Kentucky Retirement Systems Insurance Trust Fund Takes $383,000 Position in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,666 shares of the business services provider’s stock, valued at approximately $383,000.

Other large investors also recently modified their holdings of the company. OFI Invest Asset Management purchased a new stake in Booz Allen Hamilton in the 4th quarter worth $25,000. MassMutual Private Wealth & Trust FSB lifted its stake in Booz Allen Hamilton by 74.5% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 246 shares of the business services provider’s stock worth $26,000 after purchasing an additional 105 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Booz Allen Hamilton by 144.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider’s stock worth $29,000 after purchasing an additional 134 shares in the last quarter. SRS Capital Advisors Inc. lifted its stake in Booz Allen Hamilton by 3,314.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider’s stock worth $31,000 after purchasing an additional 232 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Booz Allen Hamilton in the 4th quarter worth $33,000. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Trading Up 1.1%

Shares of NYSE:BAH opened at $101.24 on Thursday. The business’s 50-day moving average is $112.87 and its 200 day moving average is $118.46. The company has a debt-to-equity ratio of 3.90, a current ratio of 1.79 and a quick ratio of 1.79. Booz Allen Hamilton Holding Corporation has a 1 year low of $98.95 and a 1 year high of $190.59. The firm has a market capitalization of $12.57 billion, a P/E ratio of 13.96, a P/E/G ratio of 1.56 and a beta of 0.49.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings data on Friday, May 23rd. The business services provider reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.02. The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $3.03 billion. Booz Allen Hamilton had a net margin of 7.81% and a return on equity of 72.35%. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.33 earnings per share. On average, research analysts predict that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Wednesday, June 11th will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $2.20 dividend on an annualized basis and a yield of 2.17%. Booz Allen Hamilton’s payout ratio is 30.34%.

Analyst Ratings Changes

Several analysts have recently issued reports on BAH shares. UBS Group upped their target price on shares of Booz Allen Hamilton from $120.00 to $135.00 and gave the company a “neutral” rating in a research report on Monday, May 19th. JPMorgan Chase & Co. decreased their target price on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 15th. Wall Street Zen cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Saturday, May 24th. Barclays decreased their target price on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 28th. Finally, Wells Fargo & Company decreased their target price on shares of Booz Allen Hamilton from $148.00 to $135.00 and set an “overweight” rating on the stock in a research report on Friday, May 23rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $134.64.

Booz Allen Hamilton 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. It focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.