Oppenheimer Asset Management Inc. Sells 6,450 Shares of Booz Allen Hamilton Holding Corporation $BAH

Oppenheimer Asset Management Inc. reduced its position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 37.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,975 shares of the business services provider’s stock after selling 6,450 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Booz Allen Hamilton were worth $1,097,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Booz Allen Hamilton during the second quarter valued at approximately $168,069,000. Primecap Management Co. CA boosted its stake in Booz Allen Hamilton by 2,011.8% during the 2nd quarter. Primecap Management Co. CA now owns 1,267,058 shares of the business services provider’s stock valued at $131,939,000 after purchasing an additional 1,207,058 shares during the last quarter. AQR Capital Management LLC boosted its stake in Booz Allen Hamilton by 58.2% during the 2nd quarter. AQR Capital Management LLC now owns 2,565,792 shares of the business services provider’s stock valued at $264,251,000 after purchasing an additional 943,660 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Booz Allen Hamilton by 49.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,345,982 shares of the business services provider’s stock worth $240,698,000 after purchasing an additional 779,156 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Booz Allen Hamilton by 227.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 698,930 shares of the business services provider’s stock worth $72,780,000 after purchasing an additional 485,425 shares during the last quarter. Institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Stock Up 1.8%

Shares of BAH stock opened at $79.31 on Friday. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 3.76. Booz Allen Hamilton Holding Corporation has a 12 month low of $76.83 and a 12 month high of $130.91. The stock has a market cap of $9.56 billion, a P/E ratio of 11.78, a P/E/G ratio of 4.65 and a beta of 0.33. The company has a 50 day simple moving average of $89.45 and a two-hundred day simple moving average of $94.82.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings data on Friday, January 23rd. The business services provider reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.51. Booz Allen Hamilton had a net margin of 7.35% and a return on equity of 76.79%. The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.74 billion. During the same quarter in the previous year, the firm posted $1.55 EPS. The company’s revenue for the quarter was down 10.2% compared to the same quarter last year. Booz Allen Hamilton has set its FY 2026 guidance at 5.950-6.150 EPS. On average, research analysts expect that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 13th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, February 13th. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.55. Booz Allen Hamilton’s payout ratio is presently 35.07%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BAH. JPMorgan Chase & Co. reduced their price objective on Booz Allen Hamilton from $122.00 to $90.00 and set an “underweight” rating for the company in a report on Monday, October 27th. The Goldman Sachs Group dropped their price target on shares of Booz Allen Hamilton from $93.00 to $80.00 and set a “sell” rating on the stock in a report on Monday, October 27th. DA Davidson set a $81.00 price objective on shares of Booz Allen Hamilton in a research report on Tuesday, January 27th. Stifel Nicolaus lifted their target price on shares of Booz Allen Hamilton from $106.00 to $115.00 and gave the stock a “hold” rating in a research report on Monday, January 26th. Finally, Zacks Research upgraded shares of Booz Allen Hamilton from a “strong sell” rating to a “hold” rating in a research note on Friday, November 28th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, Booz Allen Hamilton presently has a consensus rating of “Hold” and an average target price of $101.25.

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.