Rathbones Group PLC Has $44.91 Million Stock Holdings in Booz Allen Hamilton Holding Corporation $BAH

Rathbones Group PLC decreased its holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 21.0% during the 1st quarter, HoldingsChannel reports. The firm owned 575,565 shares of the business services provider’s stock after selling 152,894 shares during the quarter. Rathbones Group PLC’s holdings in Booz Allen Hamilton were worth $44,911,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Booz Allen Hamilton by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 13,946,447 shares of the business services provider’s stock worth $1,176,522,000 after buying an additional 227,141 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of Booz Allen Hamilton by 38.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,528,226 shares of the business services provider’s stock worth $550,722,000 after purchasing an additional 1,811,906 shares during the last quarter. First Trust Advisors LP increased its holdings in Booz Allen Hamilton by 36.0% in the fourth quarter. First Trust Advisors LP now owns 4,856,528 shares of the business services provider’s stock valued at $409,697,000 after purchasing an additional 1,285,475 shares during the period. Primecap Management Co. CA increased its stake in shares of Booz Allen Hamilton by 135.2% in the fourth quarter. Primecap Management Co. CA now owns 4,666,298 shares of the business services provider’s stock valued at $393,649,000 after buying an additional 2,682,460 shares during the period. Finally, State Street Corp increased its position in Booz Allen Hamilton by 53.2% during the 4th quarter. State Street Corp now owns 4,402,897 shares of the business services provider’s stock valued at $371,428,000 after purchasing an additional 1,528,739 shares during the period. 91.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Stifel Nicolaus set a $110.00 price target on Booz Allen Hamilton and gave the stock a “buy” rating in a report on Tuesday, May 26th. UBS Group boosted their price target on shares of Booz Allen Hamilton from $70.00 to $78.00 and gave the company a “neutral” rating in a research note on Monday, July 27th. Jefferies Financial Group set a $85.00 price objective on Booz Allen Hamilton in a research note on Monday, May 11th. JPMorgan Chase & Co. lowered 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 report on Tuesday, May 26th. Finally, Weiss Ratings downgraded Booz Allen Hamilton from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, July 8th. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, Booz Allen Hamilton presently has a consensus rating of “Reduce” and an average target price of $84.08.

Booz Allen Hamilton Stock Performance

NYSE BAH opened at $69.68 on Monday. The company’s 50 day moving average is $69.74 and its 200-day moving average is $77.40. The company has a quick ratio of 1.59, a current ratio of 1.60 and a debt-to-equity ratio of 3.26. Booz Allen Hamilton Holding Corporation has a 12-month low of $59.50 and a 12-month high of $114.48. The firm has a market cap of $8.38 billion, a P/E ratio of 10.96, a price-to-earnings-growth ratio of 3.62 and a beta of 0.36.

Booz Allen Hamilton (NYSE:BAH) last posted its earnings results on Friday, July 24th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.32. The firm had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $2.81 billion. Booz Allen Hamilton had a return on equity of 76.71% and a net margin of 7.01%.The business’s quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.48 earnings per share. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.35 EPS. Sell-side analysts predict that Booz Allen Hamilton Holding Corporation will post 6.3 earnings per share for the current year.

Booz Allen Hamilton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a $0.59 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.36 annualized dividend and a yield of 3.4%. Booz Allen Hamilton’s dividend payout ratio is currently 37.11%.

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.