Magnetar Financial LLC Trims Stock Holdings in Booz Allen Hamilton Holding Corporation $BAH

Key Points

• Magnetar Financial LLC decreased its holdings in Booz Allen Hamilton by 17.8%, owning 30,269 shares after selling 6,560 shares, with a total value of $3,166,000.
• Other institutional investors, like Wellington Management Group and Janus Henderson Group, significantly increased their stakes in Booz Allen Hamilton by over 600% and nearly 180%, respectively.
• Booz Allen Hamilton reported earnings of $1.48 per share, surpassing analysts' estimates, but its revenue fell short of expectations at $2.92 billion for the quarter.

Magnetar Financial LLC reduced its stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 17.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 30,269 shares of the business services provider's stock after selling 6,560 shares during the quarter. Magnetar Financial LLC's holdings in Booz Allen Hamilton were worth $3,166,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of BAH. Integrated Wealth Concepts LLC raised its position in shares of Booz Allen Hamilton by 12.4% in the 4th quarter. Integrated Wealth Concepts LLC now owns 1,556 shares of the business services provider's stock valued at $200,000 after purchasing an additional 172 shares during the last quarter. Boothbay Fund Management LLC acquired a new position in Booz Allen Hamilton in the 4th quarter worth approximately $296,000. Northern Trust Corp increased its holdings in Booz Allen Hamilton by 15.2% in the 4th quarter. Northern Trust Corp now owns 706,792 shares of the business services provider's stock worth $90,964,000 after buying an additional 93,092 shares during the period. AQR Capital Management LLC increased its holdings in Booz Allen Hamilton by 86.6% in the 4th quarter. AQR Capital Management LLC now owns 417,686 shares of the business services provider's stock worth $53,756,000 after buying an additional 193,867 shares during the period. Finally, Comerica Bank increased its holdings in Booz Allen Hamilton by 7.7% in the 4th quarter. Comerica Bank now owns 59,302 shares of the business services provider's stock worth $7,632,000 after buying an additional 4,261 shares during the period. 91.82% of the stock is owned by hedge funds and other institutional investors.

Booz Allen Hamilton Trading Down 3.5%

Shares of NYSE BAH traded down $3.73 during trading on Thursday, hitting $103.03. 670,442 shares of the company were exchanged, compared to its average volume of 2,234,342. Booz Allen Hamilton Holding Corporation has a 12-month low of $98.95 and a 12-month high of $190.59. The company has a debt-to-equity ratio of 3.66, a quick ratio of 1.78 and a current ratio of 1.78. The company has a fifty day moving average price of $108.94 and a 200-day moving average price of $110.64. The firm has a market capitalization of $12.70 billion, a PE ratio of 12.72, a P/E/G ratio of 1.71 and a beta of 0.45.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its quarterly earnings results on Friday, July 25th. The business services provider reported $1.48 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $2.96 billion. During the same quarter in the previous year, the firm earned $1.38 EPS. The company's quarterly revenue was down .6% compared to the same quarter last year. Booz Allen Hamilton has set its FY 2026 guidance at 6.200-6.550 EPS. As a group, equities research analysts expect that Booz Allen Hamilton Holding Corporation will post 6.44 EPS for the current year.

Booz Allen Hamilton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Thursday, August 14th were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Thursday, August 14th. Booz Allen Hamilton's payout ratio is currently 27.03%.

Analyst Ratings Changes

Several brokerages recently weighed in on BAH. UBS Group set a $119.00 price target on shares of Booz Allen Hamilton and gave the stock a "neutral" rating in a report on Monday, July 28th. William Blair upgraded shares of Booz Allen Hamilton from a "market perform" rating to an "outperform" rating in a report on Monday, July 21st. Wall Street Zen cut shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. The Goldman Sachs Group cut shares of Booz Allen Hamilton from a "neutral" rating to a "sell" rating and dropped their price objective for the stock from $108.00 to $94.00 in a research note on Wednesday, May 28th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Booz Allen Hamilton from $115.00 to $122.00 and gave the stock an "underweight" rating in a research note on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus 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.