California State Teachers Retirement System grew its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 0.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 267,072 shares of the business services provider’s stock after acquiring an additional 2,442 shares during the period. California State Teachers Retirement System’s holdings in Booz Allen Hamilton were worth $21,507,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Central Bank & Trust Co. acquired a new stake in Booz Allen Hamilton during the first quarter worth approximately $31,000. Arkadios Wealth Advisors acquired a new stake in Booz Allen Hamilton during the first quarter worth approximately $36,000. Allworth Financial LP acquired a new stake in Booz Allen Hamilton during the first quarter worth approximately $46,000. First Horizon Advisors Inc. lifted its position in Booz Allen Hamilton by 90.0% during the first quarter. First Horizon Advisors Inc. now owns 625 shares of the business services provider’s stock worth $49,000 after acquiring an additional 296 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its position in Booz Allen Hamilton by 7,141.7% during the first quarter. Meeder Asset Management Inc. now owns 869 shares of the business services provider’s stock worth $70,000 after acquiring an additional 857 shares during the last quarter. Hedge funds and other institutional investors own 88.77% of the company’s stock.
NYSE BAH opened at $88.80 on Thursday. The business’s fifty day moving average is $86.48. The company has a market capitalization of $12.02 billion, a PE ratio of 22.93, a PEG ratio of 1.95 and a beta of 0.73. Booz Allen Hamilton Holding Co. has a fifty-two week low of $72.85 and a fifty-two week high of $100.26. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 2.13.
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 30th. Shareholders of record on Tuesday, June 15th were paid a dividend of $0.37 per share. The ex-dividend date was Monday, June 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.67%. Booz Allen Hamilton’s payout ratio is presently 37.95%.
In related news, EVP Karen M. Dahut sold 42,495 shares of the business’s stock in a transaction on Friday, July 16th. The shares were sold at an average price of $89.49, for a total value of $3,802,877.55. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gretchen W. Mcclain sold 2,000 shares of the business’s stock in a transaction on Thursday, June 10th. The stock was sold at an average price of $87.55, for a total transaction of $175,100.00. The disclosure for this sale can be found here. Insiders own 1.92% of the company’s stock.
A number of equities research analysts have recently weighed in on the stock. Barclays lifted their price target on shares of Booz Allen Hamilton from $78.00 to $85.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 12th. Wells Fargo & Company assumed coverage on shares of Booz Allen Hamilton in a research report on Tuesday, May 18th. They issued an “overweight” rating and a $96.00 price target for the company. William Blair reiterated a “buy” rating on shares of Booz Allen Hamilton in a research report on Friday, June 11th. Morgan Stanley lifted their price target on shares of Booz Allen Hamilton from $94.00 to $97.00 and gave the company an “overweight” rating in a research report on Friday, June 18th. Finally, Zacks Investment Research raised shares of Booz Allen Hamilton from a “sell” rating to a “hold” rating and set a $90.00 price objective on the stock in a research note on Tuesday, May 25th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $90.00.
Booz Allen Hamilton Company Profile
Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital, mission operations, and cyber solutions to governments, corporations, and not-for-profit organizations in the United States and internationally. The company offers consulting solutions for various domains, business strategies, human capital, and operations.
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