Booz Allen Hamilton Holding Corporation $BAH Position Boosted by New York State Teachers Retirement System

New York State Teachers Retirement System increased its holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 21.0% during the first quarter, Holdings Channel reports. The firm owned 74,420 shares of the business services provider’s stock after purchasing an additional 12,905 shares during the period. New York State Teachers Retirement System’s holdings in Booz Allen Hamilton were worth $5,807,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Activest Wealth Management grew its position in Booz Allen Hamilton by 141.3% in the fourth 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 bought a new stake in shares of Booz Allen Hamilton during the 4th quarter worth $26,000. Rakuten Securities Inc. grew its holdings in shares of Booz Allen Hamilton by 414.6% in 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 acquired a new stake in shares of Booz Allen Hamilton during the fourth quarter worth $27,000. Finally, PenderFund Capital Management Ltd. acquired a new stake in shares of Booz Allen Hamilton during the fourth quarter worth $30,000. 91.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on BAH shares. JPMorgan Chase & Co. decreased their price target on 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. Stifel Nicolaus set a $110.00 price objective on shares of Booz Allen Hamilton and gave the company a “buy” rating in a research note on Tuesday, May 26th. BNP Paribas Exane started coverage on shares of Booz Allen Hamilton in a report on Wednesday, May 27th. They issued a “neutral” rating and a $80.00 target price for the company. TD Cowen dropped their target price on shares of Booz Allen Hamilton from $85.00 to $70.00 and set a “hold” rating on the stock in a research report on Tuesday. Finally, Wells Fargo & Company began coverage on shares of Booz Allen Hamilton in a report on Wednesday, April 1st. They set an “equal weight” rating and a $85.00 price target on the stock. Two research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $83.58.

Booz Allen Hamilton Trading Up 1.5%

Shares of NYSE BAH opened at $63.25 on Wednesday. The business has a 50-day moving average price of $73.10 and a two-hundred day moving average price of $80.08. 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 firm has a market capitalization of $7.57 billion, a PE ratio of 9.18, a PEG ratio of 3.56 and a beta of 0.36. Booz Allen Hamilton Holding Corporation has a one year low of $59.50 and a one year high of $120.04.

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, beating analysts’ consensus estimates of $1.32 by $0.46. Booz Allen Hamilton had a return on equity of 76.07% and a net margin of 7.59%.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 company posted $1.61 earnings per share. The business’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. As a group, analysts predict that Booz Allen Hamilton Holding Corporation will post 6.23 earnings per share for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

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