Lazard Asset Management LLC Cuts Stock Position in Booz Allen Hamilton Holding Corporation $BAH

Lazard Asset Management LLC decreased its position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 5.1% during the 1st quarter, Holdings Channel.com reports. The fund owned 524,797 shares of the business services provider’s stock after selling 28,447 shares during the period. Lazard Asset Management LLC’s holdings in Booz Allen Hamilton were worth $40,950,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Activest Wealth Management lifted its position in shares of Booz Allen Hamilton by 141.3% during the fourth quarter. Activest Wealth Management now owns 304 shares of the business services provider’s stock worth $26,000 after purchasing an additional 178 shares in the last quarter. Torren Management LLC purchased a new stake in Booz Allen Hamilton during the 4th quarter worth approximately $26,000. Rakuten Securities Inc. increased its stake in Booz Allen Hamilton by 414.6% during the 2nd 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 period. PenderFund Capital Management Ltd. acquired a new stake in Booz Allen Hamilton during the 4th quarter worth approximately $30,000. Finally, Fulcrum Asset Management LLP purchased a new position in Booz Allen Hamilton in the 3rd quarter valued at approximately $32,000. 91.82% of the stock is owned by institutional investors and hedge funds.

Booz Allen Hamilton Stock Up 2.0%

BAH stock opened at $73.07 on Wednesday. The company has a market cap of $8.79 billion, a price-to-earnings ratio of 11.49, a price-to-earnings-growth ratio of 3.74 and a beta of 0.36. The company has a fifty day moving average price of $70.23 and a 200 day moving average price of $77.96. The company has a debt-to-equity ratio of 3.26, a current ratio of 1.60 and a quick ratio of 1.78. Booz Allen Hamilton Holding Corporation has a 12 month low of $59.50 and a 12 month high of $114.48.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings data on Friday, July 24th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.32. The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $2.81 billion. Booz Allen Hamilton had a net margin of 7.01% and a return on equity of 76.71%. Booz Allen Hamilton’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period last year, the firm posted $1.48 EPS. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.35 EPS. Sell-side analysts expect that Booz Allen Hamilton Holding Corporation will post 6.27 earnings per share for the current year.

Booz Allen Hamilton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.2%. Booz Allen Hamilton’s dividend payout ratio (DPR) is currently 37.11%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Cantor Fitzgerald reduced their price objective on Booz Allen Hamilton from $160.00 to $140.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. Stifel Nicolaus set a $110.00 price target on Booz Allen Hamilton and gave the company a “buy” rating in a research report on Tuesday, May 26th. Bank of America lowered their price objective on Booz Allen Hamilton from $90.00 to $75.00 and set an “underperform” rating for the company in a research report on Monday, July 20th. Truist Financial reduced their target price on shares of Booz Allen Hamilton from $85.00 to $70.00 and set a “hold” rating on the stock in a report on Friday, July 10th. Finally, Jefferies Financial Group set a $85.00 price target on shares of Booz Allen Hamilton in a research note on Monday, May 11th. Three investment 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 company presently has an average rating of “Reduce” and a consensus price target of $84.08.

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.