Erste Asset Management GmbH Boosts Holdings in Booz Allen Hamilton Holding Corporation $BAH

Erste Asset Management GmbH increased its holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 550.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,126 shares of the business services provider’s stock after purchasing an additional 12,800 shares during the period. Erste Asset Management GmbH’s holdings in Booz Allen Hamilton were worth $1,288,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of BAH. Norges Bank purchased a new stake in shares of Booz Allen Hamilton during the 4th quarter worth approximately $143,749,000. AQR Capital Management LLC increased its position in shares of Booz Allen Hamilton by 48.6% during the 3rd quarter. AQR Capital Management LLC now owns 3,812,243 shares of the business services provider’s stock valued at $377,488,000 after purchasing an additional 1,246,451 shares during the last quarter. Primecap Management Co. CA increased its position in shares of Booz Allen Hamilton by 56.6% during the 3rd quarter. Primecap Management Co. CA now owns 1,983,838 shares of the business services provider’s stock valued at $198,285,000 after purchasing an additional 716,780 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Booz Allen Hamilton by 135.2% during the 4th quarter. Bank of New York Mellon Corp now owns 1,227,893 shares of the business services provider’s stock valued at $103,585,000 after purchasing an additional 705,930 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in 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 valued at $66,482,000 after acquiring an additional 616,591 shares during the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.

Booz Allen Hamilton Stock Down 2.0%

Booz Allen Hamilton stock opened at $77.32 on Thursday. The firm has a market cap of $9.26 billion, a price-to-earnings ratio of 11.22, a price-to-earnings-growth ratio of 4.49 and a beta of 0.32. Booz Allen Hamilton Holding Corporation has a 52 week low of $68.83 and a 52 week high of $120.04. The business’s 50-day moving average price is $78.84 and its 200 day moving average price is $82.84. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 3.55.

Booz Allen Hamilton (NYSE:BAH) last posted its earnings results on Friday, May 22nd. The business services provider reported $1.78 EPS for the quarter, topping the consensus estimate of $1.32 by $0.46. Booz Allen Hamilton had a return on equity of 76.07% and a net margin of 7.59%.The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same period last year, the company earned $1.61 earnings per share. Booz Allen Hamilton’s revenue for the quarter 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. As a group, sell-side analysts anticipate that Booz Allen Hamilton Holding Corporation will post 6.26 earnings per share for the current year.

Booz Allen Hamilton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Wednesday, June 10th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Wednesday, June 10th. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 34.25%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Jefferies Financial Group set a $85.00 price objective on Booz Allen Hamilton in a research report on Monday, May 11th. Weiss Ratings downgraded Booz Allen Hamilton from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. Citigroup dropped their price objective on Booz Allen Hamilton from $109.00 to $87.00 and set a “neutral” rating on the stock in a research report on Thursday, April 2nd. Truist Financial dropped their price objective on Booz Allen Hamilton from $98.00 to $85.00 and set a “hold” rating on the stock in a research report on Monday, April 20th. Finally, JPMorgan Chase & Co. decreased their price target on Booz Allen Hamilton from $97.00 to $85.00 and set an “underweight” rating for the company in a research note 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 data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $88.00.

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.