Continuum Advisory LLC Boosts Stake in Booz Allen Hamilton Holding Corporation $BAH

Continuum Advisory LLC grew its position in Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 30.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,256 shares of the business services provider’s stock after acquiring an additional 10,224 shares during the quarter. Continuum Advisory LLC’s holdings in Booz Allen Hamilton were worth $3,453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Victory Capital Management Inc. grew its stake in shares of Booz Allen Hamilton by 1,269.7% in the 3rd quarter. Victory Capital Management Inc. now owns 665,152 shares of the business services provider’s stock worth $66,482,000 after buying an additional 616,591 shares in the last quarter. Altrinsic Global Advisors LLC raised its position in shares of Booz Allen Hamilton by 51.8% during the 3rd quarter. Altrinsic Global Advisors LLC now owns 96,626 shares of the business services provider’s stock valued at $9,658,000 after buying an additional 32,970 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of Booz Allen Hamilton in the 4th quarter valued at about $45,327,000. Rathbones Group PLC grew its position in Booz Allen Hamilton by 21.8% in the third quarter. Rathbones Group PLC now owns 799,265 shares of the business services provider’s stock worth $79,887,000 after acquiring an additional 142,968 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Booz Allen Hamilton by 15.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 128,890 shares of the business services provider’s stock worth $10,941,000 after acquiring an additional 17,686 shares in the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BAH. William Blair reaffirmed an “outperform” rating on shares of Booz Allen Hamilton in a research note on Tuesday, March 3rd. JPMorgan Chase & Co. cut their target price on Booz Allen Hamilton from $97.00 to $85.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 26th. UBS Group restated a “neutral” rating and set a $83.00 price target on shares of Booz Allen Hamilton in a report on Tuesday, May 26th. Jefferies Financial Group set a $85.00 price objective on shares of Booz Allen Hamilton in a research note on Monday, May 11th. Finally, Wells Fargo & Company began coverage on shares of Booz Allen Hamilton in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $85.00 price objective on the stock. Two research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the 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 Stock Down 0.2%

Shares of NYSE BAH opened at $62.10 on Monday. The company has a debt-to-equity ratio of 3.55, a quick ratio of 1.78 and a current ratio of 1.78. The stock has a 50 day moving average price of $75.67 and a 200 day moving average price of $81.50. The firm has a market capitalization of $7.44 billion, a price-to-earnings ratio of 9.01, a PEG ratio of 3.55 and a beta of 0.32. Booz Allen Hamilton Holding Corporation has a 52-week low of $59.50 and a 52-week high of $120.04.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings results on Friday, May 22nd. The business services provider reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.46. The business had revenue of $1.91 billion for 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 business’s revenue was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.61 EPS. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.350 EPS. Sell-side analysts expect that Booz Allen Hamilton Holding Corporation will post 6.23 earnings per share for the current year.

Booz Allen Hamilton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Wednesday, June 10th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $2.36 dividend on an annualized basis and a yield of 3.8%. Booz Allen Hamilton’s dividend payout ratio (DPR) is 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.