Louisiana State Employees Retirement System Makes New Investment in Booz Allen Hamilton Holding Corporation $BAH

Louisiana State Employees Retirement System bought a new stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 35,000 shares of the business services provider’s stock, valued at approximately $2,731,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Primecap Management Co. CA grew its stake in shares of Booz Allen Hamilton by 135.2% during 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 purchasing an additional 2,682,460 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings 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 valued at $550,722,000 after purchasing an additional 1,811,906 shares in the last quarter. Norges Bank bought a new position in Booz Allen Hamilton in the 4th quarter worth approximately $143,749,000. State Street Corp raised its position in Booz Allen Hamilton by 53.2% in the 4th quarter. State Street Corp now owns 4,402,897 shares of the business services provider’s stock worth $371,428,000 after purchasing an additional 1,528,739 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in Booz Allen Hamilton by 36.0% during the 4th quarter. First Trust Advisors LP now owns 4,856,528 shares of the business services provider’s stock worth $409,697,000 after buying an additional 1,285,475 shares in the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Citigroup lowered their price target on shares of Booz Allen Hamilton from $109.00 to $87.00 and set a “neutral” rating for the company in a research report on Thursday, April 2nd. Truist Financial dropped their price target on Booz Allen Hamilton from $98.00 to $85.00 and set a “hold” rating on the stock in a research report on Monday, April 20th. BNP Paribas Exane assumed coverage on shares of Booz Allen Hamilton in a report on Wednesday, May 27th. They set a “neutral” rating and a $80.00 price objective on the stock. William Blair restated an “outperform” rating on shares of Booz Allen Hamilton in a research note on Tuesday, March 3rd. Finally, Stifel Nicolaus set a $110.00 price objective on shares of Booz Allen Hamilton and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Two investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Booz Allen Hamilton presently has an average rating of “Reduce” and an average target price of $88.00.

Booz Allen Hamilton Stock Down 0.2%

Booz Allen Hamilton stock opened at $62.10 on Monday. The stock has a market cap of $7.44 billion, a P/E ratio of 9.01, a P/E/G ratio of 3.55 and a beta of 0.32. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 3.55. Booz Allen Hamilton Holding Corporation has a twelve month low of $59.50 and a twelve month high of $120.04. The company’s 50-day moving average price is $75.67 and its two-hundred day moving average price is $81.50.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings data on Friday, May 22nd. The business services provider reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.46. The business had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $2.87 billion. Booz Allen Hamilton had a net margin of 7.59% and a return on equity of 76.07%. The business’s revenue was down 5.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.61 EPS. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.350 EPS. As a group, analysts expect that Booz Allen Hamilton Holding Corporation will post 6.23 EPS for the current year.

Booz Allen Hamilton Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 3.8%. Booz Allen Hamilton’s dividend payout ratio is 34.25%.

About Booz Allen Hamilton

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.