Bessemer Group Inc. Sells 1,160,249 Shares of Booz Allen Hamilton Holding Corporation $BAH

Bessemer Group Inc. lessened its holdings in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 99.3% in the first quarter, HoldingsChannel.com reports. The fund owned 7,756 shares of the business services provider’s stock after selling 1,160,249 shares during the period. Bessemer Group Inc.’s holdings in Booz Allen Hamilton were worth $605,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Activest Wealth Management grew its stake 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 in the last quarter. Torren Management LLC bought a new position in Booz Allen Hamilton in the fourth quarter valued at $26,000. Rakuten Securities Inc. raised its position in Booz Allen Hamilton by 414.6% during 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 in the last quarter. PenderFund Capital Management Ltd. purchased a new stake in Booz Allen Hamilton during the fourth quarter valued at about $30,000. Finally, Fulcrum Asset Management LLP bought a new stake in Booz Allen Hamilton during the third quarter worth about $32,000. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Trending Headlines about Booz Allen Hamilton

Here are the key news stories impacting Booz Allen Hamilton this week:

• Positive Sentiment: Booz Allen beat quarterly profit expectations by a wide margin, which signaled better-than-expected profitability and helped lift sentiment. Booz Allen Hamilton (BAH) Q1 Earnings Top Estimates
• Positive Sentiment: The company maintained FY2027 guidance, with EPS outlook of $6.00 to $6.35 and revenue guidance of $11.2 billion to $11.7 billion, easing fears that the slowdown would worsen. Booz Allen Hamilton Announces First Quarter Fiscal Year 2027 Results
• Neutral Sentiment: Revenue came in below expectations at $1.97 billion versus the much higher analyst forecast cited in the reports, and sales were down year over year, which remains a concern for growth investors. Booz Allen Hamilton earnings report
• Neutral Sentiment: Management said it is seeing accelerating demand in parts of the business, but the top-line weakness means investors are still weighing stronger margins against slower sales. Booz Allen Profit, Revenue Falls Despite Accelerating Demand

Analyst Ratings Changes

BAH has been the topic of several recent research reports. Jefferies Financial Group set a $85.00 price objective on Booz Allen Hamilton in a research report on Monday, May 11th. Truist Financial cut their price objective on shares of 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. The Goldman Sachs Group lowered their price target on shares of Booz Allen Hamilton from $74.00 to $65.00 and set a “sell” rating for the company in a research note on Tuesday, July 14th. JPMorgan Chase & Co. reduced their price objective on Booz Allen Hamilton from $97.00 to $85.00 and set an “underweight” rating on the stock in a research note on Tuesday, May 26th. Finally, Bank of America reduced their price target on Booz Allen Hamilton from $90.00 to $75.00 and set an “underperform” rating on the stock in a research report on Monday, July 20th. Three investment 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’s stock. Based on data from MarketBeat.com, Booz Allen Hamilton presently has an average rating of “Reduce” and a consensus price target of $84.46.

Booz Allen Hamilton Stock Up 10.4%

Shares of Booz Allen Hamilton stock opened at $72.74 on Friday. The company’s fifty day simple moving average is $70.37 and its two-hundred day simple moving average is $78.28. The company has a market cap of $8.71 billion, a P/E ratio of 10.56, a PEG ratio of 3.41 and a beta of 0.36. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 3.55. Booz Allen Hamilton Holding Corporation has a 12-month low of $59.50 and a 12-month high of $120.04.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly 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. Booz Allen Hamilton had a net margin of 7.59% and a return on equity of 76.07%. The company had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same period in the prior year, the firm earned $1.48 earnings per share. Booz Allen Hamilton’s revenue was down 4.2% on a year-over-year basis. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.35 EPS. Research analysts anticipate that Booz Allen Hamilton Holding Corporation will post 6.31 EPS for the current year.

Booz Allen Hamilton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Wednesday, June 10th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Wednesday, June 10th. Booz Allen Hamilton’s dividend payout ratio is currently 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.