Booz Allen Hamilton Holding Corporation $BAH Shares Sold by Amundi

Key Points

• Amundi cut its Booz Allen Hamilton stake by 87% in the first quarter, selling 143,504 shares and retaining 21,458 shares valued at approximately $1.67 million. Institutional investors collectively own 91.82% of the company.
• Analyst sentiment has weakened, with several firms lowering price targets and issuing sell or underperform ratings. The stock has a consensus “Reduce” rating and an average target price of $84.08.
• Booz Allen Hamilton reported quarterly EPS of $1.81, exceeding the $1.49 consensus estimate, although revenue fell 4.2% year over year. The company also declared a $0.59 quarterly dividend, representing a 3.1% annualized yield.

Amundi lowered its stake in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 87.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,458 shares of the business services provider's stock after selling 143,504 shares during the period. Amundi's holdings in Booz Allen Hamilton were worth $1,674,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Activest Wealth Management grew its position in Booz Allen Hamilton by 141.3% during the fourth quarter. Activest Wealth Management now owns 304 shares of the business services provider's stock valued at $26,000 after acquiring an additional 178 shares during the period. Torren Management LLC bought a new stake in Booz Allen Hamilton in the fourth quarter valued at about $26,000. Rakuten Securities Inc. increased its holdings in Booz Allen Hamilton by 414.6% in the second quarter. Rakuten Securities Inc. now owns 247 shares of the business services provider's stock valued at $26,000 after buying an additional 199 shares during the last quarter. PenderFund Capital Management Ltd. acquired a new stake in Booz Allen Hamilton during the fourth quarter valued at approximately $30,000. Finally, Fulcrum Asset Management LLP acquired a new stake in shares of Booz Allen Hamilton during the 3rd quarter worth approximately $32,000. Hedge funds and other institutional investors own 91.82% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. The Goldman Sachs Group cut their price objective on Booz Allen Hamilton from $74.00 to $65.00 and set a "sell" rating for the company in a research report on Tuesday, July 14th. Truist Financial cut their price objective on Booz Allen Hamilton from $85.00 to $70.00 and set a "hold" rating for the company in a research report on Friday, July 10th. Cantor Fitzgerald decreased their price target on shares of Booz Allen Hamilton from $160.00 to $140.00 and set an "overweight" rating on the stock in a research report on Thursday, July 23rd. Weiss Ratings cut shares of Booz Allen Hamilton from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, July 8th. Finally, Bank of America decreased their price objective on Booz Allen Hamilton from $90.00 to $75.00 and set an "underperform" rating on the stock in a report on Monday, July 20th. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Reduce" and a consensus target price of $84.08.

Booz Allen Hamilton Stock Up 2.7%

Shares of Booz Allen Hamilton stock opened at $75.92 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 market cap of $9.13 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 3.84 and a beta of 0.34. The stock's 50-day moving average is $69.08 and its 200 day moving average is $76.72. Booz Allen Hamilton Holding Corporation has a one year low of $59.50 and a one year high of $112.22.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its earnings results on Friday, July 24th. The business services provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.49 by $0.32. The company had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $2.81 billion. Booz Allen Hamilton had a net margin of 7.01% and a return on equity of 76.71%. The firm's revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.48 earnings per share. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.35 EPS. Equities research analysts anticipate that Booz Allen Hamilton Holding Corporation will post 6.3 EPS for the current year.

Booz Allen Hamilton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a $0.59 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.36 annualized dividend and a dividend yield of 3.1%. Booz Allen Hamilton's payout ratio is presently 37.11%.

Booz Allen Hamilton Profile

Booz Allen Hamilton Holding Corporation is a publicly traded management and technology consulting firm headquartered in McLean, Virginia. The company provides a wide range of professional services and solutions in strategy, analytics, digital transformation, engineering and cyber security. Its expertise spans from supporting federal civilian agencies to defense, intelligence and homeland security organizations, as well as select commercial industries.

Key offerings include data analytics and artificial intelligence applications, software development and modernization, systems integration, and cyber risk management.

Want to see what other hedge funds are holding BAH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source