Engineers Gate Manager LP Purchases 98,205 Shares of Booz Allen Hamilton Holding Corporation $BAH

Engineers Gate Manager LP raised its holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 3,206.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 101,268 shares of the business services provider’s stock after buying an additional 98,205 shares during the period. Engineers Gate Manager LP owned about 0.08% of Booz Allen Hamilton worth $6,144,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Integrated Wealth Concepts LLC acquired a new position in Booz Allen Hamilton in the 2nd quarter valued at $368,000. IFP Advisors Inc boosted its stake in shares of Booz Allen Hamilton by 24.8% in the 2nd quarter. IFP Advisors Inc now owns 1,377 shares of the business services provider’s stock valued at $84,000 after purchasing an additional 274 shares in the last quarter. Baird Financial Group Inc. boosted its position in Booz Allen Hamilton by 53.7% in the second quarter. Baird Financial Group Inc. now owns 18,080 shares of the business services provider’s stock valued at $1,097,000 after buying an additional 6,314 shares in the last quarter. Allworth Financial LP grew its position in Booz Allen Hamilton by 56.7% during the 2nd quarter. Allworth Financial LP now owns 5,557 shares of the business services provider’s stock worth $337,000 after acquiring an additional 2,011 shares during the last quarter. Finally, Nykredit A S bought a new stake in shares of Booz Allen Hamilton during the second quarter worth about $295,000. Institutional investors and hedge funds own 91.82% of the company’s stock.

Booz Allen Hamilton Stock Performance

Shares of BAH opened at $75.80 on Friday. The firm has a market capitalization of $9.12 billion, a P/E ratio of 11.92, a P/E/G ratio of 3.90 and a beta of 0.36. Booz Allen Hamilton Holding Corporation has a 52 week low of $59.50 and a 52 week high of $109.10. The stock has a 50 day moving average price of $71.52 and a two-hundred day moving average price of $74.71. 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 announced its earnings results on Friday, July 24th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.32. Booz Allen Hamilton had a return on equity of 76.71% and a net margin of 7.01%.The company had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $2.81 billion. During the same quarter in the previous year, the firm earned $1.48 earnings per share. Booz Allen Hamilton’s quarterly revenue was down 4.2% on a year-over-year basis. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.35 EPS. Equities analysts forecast that Booz Allen Hamilton Holding Corporation will post 6.33 earnings per share for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were issued a $0.59 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.36 annualized dividend and a dividend yield of 3.1%. Booz Allen Hamilton’s dividend payout ratio is currently 37.11%.

Analysts Set New Price Targets

BAH has been the topic of a number of analyst reports. JPMorgan Chase & Co. reduced their price target on Booz Allen Hamilton from $97.00 to $85.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 26th. Cantor Fitzgerald lowered their price objective on Booz Allen Hamilton from $160.00 to $140.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. UBS Group lifted their price objective on Booz Allen Hamilton from $70.00 to $78.00 and gave the stock a “neutral” rating in a research note on Monday, July 27th. The Goldman Sachs Group reduced their target price on Booz Allen Hamilton from $74.00 to $65.00 and set a “sell” rating on the stock in a report on Tuesday, July 14th. Finally, Truist Financial reduced their target price on Booz Allen Hamilton from $85.00 to $70.00 and set a “hold” rating on the stock in a report on Friday, July 10th. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $83.69.

About Booz Allen Hamilton

Booz Allen Hamilton Holding Corporation, operating as Booz Allen Hamilton, is a management and technology consulting company that primarily serves the U.S. government. Its clients include defense, intelligence, civil government, and national security organizations, as well as select commercial and international customers.

The company provides consulting and technology services focused on artificial intelligence, data and analytics, cybersecurity, digital transformation, engineering, cloud computing, and mission operations.