Rhumbline Advisers Sells 8,364 Shares of Booz Allen Hamilton Holding Corporation $BAH

Rhumbline Advisers reduced its position in Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 5.1% in the third quarter, Holdings Channel.com reports. The fund owned 156,676 shares of the business services provider’s stock after selling 8,364 shares during the quarter. Rhumbline Advisers’ holdings in Booz Allen Hamilton were worth $15,660,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

BAH has been the topic of several recent analyst reports. UBS Group reaffirmed a “neutral” rating and issued a $97.00 price target on shares of Booz Allen Hamilton in a report on Tuesday, January 27th. Zacks Research upgraded shares of Booz Allen Hamilton from a “strong sell” rating to a “hold” rating in a research report on Friday, November 28th. 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 on the stock in a research note on Monday, October 27th. Bank of America lowered shares of Booz Allen Hamilton from a “buy” rating to an “underperform” rating and set a $90.00 target price for the company. in a research report on Friday, October 24th. Finally, Weiss Ratings lowered shares of Booz Allen Hamilton from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, Booz Allen Hamilton presently has a consensus rating of “Hold” and an average price target of $101.25.

Booz Allen Hamilton Trading Up 2.6%

Shares of BAH opened at $78.38 on Thursday. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.81 and a current ratio of 1.81. Booz Allen Hamilton Holding Corporation has a fifty-two week low of $76.26 and a fifty-two week high of $130.91. The firm has a 50 day moving average price of $88.63 and a 200-day moving average price of $94.19. The firm has a market cap of $9.45 billion, a price-to-earnings ratio of 11.65, a PEG ratio of 4.48 and a beta of 0.33.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings results on Friday, January 23rd. The business services provider reported $1.77 earnings per share (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 business had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.74 billion. During the same period in the prior year, the business posted $1.55 earnings per share. The company’s revenue 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. As a group, equities research analysts forecast that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 13th will be given a $0.59 dividend. The ex-dividend date is Friday, February 13th. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.55. This represents a $2.36 annualized dividend and a yield of 3.0%. Booz Allen Hamilton’s dividend payout ratio is presently 35.07%.

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.