Calamos Advisors LLC Lowers Stock Holdings in Booz Allen Hamilton Holding Corporation $BAH

Calamos Advisors LLC cut its holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 11.4% in the 1st quarter, HoldingsChannel reports. The fund owned 117,000 shares of the business services provider’s stock after selling 15,000 shares during the period. Calamos Advisors LLC’s holdings in Booz Allen Hamilton were worth $9,130,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in BAH. Rakuten Securities Inc. boosted its holdings in shares of Booz Allen Hamilton by 414.6% during the second quarter. Rakuten Securities Inc. now owns 247 shares of the business services provider’s stock worth $26,000 after purchasing an additional 199 shares during the last quarter. Activest Wealth Management grew its position in shares of Booz Allen Hamilton by 141.3% in the fourth quarter. Activest Wealth Management now owns 304 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 178 shares during the period. Torren Management LLC acquired a new position in Booz Allen Hamilton in the fourth quarter valued at $26,000. Fulcrum Asset Management LLP acquired a new position in Booz Allen Hamilton in the third quarter valued at $32,000. Finally, Aventura Private Wealth LLC purchased a new position in Booz Allen Hamilton during the fourth quarter worth about $27,000. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on BAH shares. Jefferies Financial Group set a $85.00 price target on Booz Allen Hamilton in a research note on Monday, May 11th. Wells Fargo & Company began coverage on shares of Booz Allen Hamilton in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $85.00 price objective for the company. JPMorgan Chase & Co. cut their price objective on shares of Booz Allen Hamilton from $97.00 to $85.00 and set an “underweight” rating on the stock in a report on Tuesday, May 26th. Citigroup decreased their target price on shares of Booz Allen Hamilton from $88.00 to $69.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 1st. Finally, Truist Financial lowered their target price on shares of Booz Allen Hamilton from $85.00 to $70.00 and set a “hold” rating for the company in a report on Friday. Two equities research 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, Booz Allen Hamilton has a consensus rating of “Reduce” and an average price target of $81.08.

Booz Allen Hamilton Trading Down 2.0%

Shares of BAH opened at $63.52 on Wednesday. Booz Allen Hamilton Holding Corporation has a twelve month low of $59.50 and a twelve month high of $120.04. The firm has a market capitalization of $7.61 billion, a P/E ratio of 9.22, a price-to-earnings-growth ratio of 3.69 and a beta of 0.36. 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 stock’s fifty day simple moving average is $71.78 and its 200 day simple moving average is $79.30.

Booz Allen Hamilton (NYSE:BAH) last posted 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 firm had revenue of $1.91 billion during 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%.The firm’s quarterly 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 earnings per share. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.350 EPS. On average, equities research analysts forecast that Booz Allen Hamilton Holding Corporation will post 6.24 earnings per share for the current year.

Booz Allen Hamilton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Wednesday, June 10th were issued a dividend of $0.59 per share. The ex-dividend date was Wednesday, June 10th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.7%. Booz Allen Hamilton’s payout ratio is presently 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.