California State Teachers Retirement System Boosts Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

California State Teachers Retirement System increased its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 1.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 215,991 shares of the business services provider’s stock after purchasing an additional 2,909 shares during the period. California State Teachers Retirement System owned 0.17% of Booz Allen Hamilton worth $32,062,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Banque Cantonale Vaudoise raised its stake in Booz Allen Hamilton by 112.4% during the 1st quarter. Banque Cantonale Vaudoise now owns 206 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 109 shares during the last quarter. Smithfield Trust Co raised its stake in Booz Allen Hamilton by 87.7% during the 4th quarter. Smithfield Trust Co now owns 259 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 121 shares during the last quarter. MCF Advisors LLC raised its stake in Booz Allen Hamilton by 103.6% during the 1st quarter. MCF Advisors LLC now owns 226 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 115 shares during the last quarter. Crewe Advisors LLC purchased a new position in shares of Booz Allen Hamilton during the 1st quarter worth approximately $35,000. Finally, Riverview Trust Co purchased a new position in shares of Booz Allen Hamilton during the 1st quarter worth approximately $39,000. 91.82% of the stock is owned by hedge funds and other institutional investors.

Booz Allen Hamilton Price Performance

NYSE:BAH traded up $4.49 during trading hours on Wednesday, reaching $143.31. 1,207,660 shares of the company traded hands, compared to its average volume of 673,959. The firm’s 50-day moving average is $153.59 and its 200-day moving average is $147.94. The stock has a market cap of $18.51 billion, a P/E ratio of 31.13, a P/E/G ratio of 2.08 and a beta of 0.57. The company has a debt-to-equity ratio of 3.20, a current ratio of 1.62 and a quick ratio of 1.62. Booz Allen Hamilton Holding Co. has a 1-year low of $106.90 and a 1-year high of $164.43.

Booz Allen Hamilton (NYSE:BAH) last announced its earnings results on Friday, May 24th. The business services provider reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.10. The firm had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.71 billion. Booz Allen Hamilton had a return on equity of 66.04% and a net margin of 5.57%. Booz Allen Hamilton’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.01 EPS. Equities research analysts expect that Booz Allen Hamilton Holding Co. will post 5.96 earnings per share for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Wednesday, August 14th. Booz Allen Hamilton’s dividend payout ratio (DPR) is 44.35%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. TD Cowen cut their target price on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Monday. Wells Fargo & Company raised Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and cut their target price for the stock from $168.00 to $165.00 in a research note on Monday. JPMorgan Chase & Co. increased their target price on Booz Allen Hamilton from $136.00 to $154.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Stifel Nicolaus increased their target price on Booz Allen Hamilton from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Finally, Truist Financial lowered their price target on Booz Allen Hamilton from $160.00 to $140.00 and set a “hold” rating on the stock in a report on Monday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $156.56.

Insider Transactions at Booz Allen Hamilton

In other news, CEO Horacio Rozanski sold 34,571 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $154.15, for a total transaction of $5,329,119.65. Following the sale, the chief executive officer now owns 579,025 shares in the company, valued at $89,256,703.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Horacio Rozanski sold 34,571 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $154.15, for a total transaction of $5,329,119.65. Following the sale, the chief executive officer now owns 579,025 shares in the company, valued at $89,256,703.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Kristine Anderson sold 3,644 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $154.15, for a total value of $561,722.60. Following the completion of the transaction, the chief operating officer now directly owns 72,761 shares in the company, valued at $11,216,108.15. The disclosure for this sale can be found here. Insiders have sold 58,255 shares of company stock worth $8,970,026 over the last quarter. 1.59% of the stock is currently owned by insiders.

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 also focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.