Copeland Capital Management LLC Sells 84,004 Shares of Booz Allen Hamilton Holding Corporation $BAH

Copeland Capital Management LLC cut its holdings in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 26.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 228,750 shares of the business services provider’s stock after selling 84,004 shares during the quarter. Copeland Capital Management LLC’s holdings in Booz Allen Hamilton were worth $17,849,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Activest Wealth Management grew its holdings in shares of Booz Allen Hamilton by 141.3% during the 4th 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 last quarter. Torren Management LLC bought a new stake in Booz Allen Hamilton in the fourth quarter worth $26,000. Rakuten Securities Inc. lifted its stake in Booz Allen Hamilton by 414.6% in 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. Aventura Private Wealth LLC purchased a new stake in Booz Allen Hamilton during the fourth quarter valued at about $27,000. Finally, PenderFund Capital Management Ltd. purchased a new stake in Booz Allen Hamilton during the fourth quarter valued at about $30,000. 91.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BAH. Jefferies Financial Group set a $85.00 price objective on Booz Allen Hamilton in a research note on Monday, May 11th. TD Cowen lowered their target price on Booz Allen Hamilton from $85.00 to $70.00 and set a “hold” rating for the company in a research note on Tuesday, July 7th. Wells Fargo & Company initiated coverage on Booz Allen Hamilton in a report on Wednesday, April 1st. They set an “equal weight” rating and a $85.00 target price for the company. JPMorgan Chase & Co. reduced their price target on Booz Allen Hamilton from $97.00 to $85.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 26th. Finally, Truist Financial decreased their price target on Booz Allen Hamilton from $85.00 to $70.00 and set a “hold” rating on the stock in a research note on Friday, July 10th. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Booz Allen Hamilton presently has an average rating of “Reduce” and an average target price of $81.08.

Booz Allen Hamilton Trading Down 0.1%

Shares of BAH opened at $65.23 on Friday. The stock has a market capitalization of $7.81 billion, a P/E ratio of 9.47, a PEG ratio of 3.72 and a beta of 0.36. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 3.55. The firm has a fifty day simple moving average of $71.07 and a two-hundred day simple moving average of $78.92. Booz Allen Hamilton Holding Corporation has a twelve month low of $59.50 and a twelve 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, topping analysts’ consensus estimates 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 business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same quarter last year, the firm earned $1.61 EPS. The company’s revenue was down 5.9% on a year-over-year basis. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.350 EPS. On average, research analysts anticipate that Booz Allen Hamilton Holding Corporation will post 6.24 EPS for the current year.

Booz Allen Hamilton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Wednesday, June 10th were paid a $0.59 dividend. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $2.36 annualized dividend and a dividend yield of 3.6%. Booz Allen Hamilton’s dividend payout ratio (DPR) 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.