Concurrent Investment Advisors LLC Sells 19,608 Shares of Booz Allen Hamilton Holding Corporation $BAH

Key Points

• Concurrent Investment Advisors cut its Booz Allen Hamilton stake by 83.1% in the second quarter, selling 19,608 shares and retaining 3,978 shares worth approximately $241,000. Institutional investors collectively own 91.82% of the company.
• Analyst sentiment remains cautious: Booz Allen has a consensus rating of “Reduce” from MarketBeat, with an average price target of $83.69. Recent target reductions included TD Cowen, Cantor Fitzgerald, and Bank of America.
• The stock opened at $78.29, while the company reported quarterly EPS of $1.81, exceeding estimates of $1.49, despite a 4.2% year-over-year revenue decline. Booz Allen also pays a $0.59 quarterly dividend, representing a 3.0% annualized yield.

Concurrent Investment Advisors LLC lessened its stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 83.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,978 shares of the business services provider's stock after selling 19,608 shares during the period. Concurrent Investment Advisors LLC's holdings in Booz Allen Hamilton were worth $241,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Axiom Investment Management LLC bought a new stake in Booz Allen Hamilton during the first quarter worth about $44,000. Versant Capital Management Inc raised its holdings in shares of Booz Allen Hamilton by 1,122.9% during the 2nd quarter. Versant Capital Management Inc now owns 587 shares of the business services provider's stock valued at $36,000 after buying an additional 539 shares in the last quarter. Global Retirement Partners LLC lifted its position in Booz Allen Hamilton by 68.7% in the 4th quarter. Global Retirement Partners LLC now owns 690 shares of the business services provider's stock worth $58,000 after buying an additional 281 shares during the last quarter. Huntington National Bank lifted its position in Booz Allen Hamilton by 606.7% in the 4th quarter. Huntington National Bank now owns 841 shares of the business services provider's stock worth $71,000 after buying an additional 722 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its position in Booz Allen Hamilton by 32.0% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 987 shares of the business services provider's stock worth $83,000 after buying an additional 239 shares during the last quarter. Institutional investors own 91.82% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Wall Street Zen upgraded shares of Booz Allen Hamilton from a "hold" rating to a "buy" rating in a research report on Saturday, September 5th. TD Cowen lowered their price objective on shares of Booz Allen Hamilton from $85.00 to $70.00 and set a "hold" rating for the company in a report on Tuesday, July 7th. Jefferies Financial Group reaffirmed a "hold" rating and set a $80.00 target price on shares of Booz Allen Hamilton in a report on Tuesday, September 1st. Cantor Fitzgerald decreased their target price 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. Finally, Bank of America lowered their price target on shares of Booz Allen Hamilton from $90.00 to $75.00 and set an "underperform" rating for the company in a research note on Monday, July 20th. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average target price of $83.69.

Booz Allen Hamilton Trading Down 2.2%

NYSE:BAH opened at $78.29 on Thursday. The company has a fifty day moving average of $72.51 and a 200 day moving average of $74.76. Booz Allen Hamilton Holding Corporation has a 52 week low of $59.50 and a 52 week high of $109.10. The company has a quick ratio of 1.59, a current ratio of 1.60 and a debt-to-equity ratio of 3.26. The firm has a market capitalization of $9.42 billion, a P/E ratio of 12.31, a P/E/G ratio of 4.13 and a beta of 0.36.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last announced its quarterly 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. The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $2.81 billion. Booz Allen Hamilton had a net margin of 7.01% and a return on equity of 76.71%. The company's revenue was down 4.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.48 EPS. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.35 EPS. On average, research analysts predict that Booz Allen Hamilton Holding Corporation will post 6.33 earnings per share for the current year.

Booz Allen Hamilton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.36 annualized dividend and a dividend yield of 3.0%. Booz Allen Hamilton's payout ratio is 37.11%.

Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corporation, operating as Booz Allen Hamilton, is a management and technology consulting company that primarily serves the U.S. government. Its clients include defense, intelligence, civil government, and national security organizations, as well as select commercial and international customers.

The company provides consulting and technology services focused on artificial intelligence, data and analytics, cybersecurity, digital transformation, engineering, cloud computing, and mission operations.

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