Hsbc Holdings PLC Grows Position in Booz Allen Hamilton Holding Corporation $BAH

Hsbc Holdings PLC boosted its position in Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 154.0% during the 1st quarter, Holdings Channel reports. The fund owned 228,157 shares of the business services provider’s stock after acquiring an additional 138,326 shares during the quarter. Hsbc Holdings PLC’s holdings in Booz Allen Hamilton were worth $18,066,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Booz Allen Hamilton by 22.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,167 shares of the business services provider’s stock valued at $2,737,000 after purchasing an additional 4,870 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Booz Allen Hamilton by 365.0% during the first quarter. NewEdge Advisors LLC now owns 11,750 shares of the business services provider’s stock worth $1,229,000 after purchasing an additional 9,223 shares in the last quarter. Sivia Capital Partners LLC raised its stake in Booz Allen Hamilton by 53.7% in the second quarter. Sivia Capital Partners LLC now owns 4,460 shares of the business services provider’s stock valued at $464,000 after buying an additional 1,559 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Booz Allen Hamilton by 132.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,429 shares of the business services provider’s stock worth $149,000 after acquiring an additional 815 shares in the last quarter. Finally, Cresset Asset Management LLC increased its holdings in shares of Booz Allen Hamilton by 6.2% in the 2nd quarter. Cresset Asset Management LLC now owns 3,257 shares of the business services provider’s stock valued at $339,000 after acquiring an additional 191 shares during the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Trading Down 0.9%

BAH opened at $63.94 on Wednesday. The firm has a market cap of $7.66 billion, a price-to-earnings ratio of 9.28, a price-to-earnings-growth ratio of 3.64 and a beta of 0.36. Booz Allen Hamilton Holding Corporation has a 52 week low of $59.50 and a 52 week high of $120.04. The business’s 50 day moving average is $70.63 and its two-hundred day moving average is $78.59. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 3.55.

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 for the quarter, beating the consensus estimate of $1.32 by $0.46. The business 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%.The company’s revenue was down 5.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.61 earnings per share. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.350 EPS. On average, research analysts predict that Booz Allen Hamilton Holding Corporation will post 6.31 EPS for the current year.

Booz Allen Hamilton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Wednesday, June 10th were paid a dividend of $0.59 per share. The ex-dividend date was Wednesday, June 10th. This represents a $2.36 dividend on an annualized basis and a yield of 3.7%. Booz Allen Hamilton’s dividend payout ratio is currently 34.25%.

Analysts Set New Price Targets

BAH has been the topic of several research analyst reports. BNP Paribas Exane assumed coverage on Booz Allen Hamilton in a research report on Wednesday, May 27th. They set a “neutral” rating and a $80.00 target price on the stock. The Goldman Sachs Group lowered their price target on Booz Allen Hamilton from $74.00 to $65.00 and set a “sell” rating for the company in a report on Tuesday, July 14th. Stifel Nicolaus set a $110.00 price objective on shares of Booz Allen Hamilton and gave the stock a “buy” rating in a report on Tuesday, May 26th. Jefferies Financial Group set a $85.00 price target on shares of Booz Allen Hamilton in a research report on Monday, May 11th. Finally, Wells Fargo & Company started coverage on shares of Booz Allen Hamilton in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $85.00 price objective for the company. Two investment 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’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $79.83.

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.