Quantinno Capital Management LP increased its position in Booz Allen Hamilton Holding Corporation (NYSE:BAH – Free Report) by 87.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,463 shares of the business services provider’s stock after purchasing an additional 24,948 shares during the quarter. Quantinno Capital Management LP’s holdings in Booz Allen Hamilton were worth $4,172,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BAH. SummitTX Capital L.P. bought a new position in shares of Booz Allen Hamilton in the 1st quarter valued at about $438,000. Weiss Asset Management LP bought a new stake in shares of Booz Allen Hamilton during the first quarter worth approximately $12,945,000. OMERS ADMINISTRATION Corp lifted its holdings in Booz Allen Hamilton by 12.7% in the first quarter. OMERS ADMINISTRATION Corp now owns 5,258 shares of the business services provider’s stock valued at $410,000 after buying an additional 591 shares during the period. Sei Investments Co. lifted its holdings in Booz Allen Hamilton by 9.5% in the first quarter. Sei Investments Co. now owns 283,549 shares of the business services provider’s stock valued at $22,125,000 after buying an additional 24,517 shares during the period. Finally, Cassaday & Co Wealth Management LLC bought a new position in Booz Allen Hamilton in the first quarter valued at approximately $184,000. 91.82% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several analysts have commented on the stock. TD Cowen dropped their target price on shares of Booz Allen Hamilton from $85.00 to $70.00 and set a “hold” rating for the company in a research report on Tuesday, July 7th. BNP Paribas Exane started coverage on Booz Allen Hamilton in a research report on Wednesday, May 27th. They issued a “neutral” rating and a $80.00 price target on the stock. Weiss Ratings cut Booz Allen Hamilton from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, July 8th. JPMorgan Chase & Co. dropped their price objective on Booz Allen Hamilton from $97.00 to $85.00 and set an “underweight” rating for the company in a report on Tuesday, May 26th. Finally, Truist Financial reduced their target price on Booz Allen Hamilton from $85.00 to $70.00 and set a “hold” rating on the stock in a report on Friday, July 10th. Three 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. According to MarketBeat.com, Booz Allen Hamilton presently has a consensus rating of “Reduce” and an average price target of $84.08.
Booz Allen Hamilton Price Performance
NYSE BAH 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 price-to-earnings ratio of 11.94, a PEG ratio of 3.84 and a beta of 0.34. The business 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 – Get Free Report) last announced its quarterly earnings results on Friday, July 24th. The business services provider reported $1.81 earnings per share 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 net margin of 7.01% and a return on equity of 76.71%. The business’s revenue was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.48 earnings per share. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.35 EPS. Analysts anticipate that Booz Allen Hamilton Holding Corporation will post 6.3 earnings per share for the current fiscal year.
Booz Allen Hamilton Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Friday, August 14th. Booz Allen Hamilton’s payout ratio is currently 37.11%.
Booz Allen Hamilton 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.
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