Geode Capital Management LLC Grows Holdings in Booz Allen Hamilton Holding Corporation $BAH

Geode Capital Management LLC grew its stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 5.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,534,914 shares of the business services provider’s stock after acquiring an additional 123,076 shares during the period. Geode Capital Management LLC’s holdings in Booz Allen Hamilton were worth $213,308,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. increased its stake in Booz Allen Hamilton by 414.6% during the 2nd quarter. Rakuten Securities Inc. now owns 247 shares of the business services provider’s stock worth $26,000 after buying an additional 199 shares during the period. Torren Management LLC purchased a new stake in Booz Allen Hamilton during the 4th quarter worth approximately $26,000. Activest Wealth Management increased its stake in Booz Allen Hamilton by 141.3% during the 4th 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. Aventura Private Wealth LLC purchased a new stake in Booz Allen Hamilton during the 4th quarter worth approximately $27,000. Finally, Cornerstone Planning Group LLC increased its stake in Booz Allen Hamilton by 244.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 289 shares of the business services provider’s stock worth $29,000 after buying an additional 205 shares during the period. 91.82% of the stock is owned by hedge funds and other institutional investors.

Booz Allen Hamilton Trading Down 4.3%

Shares of NYSE:BAH opened at $80.41 on Wednesday. Booz Allen Hamilton Holding Corporation has a 52 week low of $68.83 and a 52 week high of $120.04. The company’s 50 day moving average is $78.89 and its two-hundred day moving average is $82.98. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 3.55. The company has a market cap of $9.63 billion, a PE ratio of 11.67, a P/E/G ratio of 4.78 and a beta of 0.32.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings data 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. Booz Allen Hamilton had a net margin of 7.59% and a return on equity of 76.07%. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the prior year, the firm posted $1.61 EPS. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.350 EPS. Equities analysts predict that Booz Allen Hamilton Holding Corporation will post 6.26 earnings per share 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 given a $0.59 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.9%. Booz Allen Hamilton’s dividend payout ratio is currently 34.25%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BAH shares. Weiss Ratings downgraded shares of Booz Allen Hamilton from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. JPMorgan Chase & Co. cut their target price on shares of Booz Allen Hamilton from $97.00 to $85.00 and set an “underweight” rating on the stock in a research note on Tuesday, May 26th. Citigroup cut 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 research note on Thursday, April 2nd. UBS Group reaffirmed a “neutral” rating and set a $83.00 target price on shares of Booz Allen Hamilton in a research note on Tuesday, May 26th. Finally, Stifel Nicolaus set a $110.00 target price on shares of Booz Allen Hamilton and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Two research 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 company has a consensus rating of “Reduce” and an average target price of $88.00.

About Booz Allen Hamilton

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.