Bartlett & CO. Wealth Management LLC Lowers Holdings in Booz Allen Hamilton Holding Corporation $BAH

Bartlett & CO. Wealth Management LLC decreased its position in Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 61.9% during the 1st quarter, Holdings Channel reports. The fund owned 28,243 shares of the business services provider’s stock after selling 45,954 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Booz Allen Hamilton were worth $2,198,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in BAH. Vanguard Group Inc. boosted its holdings in Booz Allen Hamilton by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 13,946,447 shares of the business services provider’s stock valued at $1,176,522,000 after purchasing an additional 227,141 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of Booz Allen Hamilton by 38.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,528,226 shares of the business services provider’s stock worth $550,722,000 after buying an additional 1,811,906 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Booz Allen Hamilton by 36.0% during the 4th quarter. First Trust Advisors LP now owns 4,856,528 shares of the business services provider’s stock worth $409,697,000 after buying an additional 1,285,475 shares in the last quarter. Primecap Management Co. CA lifted its holdings in shares of Booz Allen Hamilton by 135.2% in the 4th quarter. Primecap Management Co. CA now owns 4,666,298 shares of the business services provider’s stock valued at $393,649,000 after buying an additional 2,682,460 shares during the period. Finally, State Street Corp lifted its holdings in shares of Booz Allen Hamilton by 53.2% in the 4th quarter. State Street Corp now owns 4,402,897 shares of the business services provider’s stock valued at $371,428,000 after buying an additional 1,528,739 shares during the period. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on BAH shares. TD Cowen dropped their price objective on Booz Allen Hamilton from $85.00 to $70.00 and set a “hold” rating on the stock in a report on Tuesday, July 7th. BNP Paribas Exane started coverage on shares of Booz Allen Hamilton in a research report on Wednesday, May 27th. They set a “neutral” rating and a $80.00 target price on the stock. Wells Fargo & Company started coverage on shares of Booz Allen Hamilton in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $85.00 price target on the stock. Jefferies Financial Group set a $85.00 price target on shares of Booz Allen Hamilton in a report on Monday, May 11th. Finally, Stifel Nicolaus set a $110.00 price objective on shares of Booz Allen Hamilton and gave the company a “buy” rating in a research note on Tuesday, May 26th. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $81.08.

Booz Allen Hamilton Stock Performance

Shares of BAH opened at $65.23 on Friday. Booz Allen Hamilton Holding Corporation has a 12-month low of $59.50 and a 12-month high of $120.04. The stock has a market cap of $7.81 billion, a P/E ratio of 9.47, a PEG ratio of 3.72 and a beta of 0.36. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 3.55. The company has a 50-day moving average of $71.07 and a two-hundred day moving average of $78.92.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings data on Friday, May 22nd. The business services provider reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.46. Booz Allen Hamilton had a net margin of 7.59% and a return on equity of 76.07%. The business had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $2.87 billion. During the same period last year, the company posted $1.61 EPS. The company’s revenue was down 5.9% on a year-over-year basis. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.350 EPS. As a group, research analysts predict that Booz Allen Hamilton Holding Corporation will post 6.27 EPS for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Wednesday, June 10th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.6%. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 34.25%.

About Booz Allen Hamilton

Booz Allen Hamilton Holding Corporation is a publicly traded management and technology consulting firm headquartered in McLean, Virginia. The company provides a wide range of professional services and solutions in strategy, analytics, digital transformation, engineering and cyber security. Its expertise spans from supporting federal civilian agencies to defense, intelligence and homeland security organizations, as well as select commercial industries.

Key offerings include data analytics and artificial intelligence applications, software development and modernization, systems integration, and cyber risk management.