Booz Allen Hamilton Holding Corporation $BAH Shares Newly Purchased by Artemis Investment Management LLP

Key Points

• Artemis Investment Management LLP acquired 173,600 Booz Allen Hamilton shares worth approximately $12.1 million, representing about 0.14% of the company. Institutional investors collectively own 91.82% of BAH.
• Booz Allen reported quarterly EPS of $1.81, exceeding the $1.49 analyst consensus, but revenue declined 4.2% year over year to $1.97 billion. The company also maintains a quarterly dividend of $0.59 per share, yielding approximately 3.2% annually.
• Analyst sentiment remains mixed, with four Buy, seven Hold, and four Sell ratings; the consensus rating is Hold with an average price target of $85.62, compared with a recent share price of $72.85.

Artemis Investment Management LLP purchased a new position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 173,600 shares of the business services provider's stock, valued at approximately $12,051,000. Artemis Investment Management LLP owned about 0.14% of Booz Allen Hamilton 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 the company. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Booz Allen Hamilton by 38.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,528,226 shares of the business services provider's stock worth $550,722,000 after acquiring an additional 1,811,906 shares during the period. Black Creek Investment Management Inc. raised its stake in Booz Allen Hamilton by 20.0% during the fourth quarter. Black Creek Investment Management Inc. now owns 2,505,178 shares of the business services provider's stock worth $211,337,000 after purchasing an additional 416,702 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Booz Allen Hamilton by 1.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,590,848 shares of the business services provider's stock valued at $208,226,000 after purchasing an additional 45,276 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Booz Allen Hamilton by 12.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,352,790 shares of the business services provider's stock valued at $105,567,000 after purchasing an additional 151,166 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Booz Allen Hamilton by 2.6% during the 1st quarter. Bank of America Corp DE now owns 1,117,280 shares of the business services provider's stock valued at $87,181,000 after buying an additional 28,462 shares during the period. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

Booz Allen Hamilton Stock Performance

NYSE:BAH opened at $72.85 on Friday. The company has a debt-to-equity ratio of 3.26, a current ratio of 1.60 and a quick ratio of 1.59. The firm has a 50-day moving average of $74.35 and a two-hundred day moving average of $74.05. The stock has a market cap of $8.76 billion, a P/E ratio of 11.45, a PEG ratio of 1.65 and a beta of 0.37. Booz Allen Hamilton Holding Corporation has a 1-year low of $59.50 and a 1-year high of $109.10.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last announced its earnings results on Friday, July 24th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same period in the previous year, the company earned $1.48 earnings per share. The company's revenue for the quarter 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. On average, research analysts expect that Booz Allen Hamilton Holding Corporation will post 6.34 earnings per share for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a dividend of $0.59 per share. The ex-dividend date was Friday, August 14th. This represents a $2.36 annualized dividend and a yield of 3.2%. Booz Allen Hamilton's payout ratio is presently 37.11%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BAH. The Goldman Sachs Group dropped their price objective on Booz Allen Hamilton from $74.00 to $65.00 and set a "sell" rating for the company in a report on Tuesday, July 14th. Truist Financial raised Booz Allen Hamilton from a "hold" rating to a "buy" rating and boosted their price target for the company from $70.00 to $85.00 in a research report on Thursday. UBS Group boosted their price target on Booz Allen Hamilton from $70.00 to $78.00 and gave the company a "neutral" rating in a research report on Monday, July 27th. Citigroup dropped their price target on Booz Allen Hamilton from $82.00 to $77.00 and set a "neutral" rating for the company in a research note on Wednesday. Finally, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Booz Allen Hamilton in a research note on Friday, October 2nd. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $85.62.

Booz Allen Hamilton Profile

Booz Allen Hamilton Holding Corporation is a management and technology consulting company that primarily serves the U.S. government, including defense, intelligence, civil, and health agencies. The company helps clients address complex national security, public-sector, and business challenges through consulting, engineering, technology integration, and mission-support services.

Its capabilities include artificial intelligence and data analytics, cybersecurity, digital transformation, cloud computing, systems engineering, software development, program management, and organizational strategy.

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