Ritholtz Wealth Management Sells 875 Shares of Booz Allen Hamilton Holding Corporation $BAH

Ritholtz Wealth Management trimmed its position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 23.0% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 2,931 shares of the business services provider’s stock after selling 875 shares during the quarter. Ritholtz Wealth Management’s holdings in Booz Allen Hamilton were worth $305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Booz Allen Hamilton by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 13,071,741 shares of the business services provider’s stock valued at $1,367,043,000 after buying an additional 237,720 shares during the period. Bessemer Group Inc. lifted its holdings in shares of Booz Allen Hamilton by 15.3% during the 1st quarter. Bessemer Group Inc. now owns 1,710,181 shares of the business services provider’s stock valued at $178,853,000 after buying an additional 226,761 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Booz Allen Hamilton by 288.4% during the 1st quarter. AQR Capital Management LLC now owns 1,622,132 shares of the business services provider’s stock valued at $168,491,000 after buying an additional 1,204,446 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Booz Allen Hamilton by 187.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,566,826 shares of the business services provider’s stock worth $168,136,000 after purchasing an additional 1,021,809 shares during the period. Finally, 1832 Asset Management L.P. raised its holdings in Booz Allen Hamilton by 78.7% in the 1st quarter. 1832 Asset Management L.P. now owns 1,466,529 shares of the business services provider’s stock worth $153,370,000 after purchasing an additional 646,053 shares during the period. 91.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

BAH has been the topic of a number of recent research reports. Cowen cut Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Friday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Booz Allen Hamilton in a report on Wednesday, October 8th. William Blair raised Booz Allen Hamilton from a “market perform” rating to an “outperform” rating in a report on Monday, July 21st. Zacks Research cut Booz Allen Hamilton from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. Finally, JPMorgan Chase & Co. raised their target price on Booz Allen Hamilton from $115.00 to $122.00 and gave the stock an “underweight” rating in a report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $129.45.

Booz Allen Hamilton Price Performance

Shares of Booz Allen Hamilton stock opened at $101.06 on Tuesday. The stock has a 50 day moving average of $103.69 and a 200 day moving average of $108.42. Booz Allen Hamilton Holding Corporation has a 12 month low of $95.00 and a 12 month high of $190.59. The firm has a market cap of $12.46 billion, a PE ratio of 12.42, a PEG ratio of 1.53 and a beta of 0.42. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 3.66.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings results on Friday, July 25th. The business services provider reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.03. Booz Allen Hamilton had a return on equity of 73.05% and a net margin of 8.70%.The company had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.96 billion. During the same period in the prior year, the company earned $1.38 earnings per share. The firm’s revenue was down .6% on a year-over-year basis. Booz Allen Hamilton has set its FY 2026 guidance at 6.200-6.550 EPS. On average, research analysts expect that Booz Allen Hamilton Holding Corporation will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Thursday, August 14th were paid a dividend of $0.55 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $2.20 dividend on an annualized basis and a yield of 2.2%. Booz Allen Hamilton’s dividend payout ratio is presently 27.03%.

Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to governments, corporations, and not-for-profit organizations in the United States and internationally. It focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.