Teachers Retirement System of The State of Kentucky Purchases Shares of 37,000 Booz Allen Hamilton Holding Corporation $BAH

Key Points

• Teachers Retirement System of Kentucky bought a new stake of 37,000 shares in Booz Allen Hamilton during Q4, valued at about $3.12 million.
• Analysts show mixed views but the consensus rating is “Reduce” with an average price target of $94.17, while the stock trades near $76.16 (down ~3.3%) with a market cap of roughly $9.18 billion.
• Booz Allen reported $1.77 EPS for the quarter (beating the $1.26 estimate) even as revenue fell 10.2% year-over-year to $2.62 billion, with a high reported ROE of 76.79%.

Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 37,000 shares of the business services provider's stock, valued at approximately $3,121,000.

Several other hedge funds and other institutional investors have also made changes to their positions in BAH. Rakuten Securities Inc. increased its position in Booz Allen Hamilton by 414.6% in the 2nd quarter. Rakuten Securities Inc. now owns 247 shares of the business services provider's stock valued at $26,000 after acquiring an additional 199 shares during the period. West Branch Capital LLC boosted its position in Booz Allen Hamilton by 58.3% during the 3rd quarter. West Branch Capital LLC now owns 285 shares of the business services provider's stock worth $28,000 after acquiring an additional 105 shares during the period. Cornerstone Planning Group LLC boosted its position in Booz Allen Hamilton by 244.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 289 shares of the business services provider's stock worth $29,000 after acquiring an additional 205 shares during the period. Fulcrum Asset Management LLP bought a new position in shares of Booz Allen Hamilton in the third quarter worth $32,000. Finally, Aventura Private Wealth LLC acquired a new position in shares of Booz Allen Hamilton during the fourth quarter valued at $27,000. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. DA Davidson set a $81.00 price objective on shares of Booz Allen Hamilton in a research note on Tuesday, January 27th. Stifel Nicolaus increased their target price on shares of Booz Allen Hamilton from $106.00 to $115.00 and gave the company a "hold" rating in a research report on Monday, January 26th. Wells Fargo & Company assumed coverage on shares of Booz Allen Hamilton in a research note on Wednesday, April 1st. They set an "equal weight" rating and a $85.00 target price on the stock. Citigroup dropped their price target on shares of Booz Allen Hamilton from $109.00 to $87.00 and set a "neutral" rating on the stock in a research report on Thursday, April 2nd. Finally, Weiss Ratings lowered shares of Booz Allen Hamilton from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday. One research analyst has rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Reduce" and an average price target of $94.17.

Booz Allen Hamilton Stock Down 3.3%

BAH opened at $76.16 on Tuesday. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.81 and a current ratio of 1.81. The company has a market capitalization of $9.18 billion, a PE ratio of 11.32, a P/E/G ratio of 4.54 and a beta of 0.35. The stock's fifty day moving average is $79.33 and its 200-day moving average is $85.32. Booz Allen Hamilton Holding Corporation has a one year low of $73.93 and a one year high of $130.91.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last released its earnings results on Friday, January 23rd. The business services provider reported $1.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.26 by $0.51. Booz Allen Hamilton had a return on equity of 76.79% and a net margin of 7.35%.The firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same period in the previous year, the company earned $1.55 earnings per share. Booz Allen Hamilton's revenue was down 10.2% compared to the same quarter last year. On average, equities analysts predict that Booz Allen Hamilton Holding Corporation will post 6.07 EPS for the current fiscal year.

Booz Allen Hamilton Profile

Booz Allen Hamilton Holding Corporation is a publicly traded management and technology consulting firm headquartered in McLean, Virginia. The company provides a wide range of professional services and solutions in strategy, analytics, digital transformation, engineering and cyber security. Its expertise spans from supporting federal civilian agencies to defense, intelligence and homeland security organizations, as well as select commercial industries.

Key offerings include data analytics and artificial intelligence applications, software development and modernization, systems integration, and cyber risk management.

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