BI Asset Management Fondsmaeglerselskab A S Sells 27,513 Shares of Booz Allen Hamilton Holding Corporation $BAH

BI Asset Management Fondsmaeglerselskab A S decreased its stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 83.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 5,519 shares of the business services provider’s stock after selling 27,513 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Booz Allen Hamilton were worth $466,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in BAH. Pinebridge Investments LLC bought a new stake in shares of Booz Allen Hamilton in the fourth quarter valued at approximately $1,283,000. Ipsen Advisor Group LLC raised its position in shares of Booz Allen Hamilton by 5.6% in the fourth quarter. Ipsen Advisor Group LLC now owns 4,480 shares of the business services provider’s stock valued at $378,000 after purchasing an additional 236 shares during the period. Continuum Advisory LLC bought a new stake in shares of Booz Allen Hamilton in the fourth quarter valued at approximately $2,871,000. State of Wyoming raised its position in shares of Booz Allen Hamilton by 306.2% in the fourth quarter. State of Wyoming now owns 4,943 shares of the business services provider’s stock valued at $417,000 after purchasing an additional 3,726 shares during the period. Finally, TD Asset Management Inc raised its position in shares of Booz Allen Hamilton by 17.1% in the fourth quarter. TD Asset Management Inc now owns 584,832 shares of the business services provider’s stock valued at $49,336,000 after purchasing an additional 85,457 shares during the period. Institutional investors own 91.82% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on BAH shares. Wells Fargo & Company started coverage on shares of Booz Allen Hamilton in a research report on Wednesday, April 1st. They issued an “equal weight” rating and a $85.00 price target on the stock. Stifel Nicolaus set a $110.00 price target on shares of Booz Allen Hamilton and gave the company a “buy” rating in a research report on Tuesday, May 26th. JPMorgan Chase & Co. lowered their price target on shares of 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. Truist Financial decreased their target price on shares of Booz Allen Hamilton from $98.00 to $85.00 and set a “hold” rating on the stock in a report on Monday, April 20th. Finally, Citigroup decreased their target price on shares of Booz Allen Hamilton from $109.00 to $87.00 and set a “neutral” rating on the stock in a report on Thursday, April 2nd. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $88.00.

Booz Allen Hamilton Price Performance

BAH stock opened at $77.32 on Thursday. The company has a debt-to-equity ratio of 3.55, a current ratio of 1.78 and a quick ratio of 1.78. Booz Allen Hamilton Holding Corporation has a one year low of $68.83 and a one year high of $120.04. The stock has a market cap of $9.26 billion, a PE ratio of 11.22, a P/E/G ratio of 4.49 and a beta of 0.32. The firm has a 50 day simple moving average of $78.84 and a two-hundred day simple moving average of $82.84.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings results on Friday, May 22nd. The business services provider reported $1.78 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $2.87 billion. During the same quarter in the previous year, the company earned $1.61 EPS. The business’s quarterly 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. On average, analysts predict that Booz Allen Hamilton Holding Corporation will post 6.26 EPS for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Wednesday, June 10th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Wednesday, June 10th. Booz Allen Hamilton’s payout ratio is currently 34.25%.

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.