iA Global Asset Management Inc. Makes New $1.36 Million Investment in Booz Allen Hamilton Holding Corporation $BAH

iA Global Asset Management Inc. bought a new position in Booz Allen Hamilton Holding Corporation (NYSE:BAH) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 17,379 shares of the business services provider’s stock, valued at approximately $1,356,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Activest Wealth Management boosted its holdings in Booz Allen Hamilton by 141.3% in the 4th quarter. Activest Wealth Management now owns 304 shares of the business services provider’s stock worth $26,000 after buying an additional 178 shares during the period. Torren Management LLC purchased a new position in Booz Allen Hamilton in the 4th quarter valued at approximately $26,000. Rakuten Securities Inc. raised its holdings in Booz Allen Hamilton by 414.6% during the 2nd quarter. Rakuten Securities Inc. now owns 247 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 199 shares during the period. Aventura Private Wealth LLC bought a new stake in Booz Allen Hamilton during the 4th quarter valued at $27,000. Finally, PenderFund Capital Management Ltd. purchased a new stake in shares of Booz Allen Hamilton during the fourth quarter worth $30,000. Institutional investors own 91.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BAH. Citigroup cut their price target on Booz Allen Hamilton from $88.00 to $69.00 and set a “neutral” rating for the company in a report on Wednesday. TD Cowen reiterated a “hold” rating on shares of Booz Allen Hamilton in a research note on Tuesday, May 26th. BNP Paribas Exane initiated coverage on Booz Allen Hamilton in a report on Wednesday, May 27th. They set a “neutral” rating and a $80.00 price objective on the stock. Stifel Nicolaus set a $110.00 target price on Booz Allen Hamilton and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Finally, Weiss Ratings raised Booz Allen Hamilton from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, June 23rd. Two research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $86.50.

Booz Allen Hamilton Stock Up 4.1%

Shares of NYSE:BAH opened at $62.45 on Friday. The firm has a fifty day moving average price of $74.05 and a two-hundred day moving average price of $80.61. 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 $59.50 and a one year high of $120.04. The company has a market cap of $7.48 billion, a price-to-earnings ratio of 9.06, a PEG ratio of 3.43 and a beta of 0.36.

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 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 analysts’ expectations of $2.87 billion. During the same quarter in the prior year, the firm posted $1.61 earnings per share. The business’s quarterly revenue was down 5.9% on a year-over-year basis. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.350 EPS. Analysts anticipate that Booz Allen Hamilton Holding Corporation will post 6.23 EPS for the current fiscal year.

Booz Allen Hamilton Announces Dividend

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