Booz Allen Hamilton Holding Corporation $BAH Shares Sold by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC significantly reduced its stake in Booz Allen Hamilton Holding Corporation by 83.1%, selling 873,113 shares and retaining about 0.14% of the company.
• Analysts have mixed opinions on Booz Allen Hamilton, with recent price targets ranging from $119.00 to $135.00 and a consensus rating of "Hold".
• Booz Allen Hamilton reported earnings of $1.48 per share, slightly exceeding expectations, while its revenue fell by 0.6% compared to the previous year, amounting to $2.92 billion.

Acadian Asset Management LLC cut its stake in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 83.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 177,378 shares of the business services provider's stock after selling 873,113 shares during the period. Acadian Asset Management LLC owned approximately 0.14% of Booz Allen Hamilton worth $18,543,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in BAH. Wellington Management Group LLP lifted its stake in Booz Allen Hamilton by 603.1% during the first quarter. Wellington Management Group LLP now owns 1,446,414 shares of the business services provider's stock worth $151,266,000 after purchasing an additional 1,240,689 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Booz Allen Hamilton by 288.4% during the 1st quarter. AQR Capital Management LLC now owns 1,622,132 shares of the business services provider's stock valued at $168,491,000 after acquiring an additional 1,204,446 shares during the period. 1832 Asset Management L.P. grew its position in Booz Allen Hamilton by 78.7% in the 1st quarter. 1832 Asset Management L.P. now owns 1,466,529 shares of the business services provider's stock valued at $153,370,000 after acquiring an additional 646,053 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in Booz Allen Hamilton during the first quarter worth about $59,148,000. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Booz Allen Hamilton by 2,108.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 545,017 shares of the business services provider's stock worth $58,513,000 after purchasing an additional 520,339 shares in the last quarter. Hedge funds and other institutional investors own 91.82% of the company's stock.

Booz Allen Hamilton Stock Performance

Shares of NYSE BAH traded up $0.60 during mid-day trading on Wednesday, hitting $102.43. 347,322 shares of the company were exchanged, compared to its average volume of 2,212,769. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 3.66. The firm has a market cap of $12.62 billion, a price-to-earnings ratio of 12.59, a price-to-earnings-growth ratio of 1.59 and a beta of 0.45. The stock has a 50 day simple moving average of $108.23 and a 200-day simple moving average of $109.93. Booz Allen Hamilton Holding Corporation has a 1-year low of $98.95 and a 1-year high of $190.59.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last released its earnings results on Friday, July 25th. The business services provider reported $1.48 EPS for the quarter, topping the consensus estimate of $1.45 by $0.03. The company had revenue of $2.92 billion during the quarter, compared to analysts' expectations of $2.96 billion. Booz Allen Hamilton had a net margin of 8.70% and a return on equity of 73.05%. The business's revenue was down .6% on a year-over-year basis. During the same quarter last year, the business earned $1.38 EPS. Booz Allen Hamilton has set its FY 2026 guidance at 6.200-6.550 EPS. On average, sell-side analysts forecast that Booz Allen Hamilton Holding Corporation will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Thursday, August 14th were paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Thursday, August 14th. Booz Allen Hamilton's dividend payout ratio is 27.03%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. William Blair raised shares of Booz Allen Hamilton from a "market perform" rating to an "outperform" rating in a research note on Monday, July 21st. The Goldman Sachs Group cut Booz Allen Hamilton from a "neutral" rating to a "sell" rating and lowered their target price for the stock from $108.00 to $94.00 in a research note on Wednesday, May 28th. Stifel Nicolaus lifted their price objective on Booz Allen Hamilton from $112.00 to $119.00 and gave the company a "hold" rating in a research note on Monday, July 28th. Wall Street Zen lowered shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Finally, UBS Group set a $119.00 price target on shares of Booz Allen Hamilton and gave the stock a "neutral" rating in a report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $134.00.

Booz Allen Hamilton Profile

Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to governments, corporations, and not-for-profit organizations in the United States and internationally. It focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.