Booz Allen Hamilton Holding Corporation $BAH Shares Newly Purchased by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments acquired 143,856 Booz Allen Hamilton shares in the third quarter, worth about $9.99 million and representing 0.12% of the company. Institutional investors collectively own 91.82% of its shares.
• Analysts’ consensus rating is Hold, with an average price target of $89.29; five analysts rate the stock Buy, seven Hold, and three Sell.
• Booz Allen beat quarterly EPS estimates ($1.76 versus $1.48), but revenue fell 3.9% year over year to $2.78 billion. The company announced a quarterly dividend of $0.59 per share, equivalent to a 2.7% yield.

Mirae Asset Global Investments Co. Ltd. acquired a new position in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 143,856 shares of the business services provider's stock, valued at approximately $9,986,000. Mirae Asset Global Investments Co. Ltd. owned 0.12% of Booz Allen Hamilton at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Security National Bank of SO Dak grew its holdings in shares of Booz Allen Hamilton by 0.8% during the 2nd quarter. Security National Bank of SO Dak now owns 19,348 shares of the business services provider's stock worth $1,174,000 after acquiring an additional 158 shares during the period. Versant Capital Management Inc raised its position in shares of Booz Allen Hamilton by 30.8% in the 3rd quarter. Versant Capital Management Inc now owns 768 shares of the business services provider's stock worth $53,000 after acquiring an additional 181 shares in the last quarter. Ipsen Advisor Group LLC raised its position in shares of Booz Allen Hamilton by 3.5% in the 3rd quarter. Ipsen Advisor Group LLC now owns 6,169 shares of the business services provider's stock worth $428,000 after acquiring an additional 208 shares in the last quarter. Insight Advisors LLC PA lifted its stake in shares of Booz Allen Hamilton by 3.9% in the 3rd quarter. Insight Advisors LLC PA now owns 5,736 shares of the business services provider's stock valued at $398,000 after purchasing an additional 213 shares during the period. Finally, Signaturefd LLC lifted its stake in shares of Booz Allen Hamilton by 42.2% in the 3rd quarter. Signaturefd LLC now owns 734 shares of the business services provider's stock valued at $51,000 after purchasing an additional 218 shares during the period. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on BAH shares. Citigroup lifted their price target on Booz Allen Hamilton from $77.00 to $88.00 and gave the company a "neutral" rating in a research report on Monday, October 26th. Truist Financial upgraded Booz Allen Hamilton from a "hold" rating to a "buy" rating and increased their price objective for the stock from $70.00 to $85.00 in a report on Thursday, October 8th. Wall Street Zen raised Booz Allen Hamilton from a "hold" rating to a "buy" rating in a research report on Monday, October 19th. National Bank Financial set a $95.00 target price on shares of Booz Allen Hamilton in a report on Monday, October 26th. Finally, Weiss Ratings raised shares of Booz Allen Hamilton from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday, October 21st. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $89.29.

Booz Allen Hamilton Price Performance

BAH stock opened at $88.33 on Thursday. The company has a debt-to-equity ratio of 3.53, a quick ratio of 1.43 and a current ratio of 1.43. The firm has a 50 day moving average price of $75.86 and a 200-day moving average price of $76.58. Booz Allen Hamilton Holding Corporation has a 52-week low of $59.50 and a 52-week high of $109.10. The firm has a market capitalization of $10.48 billion, a price-to-earnings ratio of 13.72, a PEG ratio of 1.98 and a beta of 0.28.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its quarterly earnings results on Friday, October 23rd. The business services provider reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.28. Booz Allen Hamilton had a return on equity of 75.00% and a net margin of 7.14%. The company had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter in the prior year, the business posted $1.49 EPS. The firm's quarterly revenue was down 3.9% compared to the same quarter last year. Booz Allen Hamilton has set its FY 2027 guidance at 6.500-6.700 EPS. Equities research analysts forecast that Booz Allen Hamilton Holding Corporation will post 6.61 EPS for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Thursday, November 12th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, November 12th. Booz Allen Hamilton's dividend payout ratio is currently 36.65%.

Insiders Place Their Bets

In other news, EVP Joshua Petty sold 1,500 shares of the stock in a transaction on Wednesday, October 28th. The stock was sold at an average price of $82.92, for a total value of $124,380.00. Following the sale, the executive vice president directly owned 8,538 shares of the company's stock, valued at approximately $707,970.96. This represents a 14.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Buffum Fitzgerald sold 2,105 shares of the firm's stock in a transaction on Wednesday, October 28th. The shares were sold at an average price of $82.90, for a total value of $174,504.50. Following the transaction, the executive vice president owned 5,087 shares of the company's stock, valued at $421,712.30. The trade was a 29.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.08% of the company's stock.

About Booz Allen Hamilton

Booz Allen Hamilton Holding Corporation is a management and technology consulting company that provides services primarily to governments, defense and intelligence organizations, and commercial clients. The company helps organizations address complex challenges involving strategy, technology modernization, cybersecurity, data and analytics, artificial intelligence, engineering, and mission operations.

Its government-related work spans defense, national security, intelligence, civil government, and health markets.

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