BI Asset Management Fondsmaeglerselskab A S Has $6.63 Million Stock Holdings in Booz Allen Hamilton Holding Corporation $BAH

BI Asset Management Fondsmaeglerselskab A S increased its position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 1,438.5% during the 1st quarter, Holdings Channel reports. The fund owned 84,912 shares of the business services provider’s stock after buying an additional 79,393 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Booz Allen Hamilton were worth $6,626,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Booz Allen Hamilton by 22.9% in the first 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 in the last quarter. NewEdge Advisors LLC boosted its position 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 grew its holdings in shares of Booz Allen Hamilton by 53.7% in the 2nd 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 during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Booz Allen Hamilton by 132.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,429 shares of the business services provider’s stock valued at $149,000 after buying an additional 815 shares during the period. Finally, Cresset Asset Management LLC increased its position 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 buying an additional 191 shares in the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

Analysts Set New Price Targets

BAH has been the topic of several recent analyst reports. JPMorgan Chase & Co. reduced their target price on Booz Allen Hamilton from $97.00 to $85.00 and set an “underweight” rating on the stock in a report on Tuesday, May 26th. Citigroup lowered their price target on Booz Allen Hamilton from $109.00 to $87.00 and set a “neutral” rating for the company in a report on Thursday, April 2nd. William Blair reiterated an “outperform” rating on shares of Booz Allen Hamilton in a report on Tuesday, March 3rd. Wells Fargo & Company started coverage on Booz Allen Hamilton in a report on Wednesday, April 1st. They set an “equal weight” rating and a $85.00 price objective on the stock. Finally, Stifel Nicolaus set a $110.00 price objective on Booz Allen Hamilton and gave the company a “buy” rating in a research report on Tuesday, May 26th. Two research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, Booz Allen Hamilton presently has an average rating of “Reduce” and a consensus target price of $88.00.

Booz Allen Hamilton Price Performance

BAH stock opened at $63.55 on Tuesday. The stock has a 50-day moving average price of $77.18 and a two-hundred day moving average price of $82.21. Booz Allen Hamilton Holding Corporation has a 1 year low of $62.59 and a 1 year high of $120.04. The stock has a market cap of $7.61 billion, a PE ratio of 9.22, a price-to-earnings-growth ratio of 3.79 and a beta of 0.32. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 3.55.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings results on Friday, May 22nd. The business services provider reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.46. Booz Allen Hamilton had a net margin of 7.59% and a return on equity of 76.07%. The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same period in the previous year, the business earned $1.61 EPS. The company’s revenue was down 5.9% compared to the same quarter last year. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.350 EPS. Equities analysts forecast that Booz Allen Hamilton Holding Corporation will post 6.23 EPS for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Wednesday, June 10th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 3.7%. The ex-dividend date is Wednesday, June 10th. Booz Allen Hamilton’s dividend payout ratio is presently 34.25%.

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.