Ascent Group LLC Reduces Stock Holdings in Booz Allen Hamilton Holding Corporation $BAH

Key Points

• Ascent Group LLC has reduced its stake in Booz Allen Hamilton by 51.9%, now holding 2,619 shares valued at $274,000 as of its recent SEC filing.
• Other investors, such as MassMutual Private Wealth & Trust FSB and Brooklyn Investment Group, significantly increased their holdings in Booz Allen Hamilton during the first quarter.
• Booz Allen Hamilton reported earnings of $1.48 per share for the last quarter, exceeding estimates, but its revenue fell by 0.6% year-over-year.

Ascent Group LLC trimmed its position in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 51.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,619 shares of the business services provider's stock after selling 2,826 shares during the period. Ascent Group LLC's holdings in Booz Allen Hamilton were worth $274,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of BAH. Personal CFO Solutions LLC lifted its stake in shares of Booz Allen Hamilton by 3.5% during the first quarter. Personal CFO Solutions LLC now owns 2,739 shares of the business services provider's stock valued at $286,000 after buying an additional 92 shares during the period. Raiffeisen Bank International AG grew its stake in Booz Allen Hamilton by 4.9% in the 1st quarter. Raiffeisen Bank International AG now owns 2,137 shares of the business services provider's stock worth $225,000 after acquiring an additional 100 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in Booz Allen Hamilton by 74.5% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 246 shares of the business services provider's stock valued at $26,000 after acquiring an additional 105 shares during the last quarter. Intrust Bank NA lifted its stake in shares of Booz Allen Hamilton by 2.6% during the 1st quarter. Intrust Bank NA now owns 4,544 shares of the business services provider's stock worth $475,000 after purchasing an additional 113 shares during the period. Finally, Yousif Capital Management LLC lifted its stake in shares of Booz Allen Hamilton by 5.5% during the 1st quarter. Yousif Capital Management LLC now owns 2,389 shares of the business services provider's stock worth $250,000 after purchasing an additional 124 shares during the period. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

Booz Allen Hamilton Trading Up 0.8%

Shares of NYSE:BAH traded up $0.82 during trading on Wednesday, reaching $102.65. 237,310 shares of the stock were exchanged, compared to its average volume of 2,212,133. The firm's 50-day moving average price is $108.23 and its 200 day moving average price is $109.93. The firm has a market cap of $12.65 billion, a price-to-earnings ratio of 12.60, a price-to-earnings-growth ratio of 1.59 and a beta of 0.45. Booz Allen Hamilton Holding Corporation has a 12-month low of $98.95 and a 12-month high of $190.59. The company has a debt-to-equity ratio of 3.66, a quick ratio of 1.78 and a current ratio of 1.78.

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

Booz Allen Hamilton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Thursday, August 14th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a 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%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. 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 report on Monday, July 28th. Wall Street Zen lowered Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Wells Fargo & Company dropped their price objective on shares of Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating for the company in a research note on Friday, May 23rd. Raymond James Financial reiterated a "market perform" rating on shares of Booz Allen Hamilton in a report on Friday, May 23rd. Finally, The Goldman Sachs Group downgraded shares of Booz Allen Hamilton from a "neutral" rating to a "sell" rating and lowered their target price for the company from $108.00 to $94.00 in a report on Wednesday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, Booz Allen Hamilton currently has a consensus rating of "Hold" and an average price target of $134.00.

Booz Allen Hamilton Company 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.