Bridges Investment Management Inc. Reduces Stock Position in Booz Allen Hamilton Holding Corporation $BAH

Bridges Investment Management Inc. cut its holdings in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 24.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 121,589 shares of the business services provider’s stock after selling 39,411 shares during the quarter. Bridges Investment Management Inc.’s holdings in Booz Allen Hamilton were worth $10,257,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of BAH. Norges Bank bought a new position in Booz Allen Hamilton during the 4th quarter worth approximately $143,749,000. AQR Capital Management LLC lifted its holdings in Booz Allen Hamilton by 48.6% during the 3rd quarter. AQR Capital Management LLC now owns 3,812,243 shares of the business services provider’s stock worth $377,488,000 after buying an additional 1,246,451 shares during the last quarter. Primecap Management Co. CA lifted its holdings in Booz Allen Hamilton by 56.6% during the 3rd quarter. Primecap Management Co. CA now owns 1,983,838 shares of the business services provider’s stock worth $198,285,000 after buying an additional 716,780 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Booz Allen Hamilton by 1,269.7% during the 3rd quarter. Victory Capital Management Inc. now owns 665,152 shares of the business services provider’s stock worth $66,482,000 after buying an additional 616,591 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Booz Allen Hamilton by 4.4% during the 3rd quarter. Vanguard Group Inc. now owns 13,719,306 shares of the business services provider’s stock worth $1,371,245,000 after buying an additional 582,069 shares during the last quarter. Institutional investors own 91.82% of the company’s stock.

Wall Street Analysts Forecast Growth

BAH has been the topic of a number of research analyst reports. William Blair reaffirmed an “outperform” rating on shares of Booz Allen Hamilton in a report on Tuesday, March 3rd. Jefferies Financial Group set a $85.00 target price on Booz Allen Hamilton in a report on Monday, May 11th. JPMorgan Chase & Co. reduced their target price on Booz Allen Hamilton from $97.00 to $85.00 and set an “underweight” rating on the stock in a report on Tuesday, May 26th. UBS Group reaffirmed a “neutral” rating and set a $83.00 target price on shares of Booz Allen Hamilton in a report on Tuesday, May 26th. Finally, Truist Financial lowered their target price on Booz Allen Hamilton from $98.00 to $85.00 and set a “hold” rating for the company in a report on Monday, April 20th. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Booz Allen Hamilton currently has an average rating of “Reduce” and a consensus target price of $88.00.

Booz Allen Hamilton Stock Down 4.3%

NYSE:BAH opened at $80.41 on Wednesday. The firm has a market capitalization of $9.63 billion, a PE ratio of 11.67, a price-to-earnings-growth ratio of 4.78 and a beta of 0.32. The stock has a 50 day moving average of $78.89 and a 200-day moving average of $82.98. Booz Allen Hamilton Holding Corporation has a 52 week low of $68.83 and a 52 week high of $120.04. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 3.55.

Booz Allen Hamilton (NYSE:BAH) last posted its earnings results on Friday, May 22nd. The business services provider reported $1.78 EPS for the quarter, beating the consensus estimate of $1.32 by $0.46. The company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $2.87 billion. Booz Allen Hamilton had a return on equity of 76.07% and a net margin of 7.59%.The business’s revenue was down 5.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.61 earnings per share. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.350 EPS. Analysts predict that Booz Allen Hamilton Holding Corporation will post 6.26 EPS for the current year.

Booz Allen Hamilton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Wednesday, June 10th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Wednesday, June 10th. Booz Allen Hamilton’s payout ratio is 34.25%.

Booz Allen Hamilton Company Profile

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.