Maryland State Retirement & Pension System Reduces Stock Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Maryland State Retirement & Pension System lowered its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 8.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,732 shares of the business services provider’s stock after selling 583 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Booz Allen Hamilton were worth $866,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of BAH. Geode Capital Management LLC grew its holdings in shares of Booz Allen Hamilton by 2.5% during the third quarter. Geode Capital Management LLC now owns 2,341,533 shares of the business services provider’s stock worth $381,898,000 after purchasing an additional 58,038 shares in the last quarter. Raymond James Financial Inc. bought a new position in Booz Allen Hamilton during the 4th quarter worth approximately $173,055,000. Bank Julius Baer & Co. Ltd Zurich grew its holdings in shares of Booz Allen Hamilton by 11.8% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,342,528 shares of the business services provider’s stock worth $184,347,000 after purchasing an additional 141,541 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Booz Allen Hamilton by 28.5% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,288,101 shares of the business services provider’s stock valued at $209,651,000 after acquiring an additional 285,621 shares during the period. Finally, Van ECK Associates Corp increased its holdings in Booz Allen Hamilton by 51.7% during the 4th quarter. Van ECK Associates Corp now owns 951,605 shares of the business services provider’s stock valued at $122,472,000 after purchasing an additional 324,159 shares during the period. 91.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on BAH. UBS Group started coverage on Booz Allen Hamilton in a research report on Monday, December 2nd. They issued a “neutral” rating and a $159.00 target price for the company. JPMorgan Chase & Co. reduced their price target on shares of Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating for the company in a research report on Monday, February 3rd. The Goldman Sachs Group decreased their price objective on shares of Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating for the company in a report on Thursday, December 12th. TD Cowen dropped 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. Finally, Barclays upgraded shares of Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 target price for the company in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $158.27.

Booz Allen Hamilton Stock Performance

Shares of BAH opened at $104.23 on Monday. Booz Allen Hamilton Holding Co. has a 52 week low of $101.05 and a 52 week high of $190.59. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 2.72. The stock has a market cap of $13.20 billion, a price-to-earnings ratio of 15.53, a PEG ratio of 1.25 and a beta of 0.56. The business has a 50-day simple moving average of $121.39 and a two-hundred day simple moving average of $141.89.

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

Booz Allen Hamilton Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.11%. The ex-dividend date was Friday, February 14th. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.51. Booz Allen Hamilton’s payout ratio is currently 32.79%.

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.