Envestnet Asset Management Inc. Cuts Position in Booz Allen Hamilton Holding Corporation $BAH

Envestnet Asset Management Inc. lowered its holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 10.1% in the third quarter, Holdings Channel.com reports. The fund owned 742,078 shares of the business services provider’s stock after selling 82,912 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Booz Allen Hamilton were worth $74,171,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in BAH. Penserra Capital Management LLC increased its holdings in Booz Allen Hamilton by 43.4% in the third quarter. Penserra Capital Management LLC now owns 275,474 shares of the business services provider’s stock valued at $27,532,000 after buying an additional 83,322 shares in the last quarter. Cornerstone Planning Group LLC raised its holdings in Booz Allen Hamilton by 244.0% during the third quarter. Cornerstone Planning Group LLC now owns 289 shares of the business services provider’s stock worth $29,000 after purchasing an additional 205 shares during the last quarter. AGF Management Ltd. boosted its position in Booz Allen Hamilton by 7.9% during the third quarter. AGF Management Ltd. now owns 32,847 shares of the business services provider’s stock worth $3,283,000 after purchasing an additional 2,395 shares in the last quarter. Bridges Investment Management Inc. grew its holdings in Booz Allen Hamilton by 32.6% in the third quarter. Bridges Investment Management Inc. now owns 161,000 shares of the business services provider’s stock valued at $16,092,000 after purchasing an additional 39,544 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its position in shares of Booz Allen Hamilton by 16.7% in the third quarter. Jones Financial Companies Lllp now owns 3,039 shares of the business services provider’s stock valued at $301,000 after buying an additional 436 shares in the last quarter. 91.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on BAH. JPMorgan Chase & Co. decreased their price objective 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. The Goldman Sachs Group reduced their price target on shares of Booz Allen Hamilton from $93.00 to $80.00 and set a “sell” rating on the stock in a report on Monday, October 27th. DA Davidson set a $81.00 price target on shares of Booz Allen Hamilton in a research report on Tuesday, January 27th. Jefferies Financial Group cut their price objective on Booz Allen Hamilton from $100.00 to $95.00 and set a “hold” rating for the company in a research report on Thursday, December 18th. Finally, Truist Financial set a $98.00 target price on Booz Allen Hamilton in a research note on Friday, January 23rd. One 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Booz Allen Hamilton has an average rating of “Hold” and a consensus target price of $101.25.

Booz Allen Hamilton Stock Up 5.4%

BAH stock opened at $89.12 on Monday. The company has a 50 day moving average price of $89.55 and a two-hundred day moving average price of $95.68. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.81 and a current ratio of 1.81. The stock has a market capitalization of $10.75 billion, a P/E ratio of 13.24, a PEG ratio of 5.22 and a beta of 0.33. Booz Allen Hamilton Holding Corporation has a one year low of $79.23 and a one year high of $130.91.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings data on Friday, January 23rd. The business services provider reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.51. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $2.74 billion. Booz Allen Hamilton had a return on equity of 76.79% and a net margin of 7.35%.The business’s revenue was down 10.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.55 earnings per share. Booz Allen Hamilton has set its FY 2026 guidance at 5.950-6.150 EPS. As a group, sell-side analysts expect that Booz Allen Hamilton Holding Corporation will post 6.44 EPS for the current year.

Booz Allen Hamilton Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 13th will be issued a $0.59 dividend. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.55. The ex-dividend date is Friday, February 13th. This represents a $2.36 annualized dividend and a yield of 2.6%. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 35.07%.

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.