17,394 Booz Allen Hamilton Holding Corporation $BAH Shares Sold by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP cut its Booz Allen Hamilton stake by 62.2%, selling 17,394 shares and retaining 10,579 shares valued at approximately $642,000. Institutional investors still own 91.82% of the company.
• Analyst sentiment is cautious: Booz Allen Hamilton has an average “Reduce” rating and an average price target of $83.69, with recent downgrades and target-price cuts from several firms.
• BAH shares opened at $69.67, near the lower end of their 12-month range, while the company reported quarterly EPS of $1.81 that exceeded estimates and maintains a quarterly dividend of $0.59 per share, yielding about 3.4%.

Corient Private Wealth LP reduced its stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 62.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,579 shares of the business services provider's stock after selling 17,394 shares during the quarter. Corient Private Wealth LP's holdings in Booz Allen Hamilton were worth $642,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in BAH. Versant Capital Management Inc lifted its holdings in shares of Booz Allen Hamilton by 1,122.9% during the second quarter. Versant Capital Management Inc now owns 587 shares of the business services provider's stock worth $36,000 after buying an additional 539 shares in the last quarter. Axiom Investment Management LLC acquired a new position in shares of Booz Allen Hamilton in the first quarter valued at about $44,000. Global Retirement Partners LLC increased its position in Booz Allen Hamilton by 68.7% during the fourth quarter. Global Retirement Partners LLC now owns 690 shares of the business services provider's stock worth $58,000 after acquiring an additional 281 shares during the period. Huntington National Bank raised its stake in Booz Allen Hamilton by 606.7% in the 4th quarter. Huntington National Bank now owns 841 shares of the business services provider's stock worth $71,000 after purchasing an additional 722 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC acquired a new stake in Booz Allen Hamilton in the 1st quarter worth about $184,000. Institutional investors own 91.82% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Weiss Ratings cut shares of Booz Allen Hamilton from a "hold (c-)" rating to a "sell (d+)" rating in a report on Wednesday, July 8th. Bank of America reduced their price target on Booz Allen Hamilton from $90.00 to $75.00 and set an "underperform" rating on the stock in a research report on Monday, July 20th. Wall Street Zen lowered Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research note on Saturday, September 19th. Citigroup dropped their price objective on Booz Allen Hamilton from $88.00 to $69.00 and set a "neutral" rating for the company in a report on Wednesday, July 1st. Finally, Jefferies Financial Group reiterated a "hold" rating and set a $80.00 target price on shares of Booz Allen Hamilton in a research report on Tuesday, September 1st. Three equities research 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 MarketBeat, the stock currently has an average rating of "Reduce" and an average target price of $83.69.

Booz Allen Hamilton Price Performance

Shares of BAH opened at $69.67 on Wednesday. The company has a quick ratio of 1.59, a current ratio of 1.60 and a debt-to-equity ratio of 3.26. The stock has a market cap of $8.38 billion, a PE ratio of 10.95, a PEG ratio of 1.69 and a beta of 0.36. Booz Allen Hamilton Holding Corporation has a 12-month low of $59.50 and a 12-month high of $109.10. The business has a 50-day simple moving average of $74.40 and a two-hundred day simple moving average of $74.49.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last released its quarterly earnings results on Friday, July 24th. The business services provider reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.32. Booz Allen Hamilton had a return on equity of 76.71% and a net margin of 7.01%.The company had revenue of $1.97 billion for the quarter, compared to analysts' expectations of $2.81 billion. During the same period in the previous year, the business posted $1.48 earnings per share. The business's quarterly revenue was down 4.2% compared to the same quarter last year. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.35 EPS. Analysts anticipate that Booz Allen Hamilton Holding Corporation will post 6.34 earnings per share for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, August 14th. Booz Allen Hamilton's payout ratio is 37.11%.

Booz Allen Hamilton Profile

Booz Allen Hamilton Holding Corporation, operating as Booz Allen Hamilton, is a management and technology consulting company that primarily serves the U.S. government. Its clients include defense, intelligence, civil government, and national security organizations, as well as select commercial and international customers.

The company provides consulting and technology services focused on artificial intelligence, data and analytics, cybersecurity, digital transformation, engineering, cloud computing, and mission operations.

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