Illinois Municipal Retirement Fund Boosts Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Illinois Municipal Retirement Fund raised its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 12.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,404 shares of the business services provider’s stock after buying an additional 8,174 shares during the period. Illinois Municipal Retirement Fund owned approximately 0.06% of Booz Allen Hamilton worth $9,704,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BAH. Bogart Wealth LLC boosted its position in Booz Allen Hamilton by 387.5% in the 4th quarter. Bogart Wealth LLC now owns 195 shares of the business services provider’s stock valued at $25,000 after buying an additional 155 shares during the last quarter. Peterson Financial Group Inc. purchased a new position in Booz Allen Hamilton in the 3rd quarter valued at about $31,000. R Squared Ltd purchased a new position in Booz Allen Hamilton in the 4th quarter valued at about $31,000. Roxbury Financial LLC bought a new position in shares of Booz Allen Hamilton during the fourth quarter worth about $35,000. Finally, Berbice Capital Management LLC bought a new position in shares of Booz Allen Hamilton during the fourth quarter worth about $39,000. 91.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on BAH shares. Jefferies Financial Group cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and increased their price target for the stock from $180.00 to $190.00 in a research report on Monday, November 4th. Barclays raised shares of Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price target on the stock in a research report on Monday, January 6th. Wells Fargo & Company reduced their price target on shares of Booz Allen Hamilton from $177.00 to $171.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. TD Cowen reduced their price target on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Finally, Cantor Fitzgerald started coverage on shares of Booz Allen Hamilton in a research report on Friday, February 7th. They set an “overweight” rating and a $160.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Booz Allen Hamilton presently has a consensus rating of “Hold” and an average target price of $158.91.

Booz Allen Hamilton Price Performance

BAH opened at $114.72 on Wednesday. The firm has a market cap of $14.53 billion, a price-to-earnings ratio of 17.10, a price-to-earnings-growth ratio of 1.25 and a beta of 0.55. Booz Allen Hamilton Holding Co. has a fifty-two week low of $106.69 and a fifty-two week high of $190.59. The company’s 50-day moving average price is $128.57 and its 200 day moving average price is $147.30. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 2.72.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 EPS for the quarter, beating the consensus estimate of $1.48 by $0.07. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. As a group, sell-side analysts expect that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be paid a $0.55 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.20 annualized dividend and a dividend yield of 1.92%. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.51. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 32.79%.

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.