Royal Bank of Canada Sells 74,118 Shares of Booz Allen Hamilton Holding Corporation $BAH

Royal Bank of Canada lessened its stake in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 49.8% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 74,700 shares of the business services provider’s stock after selling 74,118 shares during the period. Royal Bank of Canada’s holdings in Booz Allen Hamilton were worth $5,827,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of BAH. Empowered Funds LLC boosted its holdings in shares of Booz Allen Hamilton by 508.3% during the 1st quarter. Empowered Funds LLC now owns 36,580 shares of the business services provider’s stock valued at $2,854,000 after acquiring an additional 30,567 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Booz Allen Hamilton by 93.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 171,988 shares of the business services provider’s stock worth $13,420,000 after purchasing an additional 82,882 shares in the last quarter. Quantinno Capital Management LP raised its position in Booz Allen Hamilton by 87.5% in the first quarter. Quantinno Capital Management LP now owns 53,463 shares of the business services provider’s stock valued at $4,172,000 after purchasing an additional 24,948 shares during the last quarter. SummitTX Capital L.P. bought a new position in Booz Allen Hamilton in the first quarter valued at about $438,000. Finally, Weiss Asset Management LP acquired a new stake in shares of Booz Allen Hamilton during the first quarter valued at about $12,945,000. 91.82% of the stock is currently owned by institutional investors.

Booz Allen Hamilton Stock Up 1.1%

Shares of BAH opened at $78.77 on Wednesday. The company has a market capitalization of $9.47 billion, a PE ratio of 12.38, a PEG ratio of 4.04 and a beta of 0.34. Booz Allen Hamilton Holding Corporation has a 12 month low of $59.50 and a 12 month high of $112.22. The stock’s 50-day moving average price is $68.91 and its two-hundred day moving average price is $76.34. The company has a current ratio of 1.60, a quick ratio of 1.59 and a debt-to-equity ratio of 3.26.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings results on Friday, July 24th. The business services provider reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.32. The firm had revenue of $1.97 billion for the quarter, compared to analyst estimates of $2.81 billion. Booz Allen Hamilton had a return on equity of 76.71% and a net margin of 7.01%.The business’s revenue was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.48 EPS. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.35 EPS. On average, analysts anticipate that Booz Allen Hamilton Holding Corporation will post 6.3 EPS for the current year.

Booz Allen Hamilton Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a $0.59 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.36 annualized dividend and a yield of 3.0%. Booz Allen Hamilton’s dividend payout ratio is presently 37.11%.

Analysts Set New Price Targets

BAH has been the topic of several research reports. Citigroup reduced their price target on Booz Allen Hamilton from $88.00 to $69.00 and set a “neutral” rating on the stock in a report on Wednesday, July 1st. The Goldman Sachs Group dropped their price objective on shares of Booz Allen Hamilton from $74.00 to $65.00 and set a “sell” rating for the company in a report on Tuesday, July 14th. Weiss Ratings downgraded shares of Booz Allen Hamilton from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, July 8th. BNP Paribas Exane assumed coverage on shares of Booz Allen Hamilton in a report on Wednesday, May 27th. They set a “neutral” rating and a $80.00 target price on the stock. Finally, UBS Group upped their price target on shares of Booz Allen Hamilton from $70.00 to $78.00 and gave the company a “neutral” rating in a research report on Monday, July 27th. Three equities research 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. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $84.08.

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.