ING Groep NV Acquires 7,900 Shares of Booz Allen Hamilton Holding Corporation $BAH

ING Groep NV grew its holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 33.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,800 shares of the business services provider’s stock after purchasing an additional 7,900 shares during the period. ING Groep NV’s holdings in Booz Allen Hamilton were worth $2,683,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of BAH. Norges Bank purchased a new position in Booz Allen Hamilton in the 4th quarter worth approximately $143,749,000. AQR Capital Management LLC boosted its position in Booz Allen Hamilton by 48.6% during the 3rd quarter. AQR Capital Management LLC now owns 3,812,243 shares of the business services provider’s stock valued at $377,488,000 after buying an additional 1,246,451 shares during the period. Primecap Management Co. CA boosted its position in Booz Allen Hamilton by 56.6% during the 3rd quarter. Primecap Management Co. CA now owns 1,983,838 shares of the business services provider’s stock valued at $198,285,000 after buying an additional 716,780 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Booz Allen Hamilton by 135.2% in the 4th quarter. Bank of New York Mellon Corp now owns 1,227,893 shares of the business services provider’s stock worth $103,585,000 after purchasing an additional 705,930 shares during the period. Finally, Victory Capital Management Inc. lifted its position in shares of Booz Allen Hamilton by 1,269.7% in the 3rd quarter. Victory Capital Management Inc. now owns 665,152 shares of the business services provider’s stock worth $66,482,000 after purchasing an additional 616,591 shares during the period. Institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Price Performance

BAH stock opened at $78.98 on Wednesday. Booz Allen Hamilton Holding Corporation has a one year low of $68.83 and a one year high of $120.04. The company’s fifty day moving average price is $78.87 and its 200-day moving average price is $82.85. The company has a debt-to-equity ratio of 3.55, a quick ratio of 1.78 and a current ratio of 1.78. The company has a market capitalization of $9.46 billion, a PE ratio of 11.46, a price-to-earnings-growth ratio of 4.51 and a beta of 0.32.

Booz Allen Hamilton (NYSE:BAH) last released its earnings results on Friday, May 22nd. The business services provider reported $1.78 EPS for the quarter, topping the consensus estimate of $1.32 by $0.46. Booz Allen Hamilton had a net margin of 7.59% and a return on equity of 76.07%. The firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter in the previous year, the firm earned $1.61 earnings per share. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.350 EPS. On average, equities analysts anticipate that Booz Allen Hamilton Holding Corporation will post 6.26 EPS for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Wednesday, June 10th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 3.0%. The ex-dividend date is Wednesday, June 10th. Booz Allen Hamilton’s payout ratio is currently 34.25%.

Analyst Upgrades and Downgrades

BAH has been the subject of several research reports. Citigroup decreased their price target on shares of Booz Allen Hamilton from $109.00 to $87.00 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. Truist Financial dropped their price target on shares of Booz Allen Hamilton from $98.00 to $85.00 and set a “hold” rating on the stock in a report on Monday, April 20th. UBS Group reaffirmed a “neutral” rating and set a $83.00 price target on shares of Booz Allen Hamilton in a report on Tuesday, May 26th. JPMorgan Chase & Co. cut their target price 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. Finally, Stifel Nicolaus set a $110.00 target price on shares of Booz Allen Hamilton and gave the company a “buy” rating in a research report on Tuesday, May 26th. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $88.00.

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.