volume of 1,781,781. The firm has a market cap of $13.26 billion, a P/E ratio of 14.73, a price-to-earnings-growth ratio of 1.67 and a beta of 0.48. The business has a 50 day moving average price of $110.62 and a two-hundred day moving average price of $116.33. Booz Allen Hamilton Holding Corporation has a 1 year low of $98.95 and a 1 year high of $190.59. 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 released its quarterly earnings results on Friday, May 23rd. The business services provider reported $1.61 earnings per share for the quarter, beating 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 quarter in the previous year, the business posted $1.33 earnings per share. On average, equities analysts anticipate that Booz Allen Hamilton Holding Corporation will post 6.44 EPS 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. Stockholders of record on Wednesday, June 11th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date was Wednesday, June 11th. Booz Allen Hamilton's dividend payout ratio (DPR) 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.