Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio trimmed its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 8.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,068 shares of the business services provider’s stock after selling 4,626 shares during the period. Public Employees Retirement System of Ohio’s holdings in Booz Allen Hamilton were worth $7,284,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise increased its position in shares of Booz Allen Hamilton by 112.4% during the first quarter. Banque Cantonale Vaudoise now owns 206 shares of the business services provider’s stock worth $31,000 after acquiring an additional 109 shares during the last quarter. Smithfield Trust Co raised its position in shares of Booz Allen Hamilton by 87.7% in the 4th quarter. Smithfield Trust Co now owns 259 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 121 shares in the last quarter. MCF Advisors LLC boosted its stake in shares of 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 buying an additional 115 shares during the last quarter. Crewe Advisors LLC acquired a new stake in shares of Booz Allen Hamilton during the first quarter worth approximately $35,000. Finally, Riverview Trust Co acquired a new stake in shares of Booz Allen Hamilton during the first quarter worth approximately $39,000. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on BAH. Truist Financial cut their price target on shares of Booz Allen Hamilton from $160.00 to $140.00 and set a “hold” rating on the stock in a report on Monday. JPMorgan Chase & Co. boosted their price objective on Booz Allen Hamilton from $136.00 to $154.00 and gave the company a “neutral” rating in a report on Wednesday, July 10th. TD Cowen reduced their target price on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Monday. Stifel Nicolaus upped their price target on Booz Allen Hamilton from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. Finally, Barclays decreased their price objective on shares of Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating for the company in a report on Tuesday. 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 stock. According to data from MarketBeat, Booz Allen Hamilton has a consensus rating of “Moderate Buy” and a consensus target price of $156.56.

Insider Buying and Selling at Booz Allen Hamilton

In other news, EVP Richard Crowe sold 180 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 value of $27,747.00. Following the completion of the sale, the executive vice president now owns 17,486 shares of the company’s stock, valued at $2,695,466.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Horacio Rozanski sold 34,571 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $154.15, for a total value of $5,329,119.65. Following the completion of the sale, the chief executive officer now directly owns 579,025 shares of the company’s stock, 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, EVP Richard Crowe sold 180 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $154.15, for a total transaction of $27,747.00. Following the transaction, the executive vice president now directly owns 17,486 shares in the company, valued at $2,695,466.90. The disclosure for this sale can be found here. Insiders have sold a total of 58,255 shares of company stock valued at $8,970,026 in the last three months. 1.59% of the stock is currently owned by company insiders.

Booz Allen Hamilton Price Performance

Shares of BAH traded up $0.51 during trading hours on Tuesday, hitting $145.00. 75,499 shares of the company were exchanged, compared to its average volume of 662,376. The firm has a fifty day simple moving average of $153.90 and a 200-day simple moving average of $147.87. The company has a market capitalization of $18.75 billion, a PE ratio of 31.38, a PEG ratio of 2.03 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 one year low of $106.90 and a one year high of $164.43.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings results on Friday, May 24th. The business services provider reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.10. Booz Allen Hamilton had a return on equity of 66.04% and a net margin of 5.57%. The business had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same quarter last year, the company posted $1.01 EPS. Booz Allen Hamilton’s revenue for the quarter was up 13.9% on a year-over-year basis. As a group, sell-side analysts predict that Booz Allen Hamilton Holding Co. will post 5.93 earnings per share for the current year.

Booz Allen Hamilton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Wednesday, August 14th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Wednesday, August 14th. Booz Allen Hamilton’s dividend payout ratio is 44.35%.

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