Booz Allen Hamilton Holding Corporation $BAH Stake Boosted by Bank of America Corp DE

Bank of America Corp DE boosted its stake in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 2.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,117,280 shares of the business services provider’s stock after buying an additional 28,462 shares during the period. Bank of America Corp DE’s holdings in Booz Allen Hamilton were worth $87,181,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Activest Wealth Management boosted its holdings in shares of Booz Allen Hamilton by 141.3% in the fourth quarter. Activest Wealth Management now owns 304 shares of the business services provider’s stock worth $26,000 after buying an additional 178 shares during the period. Torren Management LLC acquired a new stake in shares of Booz Allen Hamilton during the fourth quarter valued at approximately $26,000. Rakuten Securities Inc. raised its holdings in shares of Booz Allen Hamilton by 414.6% during the second quarter. Rakuten Securities Inc. now owns 247 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 199 shares during the period. PenderFund Capital Management Ltd. purchased a new stake in shares of Booz Allen Hamilton in the 4th quarter valued at approximately $30,000. Finally, Fulcrum Asset Management LLP purchased a new stake in shares of Booz Allen Hamilton in the 3rd quarter valued at approximately $32,000. 91.82% of the stock is owned by hedge funds and other institutional investors.

Booz Allen Hamilton Stock Performance

BAH stock opened at $75.92 on Friday. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.59 and a current ratio of 1.60. The stock has a market cap of $9.13 billion, a P/E ratio of 11.94, a P/E/G ratio of 3.95 and a beta of 0.34. The firm has a 50 day simple moving average of $69.08 and a 200 day simple moving average of $76.72. Booz Allen Hamilton Holding Corporation has a 52 week low of $59.50 and a 52 week high of $112.22.

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

Booz Allen Hamilton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Friday, August 14th. Booz Allen Hamilton’s payout ratio is currently 37.11%.

Analysts Set New Price Targets

Several research firms have weighed in on BAH. Jefferies Financial Group set a $85.00 price objective on shares of Booz Allen Hamilton in a research report on Monday, May 11th. Truist Financial reduced their target price on Booz Allen Hamilton from $85.00 to $70.00 and set a “hold” rating for the company in a report on Friday, July 10th. Cantor Fitzgerald decreased their target price on Booz Allen Hamilton from $160.00 to $140.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. Bank of America lowered their price target on Booz Allen Hamilton from $90.00 to $75.00 and set an “underperform” rating on the stock in a report on Monday, July 20th. Finally, BNP Paribas Exane started coverage on Booz Allen Hamilton in a research report on Wednesday, May 27th. They set a “neutral” rating and a $80.00 price target on the stock. Three 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 company. Based on data from MarketBeat.com, Booz Allen Hamilton presently has an average rating of “Reduce” and a consensus price target of $84.08.

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.