143,856 Shares in Booz Allen Hamilton Holding Corporation $BAH Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 143,856 shares of the business services provider’s stock, valued at approximately $9,986,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Axiom Investment Management LLC purchased a new stake in Booz Allen Hamilton during the 1st quarter valued at $44,000. Versant Capital Management Inc increased its holdings in shares of Booz Allen Hamilton by 1,122.9% in the 2nd quarter. Versant Capital Management Inc now owns 587 shares of the business services provider’s stock worth $36,000 after purchasing an additional 539 shares in the last quarter. Pinnacle Wealth Planning Services Inc. increased its holdings in shares of Booz Allen Hamilton by 967.9% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 598 shares of the business services provider’s stock worth $42,000 after purchasing an additional 542 shares in the last quarter. Root Financial Partners LLC purchased a new position in shares of Booz Allen Hamilton in the third quarter worth $49,000. Finally, Signaturefd LLC raised its stake in shares of Booz Allen Hamilton by 42.2% in the third quarter. Signaturefd LLC now owns 734 shares of the business services provider’s stock worth $51,000 after purchasing an additional 218 shares during the last quarter. 91.82% of the stock is owned by institutional investors.

Insider Buying and Selling at Booz Allen Hamilton

In related news, EVP Buffum Fitzgerald sold 2,105 shares of the company’s stock in a transaction on Wednesday, October 28th. The stock was sold at an average price of $82.90, for a total transaction of $174,504.50. Following the completion of the sale, the executive vice president owned 5,087 shares in the company, valued at approximately $421,712.30. This represents a 29.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Joshua Petty sold 1,500 shares of the company’s stock in a transaction on Wednesday, October 28th. The shares were sold at an average price of $82.92, for a total value of $124,380.00. Following the sale, the executive vice president owned 8,538 shares of the company’s stock, valued at approximately $707,970.96. This trade represents a 14.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BAH. The Goldman Sachs Group lowered their price target on Booz Allen Hamilton from $74.00 to $65.00 and set a “sell” rating on the stock in a report on Tuesday, July 14th. National Bank Financial set a $95.00 price objective on Booz Allen Hamilton in a report on Monday, October 26th. 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 reissued an “underperform” rating on shares of Booz Allen Hamilton in a research report on Monday, October 26th. Finally, TD Cowen upgraded shares of Booz Allen Hamilton from a “hold” rating to a “buy” rating and upped their target price for the company from $77.00 to $95.00 in a research note on Monday, October 26th. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Booz Allen Hamilton currently has an average rating of “Hold” and an average target price of $89.29.

Booz Allen Hamilton Trading Up 1.5%

Shares of BAH stock opened at $88.33 on Thursday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 3.53. Booz Allen Hamilton Holding Corporation has a 12-month low of $59.50 and a 12-month high of $109.10. The stock has a market capitalization of $10.48 billion, a P/E ratio of 13.72, a P/E/G ratio of 1.98 and a beta of 0.28. The firm’s 50 day moving average is $75.86 and its 200 day moving average is $76.58.

Booz Allen Hamilton (NYSE:BAH) last announced its earnings results on Friday, October 23rd. The business services provider reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.28. The business had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.81 billion. Booz Allen Hamilton had a net margin of 7.14% and a return on equity of 75.00%. The company’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.49 EPS. Booz Allen Hamilton has set its FY 2027 guidance at 6.500-6.700 EPS. Research analysts expect that Booz Allen Hamilton Holding Corporation will post 6.61 earnings per share for the current year.

Booz Allen Hamilton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Thursday, November 12th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $2.36 annualized dividend and a dividend yield of 2.7%. Booz Allen Hamilton’s payout ratio is presently 36.65%.

About Booz Allen Hamilton

Booz Allen Hamilton Holding Corporation is a management and technology consulting company that provides services primarily to governments, defense and intelligence organizations, and commercial clients. The company helps organizations address complex challenges involving strategy, technology modernization, cybersecurity, data and analytics, artificial intelligence, engineering, and mission operations.

Its government-related work spans defense, national security, intelligence, civil government, and health markets.