Westpac Banking Corp trimmed its position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH – Free Report) by 90.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,682 shares of the business services provider’s stock after selling 16,065 shares during the period. Westpac Banking Corp’s holdings in Booz Allen Hamilton were worth $142,000 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. Norges Bank acquired a new stake in shares of Booz Allen Hamilton in the fourth quarter valued at approximately $143,749,000. AQR Capital Management LLC grew its position in Booz Allen Hamilton by 48.6% during the third 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 in the last quarter. Primecap Management Co. CA lifted its position in shares of 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 valued at $198,285,000 after acquiring an additional 716,780 shares during the period. Victory Capital Management Inc. grew its holdings in shares of 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 purchasing an additional 616,591 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Booz Allen Hamilton by 4.4% in the third quarter. Vanguard Group Inc. now owns 13,719,306 shares of the business services provider’s stock worth $1,371,245,000 after purchasing an additional 582,069 shares during the period. 91.82% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on BAH shares. Truist Financial cut their price objective on shares of Booz Allen Hamilton from $98.00 to $85.00 and set a “hold” rating for the company in a research report on Monday, April 20th. Citigroup decreased their target price on shares of Booz Allen Hamilton from $109.00 to $87.00 and set a “neutral” rating on the stock in a report on Thursday, April 2nd. BNP Paribas Exane initiated coverage on shares of Booz Allen Hamilton in a report on Wednesday, May 27th. They set a “neutral” rating and a $80.00 price target for the company. TD Cowen reiterated a “hold” rating on shares of Booz Allen Hamilton in a research report on Tuesday, May 26th. Finally, Jefferies Financial Group set a $85.00 target price on Booz Allen Hamilton in a research report on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $88.00.
Booz Allen Hamilton Stock Performance
NYSE BAH opened at $79.93 on Friday. Booz Allen Hamilton Holding Corporation has a 1 year low of $68.83 and a 1 year high of $120.04. The company has a fifty day moving average price of $78.90 and a 200-day moving average price of $82.89. The company has a debt-to-equity ratio of 3.55, a current ratio of 1.78 and a quick ratio of 1.78. The firm has a market cap of $9.57 billion, a price-to-earnings ratio of 11.60, a PEG ratio of 4.46 and a beta of 0.32.
Booz Allen Hamilton (NYSE:BAH – Get Free Report) last issued its quarterly earnings results on Friday, May 22nd. The business services provider reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.46. The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $2.87 billion. Booz Allen Hamilton had a return on equity of 76.07% and a net margin of 7.59%.Booz Allen Hamilton’s revenue was down 5.9% on a year-over-year basis. During the same period last year, the business posted $1.61 earnings per share. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.350 EPS. As a group, equities research analysts predict that Booz Allen Hamilton Holding Corporation will post 6.26 EPS for the current fiscal year.
Booz Allen Hamilton Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Wednesday, June 10th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Wednesday, June 10th. Booz Allen Hamilton’s dividend payout ratio is 34.25%.
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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