Elevation Point Wealth Partners LLC Has $840,000 Stake in Booz Allen Hamilton Holding Corporation $BAH

Elevation Point Wealth Partners LLC reduced its position in Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 61.5% during the third quarter, HoldingsChannel reports. The firm owned 8,407 shares of the business services provider’s stock after selling 13,446 shares during the period. Elevation Point Wealth Partners LLC’s holdings in Booz Allen Hamilton were worth $840,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Rakuten Securities Inc. raised its stake in Booz Allen Hamilton by 414.6% during the second quarter. Rakuten Securities Inc. now owns 247 shares of the business services provider’s stock worth $26,000 after buying an additional 199 shares during the last quarter. West Branch Capital LLC boosted its position in Booz Allen Hamilton by 58.3% during the third quarter. West Branch Capital LLC now owns 285 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 105 shares during the last quarter. Cornerstone Planning Group LLC grew its holdings in Booz Allen Hamilton by 244.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 289 shares of the business services provider’s stock worth $29,000 after acquiring an additional 205 shares during the period. Eastern Bank acquired a new stake in Booz Allen Hamilton during the 3rd quarter worth about $35,000. Finally, Transamerica Financial Advisors LLC bought a new position in shares of Booz Allen Hamilton in the 2nd quarter worth about $41,000. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BAH. Citigroup boosted their price objective on Booz Allen Hamilton from $93.00 to $109.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. Zacks Research upgraded Booz Allen Hamilton from a “strong sell” rating to a “hold” rating in a report on Friday, November 28th. Truist Financial set a $98.00 price target on Booz Allen Hamilton in a research note on Friday, January 23rd. Weiss Ratings upgraded Booz Allen Hamilton from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, March 4th. Finally, William Blair reaffirmed an “outperform” rating on shares of Booz Allen Hamilton in a research report on Tuesday, March 3rd. Two research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Booz Allen Hamilton currently has a consensus rating of “Reduce” and an average target price of $101.25.

Booz Allen Hamilton Stock Performance

Shares of BAH opened at $75.76 on Tuesday. Booz Allen Hamilton Holding Corporation has a one year low of $73.93 and a one year high of $130.91. The company has a market cap of $9.14 billion, a PE ratio of 11.26, a P/E/G ratio of 4.59 and a beta of 0.37. The stock has a 50-day moving average of $85.48 and a 200-day moving average of $90.03. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.81 and a quick ratio of 1.81.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings results on Friday, January 23rd. The business services provider reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.51. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.74 billion. Booz Allen Hamilton had a return on equity of 76.79% and a net margin of 7.35%.The company’s quarterly revenue was down 10.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.55 earnings per share. Booz Allen Hamilton has set its FY 2026 guidance at 5.950-6.150 EPS. On average, equities research analysts predict that Booz Allen Hamilton Holding Corporation will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 13th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Friday, February 13th. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.55. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.1%. Booz Allen Hamilton’s payout ratio is currently 35.07%.

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.