Leonteq Securities AG Reduces Stock Position in Booz Allen Hamilton Holding Corporation $BAH

Leonteq Securities AG trimmed its stake in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 39.1% in the first quarter, Holdings Channel.com reports. The fund owned 12,636 shares of the business services provider’s stock after selling 8,112 shares during the period. Leonteq Securities AG’s holdings in Booz Allen Hamilton were worth $986,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of BAH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Booz Allen Hamilton by 22.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,167 shares of the business services provider’s stock valued at $2,737,000 after purchasing an additional 4,870 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Booz Allen Hamilton by 365.0% during the first quarter. NewEdge Advisors LLC now owns 11,750 shares of the business services provider’s stock worth $1,229,000 after purchasing an additional 9,223 shares during the last quarter. Sivia Capital Partners LLC boosted its position in Booz Allen Hamilton by 53.7% during the second quarter. Sivia Capital Partners LLC now owns 4,460 shares of the business services provider’s stock worth $464,000 after purchasing an additional 1,559 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Booz Allen Hamilton by 132.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,429 shares of the business services provider’s stock worth $149,000 after purchasing an additional 815 shares in the last quarter. Finally, Cresset Asset Management LLC grew its holdings in Booz Allen Hamilton by 6.2% in the second quarter. Cresset Asset Management LLC now owns 3,257 shares of the business services provider’s stock valued at $339,000 after purchasing an additional 191 shares during the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BAH. BNP Paribas Exane began coverage on Booz Allen Hamilton in a research report on Wednesday, May 27th. They issued a “neutral” rating and a $80.00 price target for the company. JPMorgan Chase & Co. decreased their price objective on shares of 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. Citigroup lowered their price objective on shares of Booz Allen Hamilton from $88.00 to $69.00 and set a “neutral” rating on the stock in a research note on Wednesday. Jefferies Financial Group set a $85.00 target price on shares of Booz Allen Hamilton in a report on Monday, May 11th. Finally, TD Cowen restated a “hold” rating on shares of Booz Allen Hamilton in a research report on Tuesday, May 26th. Two analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Booz Allen Hamilton currently has a consensus rating of “Reduce” and an average price target of $86.50.

Booz Allen Hamilton Price Performance

BAH stock opened at $62.45 on Friday. The stock’s 50 day moving average price is $73.75 and its 200 day moving average price is $80.49. The firm has a market cap of $7.48 billion, a P/E ratio of 9.06, a PEG ratio of 3.57 and a beta of 0.36. The company has a debt-to-equity ratio of 3.55, a quick ratio of 1.78 and a current ratio of 1.78. Booz Allen Hamilton Holding Corporation has a 1 year low of $59.50 and a 1 year high of $120.04.

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 for the quarter, topping the consensus estimate 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 company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter last year, the business posted $1.61 earnings per share. Booz Allen Hamilton’s revenue 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 expect that Booz Allen Hamilton Holding Corporation will post 6.23 earnings per share for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Wednesday, June 10th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Wednesday, June 10th. Booz Allen Hamilton’s dividend payout ratio (DPR) is currently 34.25%.

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.