Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lifted its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 12.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 75,404 shares of the business services provider’s stock after acquiring an additional 8,174 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Booz Allen Hamilton were worth $9,704,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in BAH. Bogart Wealth LLC increased its stake in shares of Booz Allen Hamilton by 387.5% during the fourth quarter. Bogart Wealth LLC now owns 195 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 155 shares during the period. Peterson Financial Group Inc. acquired a new position in shares of Booz Allen Hamilton during the third quarter valued at approximately $31,000. R Squared Ltd acquired a new position in shares of Booz Allen Hamilton during the fourth quarter valued at approximately $31,000. Roxbury Financial LLC acquired a new position in shares of Booz Allen Hamilton during the fourth quarter valued at approximately $35,000. Finally, Berbice Capital Management LLC acquired a new position in shares of Booz Allen Hamilton during the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 91.82% of the company’s stock.

Booz Allen Hamilton Trading Up 2.0 %

Booz Allen Hamilton stock opened at $114.72 on Wednesday. The company has a 50 day moving average price of $128.57 and a 200 day moving average price of $147.30. Booz Allen Hamilton Holding Co. has a 52 week low of $106.69 and a 52 week high of $190.59. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a market capitalization of $14.53 billion, a price-to-earnings ratio of 17.10, a P/E/G ratio of 1.25 and a beta of 0.55.

Booz Allen Hamilton (NYSE:BAH) last released its earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.07. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. Research analysts forecast that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current year.

Booz Allen Hamilton Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be given a $0.55 dividend. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.51. The ex-dividend date is Friday, February 14th. This represents a $2.20 dividend on an annualized basis and a yield of 1.92%. Booz Allen Hamilton’s dividend payout ratio is presently 32.79%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on BAH shares. UBS Group started coverage on shares of Booz Allen Hamilton in a report on Monday, December 2nd. They set a “neutral” rating and a $159.00 target price for the company. William Blair cut shares of Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. Jefferies Financial Group cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and raised their target price for the stock from $180.00 to $190.00 in a report on Monday, November 4th. Cantor Fitzgerald started coverage on shares of Booz Allen Hamilton in a report on Friday, February 7th. They set an “overweight” rating and a $160.00 target price for the company. Finally, TD Cowen reduced their target price on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $158.91.

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