Sterling Capital Management LLC Decreases Holdings in Booz Allen Hamilton Holding Corporation $BAH

Sterling Capital Management LLC decreased its position in Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 99.6% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,539 shares of the business services provider’s stock after selling 345,464 shares during the quarter. Sterling Capital Management LLC’s holdings in Booz Allen Hamilton were worth $120,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Louisiana State Employees Retirement System bought a new position in Booz Allen Hamilton during the first quarter valued at approximately $2,731,000. Fifth Third Wealth Advisors LLC lifted its holdings in shares of Booz Allen Hamilton by 10.3% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 3,992 shares of the business services provider’s stock worth $311,000 after acquiring an additional 373 shares during the last quarter. XML Financial LLC purchased a new stake in shares of Booz Allen Hamilton in the 1st quarter valued at $220,000. BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of Booz Allen Hamilton by 1,438.5% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 84,912 shares of the business services provider’s stock valued at $6,626,000 after purchasing an additional 79,393 shares in the last quarter. Finally, EJMK Ventures LLC bought a new position in shares of Booz Allen Hamilton during the 4th quarter valued at $268,000. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BAH. Weiss Ratings raised shares of Booz Allen Hamilton from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, June 23rd. Citigroup decreased their price objective on 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. lowered their target price on Booz Allen Hamilton from $97.00 to $85.00 and set an “underweight” rating for the company in a research note on Tuesday, May 26th. Stifel Nicolaus set a $110.00 target price on Booz Allen Hamilton and gave the company a “buy” rating in a report on Tuesday, May 26th. Finally, BNP Paribas Exane began coverage on Booz Allen Hamilton in a research report on Wednesday, May 27th. They set a “neutral” rating and a $80.00 price target on the stock. Two research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $83.58.

Booz Allen Hamilton Stock Performance

Shares of NYSE:BAH opened at $63.25 on Wednesday. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 3.55. The company has a 50-day moving average price of $73.10 and a 200-day moving average price of $80.08. The company has a market cap of $7.57 billion, a price-to-earnings ratio of 9.18, a price-to-earnings-growth ratio of 3.56 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 $120.04.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings results on Friday, May 22nd. The business services provider reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.46. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $2.87 billion. Booz Allen Hamilton had a return on equity of 76.07% and a net margin of 7.59%.Booz Allen Hamilton’s revenue was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.61 EPS. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.350 EPS. As a group, equities analysts anticipate that Booz Allen Hamilton Holding Corporation will post 6.23 EPS for the current year.

Booz Allen Hamilton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Wednesday, June 10th were issued a $0.59 dividend. The ex-dividend date was Wednesday, June 10th. This represents a $2.36 annualized dividend and a yield of 3.7%. Booz Allen Hamilton’s payout ratio is 34.25%.

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.