iA Global Asset Management Inc. Buys New Position in Booz Allen Hamilton Holding Corporation $BAH

iA Global Asset Management Inc. bought a new stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH) during the first quarter, Holdings Channel.com reports. The fund bought 17,379 shares of the business services provider’s stock, valued at approximately $1,356,000.

Several other hedge funds have also bought and sold shares of BAH. Activest Wealth Management increased its holdings in shares of 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 during the last quarter. Torren Management LLC purchased a new stake in shares of Booz Allen Hamilton during the 4th quarter valued at $26,000. Rakuten Securities Inc. lifted its holdings in shares of Booz Allen Hamilton by 414.6% during the 2nd quarter. Rakuten Securities Inc. now owns 247 shares of the business services provider’s stock worth $26,000 after acquiring an additional 199 shares during the last quarter. Aventura Private Wealth LLC bought a new stake in shares of Booz Allen Hamilton during the 4th quarter worth $27,000. Finally, PenderFund Capital Management Ltd. bought a new stake in shares of Booz Allen Hamilton during the 4th quarter worth $30,000. 91.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Stifel Nicolaus set a $110.00 target price on Booz Allen Hamilton and gave the company a “buy” rating in a research note on Tuesday, May 26th. Citigroup dropped their price target on Booz Allen Hamilton from $88.00 to $69.00 and set a “neutral” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. cut their price objective on Booz Allen Hamilton from $97.00 to $85.00 and set an “underweight” rating for the company in a report on Tuesday, May 26th. Weiss Ratings upgraded Booz Allen Hamilton from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 23rd. Finally, TD Cowen reissued a “hold” rating on shares of Booz Allen Hamilton in a report on Tuesday, May 26th. Two equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $86.50.

Booz Allen Hamilton Price Performance

BAH stock opened at $62.45 on Friday. The company has a debt-to-equity ratio of 3.55, a quick ratio of 1.78 and a current ratio of 1.78. Booz Allen Hamilton Holding Corporation has a 52 week low of $59.50 and a 52 week high of $120.04. The firm’s fifty day moving average is $74.05 and its 200 day moving average is $80.61. The firm has a market cap of $7.48 billion, a P/E ratio of 9.06, a P/E/G ratio of 3.43 and a beta of 0.36.

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

Booz Allen Hamilton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders 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 dividend yield of 3.8%. Booz Allen Hamilton’s payout ratio is currently 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.