Raymond James Financial Inc. Sells 297,246 Shares of Booz Allen Hamilton Holding Corporation $BAH

Key Points

• Raymond James Financial Inc. reduced its stake in Booz Allen Hamilton by 22.1% during the 1st quarter, owning approximately 1,047,393 shares after selling 297,246 shares.
• Several hedge funds have significantly increased their investments in Booz Allen Hamilton, with Man Group plc raising its holdings by 2,293.2% in the 4th quarter.
• Booz Allen Hamilton announced a quarterly dividend of $0.55 per share, which translates to an annualized dividend of $2.20 and a yield of 2.0%.

Raymond James Financial Inc. decreased its stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 22.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,047,393 shares of the business services provider's stock after selling 297,246 shares during the period. Raymond James Financial Inc. owned 0.83% of Booz Allen Hamilton worth $109,536,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Weik Capital Management increased its position in shares of Booz Allen Hamilton by 32.4% in the first quarter. Weik Capital Management now owns 8,319 shares of the business services provider's stock valued at $870,000 after acquiring an additional 2,035 shares during the last quarter. American Century Companies Inc. increased its position in shares of Booz Allen Hamilton by 48.5% in the first quarter. American Century Companies Inc. now owns 139,243 shares of the business services provider's stock valued at $14,562,000 after acquiring an additional 45,470 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Booz Allen Hamilton by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,278,086 shares of the business services provider's stock valued at $133,664,000 after acquiring an additional 23,741 shares during the last quarter. Vestmark Advisory Solutions Inc. increased its position in shares of Booz Allen Hamilton by 41.5% in the first quarter. Vestmark Advisory Solutions Inc. now owns 6,008 shares of the business services provider's stock valued at $628,000 after acquiring an additional 1,762 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Booz Allen Hamilton by 16.1% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 69,377 shares of the business services provider's stock valued at $7,255,000 after acquiring an additional 9,600 shares during the last quarter. Institutional investors and hedge funds own 91.82% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. The Goldman Sachs Group downgraded 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 research report on Wednesday, May 28th. Wall Street Zen downgraded Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. William Blair upgraded Booz Allen Hamilton from a "market perform" rating to an "outperform" rating in a report on Monday, July 21st. Barclays reduced their price target on Booz Allen Hamilton from $140.00 to $120.00 and set an "equal weight" rating for the company in a report on Wednesday, May 28th. Finally, JPMorgan Chase & Co. lifted their price target on Booz Allen Hamilton from $115.00 to $122.00 and gave the stock an "underweight" rating in a report on Monday, July 28th. One 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. According to data from MarketBeat, Booz Allen Hamilton currently has an average rating of "Hold" and a consensus price target of $134.00.

Booz Allen Hamilton Stock Performance

Shares of Booz Allen Hamilton stock traded up $0.9410 on Friday, hitting $109.9110. The stock had a trading volume of 959,660 shares, compared to its average volume of 1,770,197. The stock has a market cap of $13.55 billion, a price-to-earnings ratio of 13.50, a price-to-earnings-growth ratio of 1.72 and a beta of 0.47. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 3.66. Booz Allen Hamilton Holding Corporation has a twelve month low of $98.95 and a twelve month high of $190.59. The business's 50 day moving average is $107.69 and its two-hundred day moving average is $111.24.

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

Booz Allen Hamilton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Thursday, August 14th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, August 14th. Booz Allen Hamilton's dividend payout ratio (DPR) is currently 27.03%.

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.