CX Institutional Has $3.20 Million Stake in Booz Allen Hamilton Holding Corporation $BAH

CX Institutional raised its stake in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 18.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,717 shares of the business services provider’s stock after buying an additional 8,183 shares during the period. CX Institutional’s holdings in Booz Allen Hamilton were worth $3,198,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in BAH. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Booz Allen Hamilton by 15.9% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 128,890 shares of the business services provider’s stock valued at $10,941,000 after purchasing an additional 17,686 shares during the last quarter. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Booz Allen Hamilton in the fourth quarter worth $3,121,000. Legal & General Group Plc lifted its stake in shares of Booz Allen Hamilton by 9.9% in the fourth quarter. Legal & General Group Plc now owns 537,400 shares of the business services provider’s stock worth $45,335,000 after buying an additional 48,457 shares during the last quarter. Weiss Asset Management LP bought a new stake in shares of Booz Allen Hamilton during the 1st quarter worth $12,945,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Booz Allen Hamilton by 8.3% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 287,922 shares of the business services provider’s stock worth $24,289,000 after buying an additional 22,105 shares during the period. Institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Trading Up 3.3%

Shares of BAH stock opened at $73.49 on Wednesday. Booz Allen Hamilton Holding Corporation has a 1 year low of $59.50 and a 1 year high of $114.48. The firm’s fifty day simple moving average is $69.46 and its 200 day simple moving average is $77.07. The firm has a market capitalization of $8.84 billion, a P/E ratio of 11.56, a price-to-earnings-growth ratio of 3.69 and a beta of 0.34. The company has a current ratio of 1.60, a quick ratio of 1.59 and a debt-to-equity ratio of 3.26.

Booz Allen Hamilton (NYSE:BAH) last released its earnings results on Friday, July 24th. The business services provider reported $1.81 EPS for the quarter, beating the consensus estimate of $1.49 by $0.32. Booz Allen Hamilton had a net margin of 7.01% and a return on equity of 76.71%. The firm had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $2.81 billion. During the same period in the prior year, the company earned $1.48 EPS. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.35 EPS. As a group, sell-side analysts predict that Booz Allen Hamilton Holding Corporation will post 6.3 EPS for the current year.

Booz Allen Hamilton Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, August 14th. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 37.11%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Cantor Fitzgerald dropped their target price on shares of Booz Allen Hamilton from $160.00 to $140.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. Bank of America decreased their price target on shares of Booz Allen Hamilton from $90.00 to $75.00 and set an “underperform” rating for the company in a report on Monday, July 20th. UBS Group raised their price target on Booz Allen Hamilton from $70.00 to $78.00 and gave the company a “neutral” rating in a research report on Monday, July 27th. TD Cowen dropped their price objective on Booz Allen Hamilton from $85.00 to $70.00 and set a “hold” rating on the stock in a research note on Tuesday, July 7th. Finally, Truist Financial cut their price objective on Booz Allen Hamilton from $85.00 to $70.00 and set a “hold” rating for the company in a research report on Friday, July 10th. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, Booz Allen Hamilton currently has a consensus rating of “Reduce” and an average price target of $84.08.

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.