New Mexico Educational Retirement Board Makes New Investment in Booz Allen Hamilton Holding Corporation $BAH

New Mexico Educational Retirement Board bought a new position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) during the 4th quarter, Holdings Channel reports. The institutional investor bought 24,800 shares of the business services provider’s stock, valued at approximately $2,092,000.

Several other hedge funds have also recently bought and sold shares of BAH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Booz Allen Hamilton by 22.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,167 shares of the business services provider’s stock worth $2,737,000 after buying an additional 4,870 shares during the period. NewEdge Advisors LLC raised its holdings in Booz Allen Hamilton by 365.0% during the 1st quarter. NewEdge Advisors LLC now owns 11,750 shares of the business services provider’s stock worth $1,229,000 after buying an additional 9,223 shares during the period. Sivia Capital Partners LLC raised its holdings in Booz Allen Hamilton by 53.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,460 shares of the business services provider’s stock worth $464,000 after buying an additional 1,559 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Booz Allen Hamilton by 132.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,429 shares of the business services provider’s stock worth $149,000 after buying an additional 815 shares during the period. Finally, Cresset Asset Management LLC raised its holdings in Booz Allen Hamilton by 6.2% during the 2nd quarter. Cresset Asset Management LLC now owns 3,257 shares of the business services provider’s stock worth $339,000 after buying an additional 191 shares during the period. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Booz Allen Hamilton Stock Up 6.1%

NYSE:BAH opened at $84.02 on Tuesday. Booz Allen Hamilton Holding Corporation has a twelve month low of $68.83 and a twelve month high of $120.04. 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 stock’s 50 day moving average price is $78.89 and its two-hundred day moving average price is $82.98. The firm has a market capitalization of $10.06 billion, a price-to-earnings ratio of 12.20, a price-to-earnings-growth ratio of 4.50 and a beta of 0.32.

Booz Allen Hamilton (NYSE:BAH) last released its earnings results on Friday, May 22nd. The business services provider reported $1.78 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $2.87 billion. During the same period last year, the business earned $1.61 earnings per share. The firm’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. Equities research analysts expect that Booz Allen Hamilton Holding Corporation will post 6.26 earnings per share for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Wednesday, June 10th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Wednesday, June 10th. Booz Allen Hamilton’s dividend payout ratio is presently 34.25%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. JPMorgan Chase & Co. dropped their target price 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 dropped their target price on shares of Booz Allen Hamilton from $109.00 to $87.00 and set a “neutral” rating on the stock in a report on Thursday, April 2nd. Truist Financial lowered their price objective on shares of Booz Allen Hamilton from $98.00 to $85.00 and set a “hold” rating on the stock in a report on Monday, April 20th. William Blair reiterated an “outperform” rating on shares of Booz Allen Hamilton in a report on Tuesday, March 3rd. Finally, UBS Group reiterated a “neutral” rating and issued a $83.00 price objective on shares of Booz Allen Hamilton in a report on Tuesday, May 26th. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $88.00.

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.