First Trust Advisors LP Sells 2,191,990 Shares of Booz Allen Hamilton Holding Corporation $BAH

First Trust Advisors LP trimmed its position in Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 45.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,664,538 shares of the business services provider’s stock after selling 2,191,990 shares during the quarter. First Trust Advisors LP’s holdings in Booz Allen Hamilton were worth $207,914,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Cassaday & Co Wealth Management LLC purchased a new position in Booz Allen Hamilton during the first quarter valued at approximately $184,000. Meeder Advisory Services Inc. bought a new position in Booz Allen Hamilton in the 1st quarter valued at $232,000. Dimensional Fund Advisors LP boosted its holdings in Booz Allen Hamilton by 12.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,352,790 shares of the business services provider’s stock valued at $105,567,000 after purchasing an additional 151,166 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of Booz Allen Hamilton by 1.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,590,848 shares of the business services provider’s stock valued at $208,226,000 after purchasing an additional 45,276 shares in the last quarter. Finally, Aware Super Pty Ltd as trustee of Aware Super purchased a new position in shares of Booz Allen Hamilton during the 1st quarter valued at $2,133,000. 91.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BAH has been the topic of a number of recent analyst reports. Wells Fargo & Company began coverage on Booz Allen Hamilton in a research report on Wednesday, April 1st. They issued an “equal weight” rating and a $85.00 price objective on the stock. BNP Paribas Exane began coverage on Booz Allen Hamilton in a research report on Wednesday, May 27th. They set a “neutral” rating and a $80.00 target price for the company. JPMorgan Chase & Co. decreased their target price on 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. Weiss Ratings cut Booz Allen Hamilton from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, July 8th. Finally, The Goldman Sachs Group dropped their price target on Booz Allen Hamilton from $74.00 to $65.00 and set a “sell” rating for the company in a research report on Tuesday, July 14th. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $79.83.

Booz Allen Hamilton Price Performance

Shares of NYSE:BAH opened at $66.20 on Thursday. The company’s fifty day moving average price is $70.52 and its 200-day moving average price is $78.46. 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 capitalization of $7.93 billion, a price-to-earnings ratio of 9.61, a PEG ratio of 3.31 and a beta of 0.36. Booz Allen Hamilton Holding Corporation has a one year low of $59.50 and a one year high of $120.04.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings data on Friday, May 22nd. The business services provider reported $1.78 earnings per share (EPS) for the quarter, topping 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 net margin of 7.59% and a return on equity of 76.07%. The firm’s revenue was down 5.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.61 EPS. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.350 EPS. On average, equities research analysts anticipate that Booz Allen Hamilton Holding Corporation will post 6.31 earnings per share for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Wednesday, June 10th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Wednesday, June 10th. Booz Allen Hamilton’s dividend payout ratio is presently 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.