Calamos Advisors LLC Decreases Stock Holdings in Booz Allen Hamilton Holding Corporation $BAH

Calamos Advisors LLC reduced its stake in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 11.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 117,000 shares of the business services provider’s stock after selling 15,000 shares during the quarter. Calamos Advisors LLC owned 0.10% of Booz Allen Hamilton worth $9,130,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Primecap Management Co. CA boosted its stake in shares of Booz Allen Hamilton by 135.2% during the 4th quarter. Primecap Management Co. CA now owns 4,666,298 shares of the business services provider’s stock worth $393,649,000 after acquiring an additional 2,682,460 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in Booz Allen Hamilton by 38.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,528,226 shares of the business services provider’s stock valued at $550,722,000 after purchasing an additional 1,811,906 shares in the last quarter. Norges Bank acquired a new position in Booz Allen Hamilton during the fourth quarter worth $143,749,000. State Street Corp raised its holdings in Booz Allen Hamilton by 53.2% during the fourth quarter. State Street Corp now owns 4,402,897 shares of the business services provider’s stock worth $371,428,000 after purchasing an additional 1,528,739 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in Booz Allen Hamilton by 36.0% during the fourth quarter. First Trust Advisors LP now owns 4,856,528 shares of the business services provider’s stock worth $409,697,000 after purchasing an additional 1,285,475 shares during the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on BAH shares. TD Cowen lowered their target price on Booz Allen Hamilton from $85.00 to $70.00 and set a “hold” rating on the stock in a report on Tuesday, July 7th. BNP Paribas Exane started coverage on Booz Allen Hamilton in a research note on Wednesday, May 27th. They set a “neutral” rating and a $80.00 price target for the company. Jefferies Financial Group set a $85.00 price objective on shares of Booz Allen Hamilton in a research report on Monday, May 11th. UBS Group reissued a “neutral” rating and issued a $83.00 price objective on shares of Booz Allen Hamilton in a research note on Tuesday, May 26th. Finally, Citigroup dropped their target price on shares of Booz Allen Hamilton from $88.00 to $69.00 and set a “neutral” rating for the company in a report on Wednesday, July 1st. Two analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $81.08.

Booz Allen Hamilton Price Performance

Shares of NYSE:BAH opened at $63.52 on Wednesday. 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 business’s fifty day moving average price is $71.78 and its two-hundred day moving average price is $79.30. The stock has a market cap of $7.61 billion, a PE ratio of 9.22, a price-to-earnings-growth ratio of 3.69 and a beta of 0.36. Booz Allen Hamilton Holding Corporation has a one year low of $59.50 and a one year high of $120.04.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings results on Friday, May 22nd. The business services provider reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.46. The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations 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 for the quarter was down 5.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.61 earnings per share. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.350 EPS. On average, analysts forecast that Booz Allen Hamilton Holding Corporation will post 6.24 EPS for the current fiscal year.

Booz Allen Hamilton Announces Dividend

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

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.