Korea Investment CORP Sells 58,324 Shares of Booz Allen Hamilton Holding Corporation $BAH

Key Points

• Korea Investment CORP has reduced its holdings in Booz Allen Hamilton by 35.0%, selling 58,324 shares, leaving it with approximately 0.09% of the company valued at $11.3 million.
• In contrast, other institutional investors like Janus Henderson Group and Man Group drastically increased their stakes in Booz Allen Hamilton, with Janus Henderson growing its position by 179.7% and Man Group by 2,293.2% in the latest quarter.
• Booz Allen Hamilton reported quarterly earnings of $1.48 per share, surpassing analyst estimates, with ongoing forecasts projecting 6.44 earnings per share for the current year.

Korea Investment CORP cut its stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 35.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,217 shares of the business services provider's stock after selling 58,324 shares during the period. Korea Investment CORP owned approximately 0.09% of Booz Allen Hamilton worth $11,317,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Northern Trust Corp raised its stake in Booz Allen Hamilton by 0.4% in the first quarter. Northern Trust Corp now owns 709,864 shares of the business services provider's stock valued at $74,238,000 after purchasing an additional 3,072 shares in the last quarter. Brooklyn Investment Group raised its position in shares of Booz Allen Hamilton by 102.8% in the 1st quarter. Brooklyn Investment Group now owns 294 shares of the business services provider's stock valued at $31,000 after buying an additional 149 shares in the last quarter. Versor Investments LP raised its position in shares of Booz Allen Hamilton by 18.3% in the 1st quarter. Versor Investments LP now owns 8,569 shares of the business services provider's stock valued at $896,000 after buying an additional 1,323 shares in the last quarter. Weik Capital Management lifted its holdings in shares of Booz Allen Hamilton by 32.4% during the 1st quarter. Weik Capital Management now owns 8,319 shares of the business services provider's stock worth $870,000 after acquiring an additional 2,035 shares during the period. Finally, American Century Companies Inc. boosted its position in shares of Booz Allen Hamilton by 48.5% during the 1st quarter. American Century Companies Inc. now owns 139,243 shares of the business services provider's stock worth $14,562,000 after acquiring an additional 45,470 shares in the last quarter. 91.82% of the stock is owned by institutional investors and hedge funds.

Booz Allen Hamilton Trading Up 0.3%

Booz Allen Hamilton stock traded up $0.30 during trading hours on Tuesday, hitting $109.74. The stock had a trading volume of 442,338 shares, compared to its average volume of 2,266,575. The business's 50 day simple moving average is $107.83 and its 200-day simple moving average is $111.11. Booz Allen Hamilton Holding Corporation has a one year low of $98.95 and a one year high of $190.59. The stock has a market cap of $13.53 billion, a price-to-earnings ratio of 13.48, a P/E/G 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 (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 for the quarter, topping the consensus estimate of $1.45 by $0.03. The company had revenue of $2.92 billion for the quarter, compared to analysts' expectations of $2.96 billion. Booz Allen Hamilton had a return on equity of 73.05% and a net margin of 8.70%.The business's quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.38 earnings per share. Booz Allen Hamilton has set its FY 2026 guidance at 6.200-6.550 EPS. On average, equities analysts predict that Booz Allen Hamilton Holding Corporation will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have commented on BAH shares. William Blair upgraded shares of Booz Allen Hamilton from a "market perform" rating to an "outperform" rating in a research report on Monday, July 21st. Raymond James Financial restated a "market perform" rating on shares of Booz Allen Hamilton in a research report on Friday, May 23rd. UBS Group set a $119.00 price objective on Booz Allen Hamilton and gave the company a "neutral" rating in a research note on Monday, July 28th. Barclays lowered their target price on Booz Allen Hamilton from $140.00 to $120.00 and set an "equal weight" rating for the company in a research note on Wednesday, May 28th. Finally, Wells Fargo & Company reduced their price target on shares of Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating on the stock in a research note on Friday, May 23rd. One equities research 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 given a Sell rating to the stock. According to data from MarketBeat.com, Booz Allen Hamilton currently has an average rating of "Hold" and an average price target of $134.00.

About Booz Allen Hamilton

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.