Oregon Public Employees Retirement Fund cut its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH – Get Rating) by 7.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,958 shares of the business services provider’s stock after selling 971 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Booz Allen Hamilton were worth $1,104,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Raymond James & Associates raised its position in shares of Booz Allen Hamilton by 17.4% in the 3rd quarter. Raymond James & Associates now owns 369,694 shares of the business services provider’s stock worth $34,141,000 after acquiring an additional 54,702 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Booz Allen Hamilton in the 3rd quarter valued at $5,030,000. Canandaigua National Corp lifted its position in shares of Booz Allen Hamilton by 6.8% during the 3rd quarter. Canandaigua National Corp now owns 2,537 shares of the business services provider’s stock valued at $234,000 after acquiring an additional 161 shares during the period. Ascent Group LLC bought a new position in Booz Allen Hamilton during the second quarter worth $282,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in Booz Allen Hamilton by 11.9% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 36,837 shares of the business services provider’s stock worth $3,329,000 after purchasing an additional 3,904 shares during the period. Institutional investors own 90.68% of the company’s stock.
Wall Street Analysts Forecast Growth
BAH has been the topic of a number of research reports. StockNews.com raised Booz Allen Hamilton from a “hold” rating to a “buy” rating in a research note on Tuesday, January 10th. Morgan Stanley lifted their price target on shares of Booz Allen Hamilton from $110.00 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday, January 3rd. Truist Financial upped their price objective on shares of Booz Allen Hamilton from $100.00 to $106.00 and gave the stock a “hold” rating in a report on Monday, October 31st. Wells Fargo & Company raised their price objective on shares of Booz Allen Hamilton from $100.00 to $109.00 and gave the company an “overweight” rating in a research note on Monday, November 7th. Finally, Raymond James lowered shares of Booz Allen Hamilton from an “outperform” rating to a “market perform” rating and set a $99.00 target price on the stock. in a report on Wednesday, October 19th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $103.00.
Booz Allen Hamilton Trading Up 0.6 %
Booz Allen Hamilton (NYSE:BAH – Get Rating) last released its earnings results on Friday, October 28th. The business services provider reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.22. Booz Allen Hamilton had a net margin of 6.00% and a return on equity of 52.33%. The firm had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the previous year, the company earned $1.26 earnings per share. The company’s quarterly revenue was up 9.2% on a year-over-year basis. Equities research analysts anticipate that Booz Allen Hamilton Holding Co. will post 4.46 EPS for the current year.
Booz Allen Hamilton Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, December 2nd. Stockholders of record on Tuesday, November 15th were given a dividend of $0.43 per share. The ex-dividend date was Monday, November 14th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.82%. Booz Allen Hamilton’s dividend payout ratio is presently 43.65%.
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. The company offers consulting solutions for various domains, business strategies, human capital, and operations.
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