Booz Allen Hamilton Holding Corporation $BAH Stock Holdings Lifted by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company increased its position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 93.0% during the first quarter, Holdings Channel reports. The fund owned 171,988 shares of the business services provider’s stock after acquiring an additional 82,882 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Booz Allen Hamilton were worth $13,420,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Johnson Financial Group Inc. boosted its stake in Booz Allen Hamilton by 26.1% in the 3rd quarter. Johnson Financial Group Inc. now owns 600 shares of the business services provider’s stock worth $60,000 after purchasing an additional 124 shares during the period. Campbell & CO Investment Adviser LLC raised its stake in Booz Allen Hamilton by 2.8% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 4,916 shares of the business services provider’s stock valued at $415,000 after purchasing an additional 133 shares during the period. Activest Wealth Management lifted its holdings in shares of Booz Allen Hamilton by 141.3% in the fourth quarter. Activest Wealth Management now owns 304 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 178 shares in the last quarter. Arkadios Wealth Advisors lifted its holdings in shares of Booz Allen Hamilton by 7.3% in the fourth quarter. Arkadios Wealth Advisors now owns 2,646 shares of the business services provider’s stock valued at $223,000 after purchasing an additional 179 shares in the last quarter. Finally, Cresset Asset Management LLC boosted its position in shares of Booz Allen Hamilton by 6.2% in the second quarter. Cresset Asset Management LLC now owns 3,257 shares of the business services provider’s stock worth $339,000 after buying an additional 191 shares during the period. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Cantor Fitzgerald lowered their price target on Booz Allen Hamilton from $160.00 to $140.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. Truist Financial reduced their price objective on Booz Allen Hamilton from $85.00 to $70.00 and set a “hold” rating for the company in a research note on Friday, July 10th. Stifel Nicolaus set a $110.00 price objective on Booz Allen Hamilton and gave the stock a “buy” rating in a research report on Tuesday, May 26th. 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 target price on the stock. Finally, UBS Group upped their target price on Booz Allen Hamilton from $70.00 to $78.00 and gave the company a “neutral” rating in a report on Monday, July 27th. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $84.08.

Booz Allen Hamilton Trading Down 0.1%

Booz Allen Hamilton stock opened at $69.68 on Monday. The company has a quick ratio of 1.59, a current ratio of 1.60 and a debt-to-equity ratio of 3.26. Booz Allen Hamilton Holding Corporation has a 12 month low of $59.50 and a 12 month high of $114.48. The company’s fifty day simple moving average is $69.74 and its 200-day simple moving average is $77.40. The stock has a market cap of $8.38 billion, a P/E ratio of 10.96, a P/E/G ratio of 3.62 and a beta of 0.36.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings data on Friday, July 24th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.32. The firm had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $2.81 billion. Booz Allen Hamilton had a return on equity of 76.71% and a net margin of 7.01%.The business’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.48 earnings per share. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.35 EPS. As a group, sell-side analysts forecast that Booz Allen Hamilton Holding Corporation will post 6.3 EPS for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Friday, August 14th. Booz Allen Hamilton’s dividend payout ratio is presently 37.11%.

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.