California Public Employees Retirement System Lowers Stock Position in Booz Allen Hamilton Holding Corporation $BAH

California Public Employees Retirement System cut its stake in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 29.8% in the 1st quarter, HoldingsChannel reports. The firm owned 228,652 shares of the business services provider’s stock after selling 97,081 shares during the period. California Public Employees Retirement System’s holdings in Booz Allen Hamilton were worth $17,842,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of BAH. Activest Wealth Management raised its position in shares of Booz Allen Hamilton by 141.3% during the 4th quarter. Activest Wealth Management now owns 304 shares of the business services provider’s stock valued at $26,000 after buying an additional 178 shares in the last quarter. Torren Management LLC purchased a new position in Booz Allen Hamilton in the fourth quarter worth $26,000. Rakuten Securities Inc. grew its position in Booz Allen Hamilton by 414.6% in the second quarter. Rakuten Securities Inc. now owns 247 shares of the business services provider’s stock worth $26,000 after acquiring an additional 199 shares in the last quarter. PenderFund Capital Management Ltd. bought a new position in Booz Allen Hamilton in the fourth quarter valued at $30,000. Finally, Fulcrum Asset Management LLP bought a new position in Booz Allen Hamilton in the third quarter valued at $32,000. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Price Performance

Shares of NYSE:BAH opened at $65.88 on Friday. The stock has a market cap of $7.89 billion, a PE ratio of 9.56, a PEG ratio of 3.42 and a beta of 0.36. The company’s fifty day moving average is $70.37 and its 200 day moving average is $78.32. Booz Allen Hamilton Holding Corporation has a 52 week low of $59.50 and a 52 week high of $120.04. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 3.55.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings results on Friday, May 22nd. The business services provider reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.46. Booz Allen Hamilton had a net margin of 7.59% and a return on equity of 76.07%. The business had revenue of $1.91 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same period in the prior year, the business posted $1.61 earnings per share. The company’s revenue was down 5.9% on a year-over-year basis. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.350 EPS. Research analysts anticipate that Booz Allen Hamilton Holding Corporation will post 6.31 earnings per share for the current year.

Booz Allen Hamilton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Wednesday, June 10th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Wednesday, June 10th. Booz Allen Hamilton’s payout ratio is 34.25%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. The Goldman Sachs Group dropped their price target on Booz Allen Hamilton from $74.00 to $65.00 and set a “sell” rating for the company in a research note on Tuesday, July 14th. Truist Financial reduced their price objective on Booz Allen Hamilton from $85.00 to $70.00 and set a “hold” rating on the stock in a research report on Friday, July 10th. Citigroup decreased their price objective on Booz Allen Hamilton from $88.00 to $69.00 and set a “neutral” rating on the stock in a report on Wednesday, July 1st. Stifel Nicolaus set a $110.00 target price on Booz Allen Hamilton and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $83.00 target price on shares of Booz Allen Hamilton in a research note on Tuesday, May 26th. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $84.46.

Booz Allen Hamilton Company 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.