6,479 Shares in Booz Allen Hamilton Holding Corporation $BAH Acquired by Summit Global Investments

Summit Global Investments acquired a new stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 6,479 shares of the business services provider’s stock, valued at approximately $648,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Booz Allen Hamilton by 0.5% during the second quarter. Vanguard Group Inc. now owns 13,137,237 shares of the business services provider’s stock worth $1,367,980,000 after acquiring an additional 65,496 shares during the period. AQR Capital Management LLC increased its stake in Booz Allen Hamilton by 58.2% in the second quarter. AQR Capital Management LLC now owns 2,565,792 shares of the business services provider’s stock valued at $264,251,000 after acquiring an additional 943,660 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Booz Allen Hamilton by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 2,417,306 shares of the business services provider’s stock valued at $251,000,000 after purchasing an additional 37,519 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Booz Allen Hamilton by 49.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,345,982 shares of the business services provider’s stock valued at $240,698,000 after acquiring an additional 779,156 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Booz Allen Hamilton by 14.7% during the 2nd quarter. Bank of America Corp DE now owns 2,297,416 shares of the business services provider’s stock worth $239,230,000 after purchasing an additional 293,603 shares in the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

Analyst Upgrades and Downgrades

BAH has been the subject of a number of recent research reports. Stifel Nicolaus upped their target price on Booz Allen Hamilton from $106.00 to $115.00 and gave the stock a “hold” rating in a report on Monday, January 26th. Bank of America lowered Booz Allen Hamilton from a “buy” rating to an “underperform” rating and set a $90.00 price objective on the stock. in a research note on Friday, October 24th. The Goldman Sachs Group lowered their target price on shares of Booz Allen Hamilton from $93.00 to $80.00 and set a “sell” rating for the company in a research note on Monday, October 27th. Jefferies Financial Group dropped their price objective on Booz Allen Hamilton from $100.00 to $95.00 and set a “hold” rating on the stock in a research note on Thursday, December 18th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Booz Allen Hamilton from $122.00 to $90.00 and set an “underweight” rating on the stock in a research report on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Booz Allen Hamilton presently has an average rating of “Hold” and a consensus price target of $108.93.

Booz Allen Hamilton Trading Down 0.5%

NYSE BAH opened at $88.30 on Friday. The company has a current ratio of 1.81, a quick ratio of 1.76 and a debt-to-equity ratio of 3.76. The firm has a market capitalization of $10.65 billion, a P/E ratio of 13.12, a PEG ratio of 5.20 and a beta of 0.34. The business has a fifty day simple moving average of $89.25 and a 200 day simple moving average of $96.63. Booz Allen Hamilton Holding Corporation has a 12 month low of $79.23 and a 12 month high of $134.27.

Booz Allen Hamilton (NYSE:BAH) last announced its earnings results on Friday, January 23rd. The business services provider reported $1.77 EPS for the quarter, beating the consensus estimate of $1.26 by $0.51. Booz Allen Hamilton had a net margin of 7.35% and a return on equity of 76.79%. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $2.74 billion. During the same quarter in the prior year, the company posted $1.55 earnings per share. The firm’s revenue for the quarter was down 10.2% on a year-over-year basis. Booz Allen Hamilton has set its FY 2026 guidance at 5.950-6.150 EPS. On average, analysts predict that Booz Allen Hamilton Holding Corporation will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 13th will be paid a $0.59 dividend. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.55. The ex-dividend date is Friday, February 13th. This represents a $2.36 dividend on an annualized basis and a yield of 2.7%. Booz Allen Hamilton’s dividend payout ratio is currently 32.69%.

Booz Allen Hamilton Company 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.