Booz Allen Hamilton Holding Corporation $BAH Holdings Boosted by New York State Teachers Retirement System

New York State Teachers Retirement System grew its stake in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 21.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 74,420 shares of the business services provider’s stock after purchasing an additional 12,905 shares during the quarter. New York State Teachers Retirement System owned approximately 0.06% of Booz Allen Hamilton worth $5,807,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in BAH. iA Global Asset Management Inc. bought a new position in Booz Allen Hamilton during the 1st quarter worth $1,356,000. Continuum Advisory LLC boosted its holdings in shares of Booz Allen Hamilton by 30.0% during the first quarter. Continuum Advisory LLC now owns 44,256 shares of the business services provider’s stock valued at $3,453,000 after acquiring an additional 10,224 shares during the period. Union Bancaire Privee UBP SA boosted its holdings in shares of Booz Allen Hamilton by 4.3% during the first quarter. Union Bancaire Privee UBP SA now owns 13,494 shares of the business services provider’s stock valued at $1,053,000 after acquiring an additional 562 shares during the period. Louisiana State Employees Retirement System bought a new position in shares of Booz Allen Hamilton during the first quarter worth about $2,731,000. Finally, Fifth Third Wealth Advisors LLC grew its position in shares of Booz Allen Hamilton by 10.3% during the first quarter. Fifth Third Wealth Advisors LLC now owns 3,992 shares of the business services provider’s stock worth $311,000 after acquiring an additional 373 shares during the last quarter. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. TD Cowen cut their price objective on shares of Booz Allen Hamilton from $85.00 to $70.00 and set a “hold” rating on the stock in a research report on Tuesday. Wells Fargo & Company began coverage on shares of Booz Allen Hamilton in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $85.00 price target on the stock. BNP Paribas Exane assumed coverage on Booz Allen Hamilton in a report on Wednesday, May 27th. They set a “neutral” rating and a $80.00 price target on the stock. JPMorgan Chase & Co. decreased their price objective on 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, Stifel Nicolaus set a $110.00 target price on Booz Allen Hamilton and gave the company a “buy” rating in a research report on Tuesday, May 26th. Two investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $83.58.

Booz Allen Hamilton Stock Up 1.5%

BAH stock opened at $63.25 on Wednesday. Booz Allen Hamilton Holding Corporation has a 52 week low of $59.50 and a 52 week high of $120.04. The company has a market capitalization of $7.57 billion, a price-to-earnings ratio of 9.18, a price-to-earnings-growth ratio of 3.56 and a beta of 0.36. The firm’s 50-day moving average is $73.10 and its two-hundred day moving average is $80.08. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 3.55.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings data on Friday, May 22nd. The business services provider reported $1.78 earnings per share (EPS) for the quarter, beating 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 period last year, the firm posted $1.61 earnings per share. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.350 EPS. On average, analysts forecast that Booz Allen Hamilton Holding Corporation will post 6.23 earnings per share for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Wednesday, June 10th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Wednesday, June 10th. Booz Allen Hamilton’s payout ratio is currently 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.