Cyndeo Wealth Partners LLC Purchases 134,956 Shares of Booz Allen Hamilton Holding Corporation $BAH

Cyndeo Wealth Partners LLC acquired a new stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 134,956 shares of the business services provider’s stock, valued at approximately $9,369,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio bought a new position in shares of Booz Allen Hamilton during the 2nd quarter valued at about $2,069,000. Weiss Asset Management LP bought a new stake in Booz Allen Hamilton during the 1st quarter worth approximately $12,945,000. Bank of America Corp DE increased its stake in Booz Allen Hamilton by 2.6% during the 1st quarter. Bank of America Corp DE now owns 1,117,280 shares of the business services provider’s stock worth $87,181,000 after purchasing an additional 28,462 shares in the last quarter. Artemis Investment Management LLP acquired a new stake in Booz Allen Hamilton during the 3rd quarter worth approximately $12,051,000. Finally, Engineers Gate Manager LP raised its holdings in Booz Allen Hamilton by 3,206.2% during the 2nd quarter. Engineers Gate Manager LP now owns 101,268 shares of the business services provider’s stock worth $6,144,000 after buying an additional 98,205 shares during the period. 91.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on BAH shares. UBS Group lifted 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. Citigroup lowered their price objective on shares of Booz Allen Hamilton from $82.00 to $77.00 and set a “neutral” rating for the company in a research report on Wednesday, October 7th. Cantor Fitzgerald dropped their price objective on shares of Booz Allen Hamilton from $160.00 to $140.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. Bank of America cut their price objective on shares of Booz Allen Hamilton from $90.00 to $75.00 and set an “underperform” rating on the stock in a research report on Monday, July 20th. Finally, Jefferies Financial Group reduced their target price on shares of Booz Allen Hamilton from $80.00 to $75.00 and set a “hold” rating for the company in a research note on Wednesday, October 7th. Four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $85.62.

Booz Allen Hamilton Stock Down 0.1%

Shares of Booz Allen Hamilton stock opened at $74.44 on Friday. The business’s 50 day simple moving average is $74.44 and its 200 day simple moving average is $73.84. Booz Allen Hamilton Holding Corporation has a 52-week low of $59.50 and a 52-week high of $109.10. The firm has a market cap of $8.95 billion, a PE ratio of 10.88, a P/E/G ratio of 1.79 and a beta of 0.37. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.59 and a current ratio of 1.60.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings results on Friday, July 24th. The business services provider reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.32. The firm had revenue of $1.97 billion during 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 revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.48 EPS. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.35 EPS. On average, analysts predict that Booz Allen Hamilton Holding Corporation will post 6.34 earnings per share for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, August 14th. Booz Allen Hamilton’s payout ratio is currently 37.11%.

Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corporation is a management and technology consulting company that primarily serves the U.S. government, including defense, intelligence, civil, and health agencies. The company helps clients address complex national security, public-sector, and business challenges through consulting, engineering, technology integration, and mission-support services.

Its capabilities include artificial intelligence and data analytics, cybersecurity, digital transformation, cloud computing, systems engineering, software development, program management, and organizational strategy.