Booz Allen Hamilton Holding Corporation $BAH Shares Purchased by Legal & General Group Plc

Legal & General Group Plc boosted its holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 9.9% during the 4th quarter, Holdings Channel reports. The fund owned 537,400 shares of the business services provider’s stock after acquiring an additional 48,457 shares during the quarter. Legal & General Group Plc’s holdings in Booz Allen Hamilton were worth $45,335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the business. Diamond Hill Capital Management Inc. increased its position in Booz Allen Hamilton by 68.8% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 625,080 shares of the business services provider’s stock valued at $52,732,000 after acquiring an additional 254,795 shares during the period. Meiji Yasuda Asset Management Co Ltd. acquired a new stake in Booz Allen Hamilton in the 4th quarter valued at approximately $259,000. FourThought Financial Partners LLC acquired a new position in shares of Booz Allen Hamilton during the 4th quarter valued at $261,000. Global Retirement Partners LLC increased its position in shares of Booz Allen Hamilton by 68.7% during the 4th quarter. Global Retirement Partners LLC now owns 690 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 281 shares during the period. Finally, Leonteq Securities AG acquired a new position in shares of Booz Allen Hamilton during the 4th quarter valued at $1,750,000. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Booz Allen Hamilton Stock Performance

Shares of BAH stock opened at $79.17 on Friday. Booz Allen Hamilton Holding Corporation has a 1-year low of $68.83 and a 1-year high of $120.04. The company has a current ratio of 1.78, a quick ratio of 1.81 and a debt-to-equity ratio of 3.55. The company has a market capitalization of $9.48 billion, a price-to-earnings ratio of 11.49, a P/E/G ratio of 4.50 and a beta of 0.32. The stock’s fifty day simple moving average is $78.83 and its 200-day simple moving average is $83.03.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings results on Friday, May 22nd. The business services provider reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.46. Booz Allen Hamilton had a return on equity of 76.07% and a net margin of 7.59%.The business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter in the previous year, the company posted $1.61 earnings per share. Booz Allen Hamilton’s revenue for the quarter was down 5.9% compared to the same quarter last year. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.350 EPS. On average, sell-side analysts predict that Booz Allen Hamilton Holding Corporation will post 6.26 earnings per share for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Wednesday, June 10th will be issued a dividend of $0.59 per share. The ex-dividend date is Wednesday, June 10th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.0%. Booz Allen Hamilton’s payout ratio is currently 34.25%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on BAH shares. JPMorgan Chase & Co. decreased their target price on Booz Allen Hamilton from $97.00 to $85.00 and set an “underweight” rating on the stock in a report on Tuesday, May 26th. Jefferies Financial Group set a $85.00 target price on Booz Allen Hamilton in a report on Monday, May 11th. Citigroup decreased their target price on Booz Allen Hamilton from $109.00 to $87.00 and set a “neutral” rating on the stock in a report on Thursday, April 2nd. BNP Paribas Exane started coverage on Booz Allen Hamilton in a report on Wednesday. They issued a “neutral” rating and a $80.00 target price on the stock. Finally, UBS Group restated a “neutral” rating and issued a $83.00 target price on shares of Booz Allen Hamilton in a report on Tuesday. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $88.00.

Booz Allen Hamilton Company Profile

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.