Nilsine Partners LLC Acquires New Position in Booz Allen Hamilton Holding Corporation $BAH

Nilsine Partners LLC bought a new position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) during the second quarter, HoldingsChannel.com reports. The firm bought 18,320 shares of the business services provider’s stock, valued at approximately $1,111,000.

Several other institutional investors also recently bought and sold shares of the business. Rakuten Securities Inc. grew its position in shares of Booz Allen Hamilton by 414.6% in the second quarter. Rakuten Securities Inc. now owns 247 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 199 shares during the period. Fulcrum Asset Management LLP purchased a new stake in Booz Allen Hamilton in the 3rd quarter valued at about $32,000. PenderFund Capital Management Ltd. purchased a new stake in Booz Allen Hamilton in the 4th quarter valued at about $30,000. Transamerica Financial Advisors LLC purchased a new stake in Booz Allen Hamilton in the 2nd quarter valued at about $41,000. Finally, Larson Financial Group LLC increased its stake in shares of Booz Allen Hamilton by 365.6% during the 3rd quarter. Larson Financial Group LLC now owns 433 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 340 shares during the last quarter. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Booz Allen Hamilton Stock Performance

Booz Allen Hamilton stock opened at $72.94 on Monday. The company has a market cap of $8.77 billion, a price-to-earnings ratio of 11.47, a price-to-earnings-growth ratio of 3.76 and a beta of 0.36. Booz Allen Hamilton Holding Corporation has a 12 month low of $59.50 and a 12 month high of $109.10. The company has a debt-to-equity ratio of 3.26, a current ratio of 1.60 and a quick ratio of 1.59. The stock’s 50-day moving average is $70.29 and its 200-day moving average is $74.84.

Booz Allen Hamilton (NYSE:BAH) last issued its earnings results on Friday, July 24th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.32. The business 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 company’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.48 EPS. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.35 EPS. Equities analysts anticipate that Booz Allen Hamilton Holding Corporation will post 6.33 earnings per share for the current year.

Booz Allen Hamilton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 3.2%. The ex-dividend date was Friday, August 14th. Booz Allen Hamilton’s payout ratio is currently 37.11%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BAH. Citigroup cut their price objective on shares of Booz Allen Hamilton from $88.00 to $69.00 and set a “neutral” rating on the stock in a report on Wednesday, July 1st. JPMorgan Chase & Co. dropped their price target on shares of Booz Allen Hamilton from $97.00 to $85.00 and set an “underweight” rating for the company in a research report on Tuesday, May 26th. TD Cowen cut their price target on shares of Booz Allen Hamilton from $85.00 to $70.00 and set a “hold” rating on the stock in a research note on Tuesday, July 7th. Bank of America decreased their price target on shares of Booz Allen Hamilton from $90.00 to $75.00 and set an “underperform” rating on the stock in a report on Monday, July 20th. Finally, BNP Paribas Exane began coverage on shares of Booz Allen Hamilton in a research note on Wednesday, May 27th. They set a “neutral” rating and a $80.00 price objective for the company. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $83.69.

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.