New York State Common Retirement Fund Sells 4,700 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

New York State Common Retirement Fund lowered its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 5.2% in the fourth quarter, Holdings Channel reports. The fund owned 85,791 shares of the business services provider’s stock after selling 4,700 shares during the quarter. New York State Common Retirement Fund’s holdings in Booz Allen Hamilton were worth $11,041,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Creative Planning lifted its stake in Booz Allen Hamilton by 11.3% in the 3rd quarter. Creative Planning now owns 7,485 shares of the business services provider’s stock valued at $1,218,000 after purchasing an additional 758 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Booz Allen Hamilton by 47.5% during the third quarter. Sequoia Financial Advisors LLC now owns 2,729 shares of the business services provider’s stock worth $444,000 after buying an additional 879 shares in the last quarter. Forsta AP Fonden lifted its stake in shares of Booz Allen Hamilton by 10.9% in the 3rd quarter. Forsta AP Fonden now owns 27,500 shares of the business services provider’s stock valued at $4,476,000 after acquiring an additional 2,700 shares during the last quarter. Arkadios Wealth Advisors boosted its holdings in shares of Booz Allen Hamilton by 12.0% during the 3rd quarter. Arkadios Wealth Advisors now owns 1,627 shares of the business services provider’s stock valued at $265,000 after acquiring an additional 174 shares in the last quarter. Finally, Smith Group Asset Management LLC bought a new stake in Booz Allen Hamilton during the 3rd quarter worth $308,000. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Booz Allen Hamilton Stock Performance

BAH stock opened at $112.17 on Tuesday. The firm has a market cap of $14.21 billion, a PE ratio of 16.72, a price-to-earnings-growth ratio of 1.26 and a beta of 0.55. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.72. The stock has a 50-day moving average price of $128.99 and a 200-day moving average price of $147.54. Booz Allen Hamilton Holding Co. has a 1-year low of $106.69 and a 1-year high of $190.59.

Booz Allen Hamilton (NYSE:BAH) last issued its earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.07. Booz Allen Hamilton had a return on equity of 68.97% and a net margin of 7.39%. As a group, equities research analysts expect that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 14th will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.51. This represents a $2.20 annualized dividend and a yield of 1.96%. Booz Allen Hamilton’s dividend payout ratio is currently 32.79%.

Analyst Ratings Changes

Several equities analysts have commented on BAH shares. Raymond James upgraded Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 target price for the company in a research report on Monday, February 3rd. Wells Fargo & Company cut their target price on shares of Booz Allen Hamilton from $177.00 to $171.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. TD Cowen reduced their target price on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Cantor Fitzgerald started coverage on shares of Booz Allen Hamilton in a research note on Friday, February 7th. They set an “overweight” rating and a $160.00 price target for the company. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating on the stock in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Booz Allen Hamilton currently has an average rating of “Hold” and a consensus target price of $158.91.

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