398,602 Shares in Booz Allen Hamilton Holding Corporation $BAH Bought by Contour Asset Management LLC

Contour Asset Management LLC acquired a new stake in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 398,602 shares of the business services provider’s stock, valued at approximately $33,626,000. Booz Allen Hamilton comprises about 0.8% of Contour Asset Management LLC’s investment portfolio, making the stock its 27th largest position.

Several other hedge funds also recently bought and sold shares of the company. Rakuten Securities Inc. raised its stake in shares of 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 purchasing an additional 199 shares in the last quarter. Activest Wealth Management grew its stake in shares of Booz Allen Hamilton by 141.3% in the 4th quarter. Activest Wealth Management now owns 304 shares of the business services provider’s stock valued at $26,000 after buying an additional 178 shares in the last quarter. Torren Management LLC bought a new stake in shares of Booz Allen Hamilton in the 4th quarter valued at approximately $26,000. Fulcrum Asset Management LLP acquired a new position in Booz Allen Hamilton in the third quarter worth approximately $32,000. Finally, Aventura Private Wealth LLC acquired a new position in Booz Allen Hamilton in the fourth quarter worth approximately $27,000. 91.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Jefferies Financial Group set a $85.00 target price on shares of Booz Allen Hamilton in a research note on Monday, May 11th. TD Cowen reiterated a “hold” rating on shares of Booz Allen Hamilton in a report on Tuesday, May 26th. UBS Group reissued a “neutral” rating and set a $83.00 target price on shares of Booz Allen Hamilton in a research report on Tuesday, May 26th. BNP Paribas Exane initiated coverage on Booz Allen Hamilton in a report on Wednesday, May 27th. They set a “neutral” rating and a $80.00 target price on the stock. Finally, Stifel Nicolaus set a $110.00 price target on Booz Allen Hamilton and gave the stock a “buy” rating in a research note on Tuesday, May 26th. 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 company. According to data from MarketBeat, Booz Allen Hamilton presently has a consensus rating of “Reduce” and an average target price of $88.00.

Booz Allen Hamilton Stock Performance

Shares of BAH opened at $71.00 on Thursday. The company has a market capitalization of $8.50 billion, a PE ratio of 10.30, a price-to-earnings-growth ratio of 4.22 and a beta of 0.32. The company has a debt-to-equity ratio of 3.55, a current ratio of 1.78 and a quick ratio of 1.78. Booz Allen Hamilton Holding Corporation has a one year low of $68.83 and a one year high of $120.04. The company’s fifty day moving average price is $78.16 and its 200 day moving average price is $82.57.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings results on Friday, May 22nd. The business services provider reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.46. The company 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 quarterly revenue was down 5.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.61 earnings per share. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.350 EPS. As a group, analysts expect that Booz Allen Hamilton Holding Corporation will post 6.23 earnings per share for the current year.

Booz Allen Hamilton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Wednesday, June 10th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Wednesday, June 10th. Booz Allen Hamilton’s payout ratio is currently 34.25%.

Booz Allen Hamilton 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.