Pacer Advisors Inc. Decreases Stake in Booz Allen Hamilton Holding Corporation $BAH

Key Points

• Pacer Advisors cut its Booz Allen Hamilton stake by 90.2% in the first quarter, selling 131,928 shares and retaining 14,320 shares valued at approximately $1.12 million. Institutional investors collectively own 91.82% of BAH.
• Booz Allen Hamilton reported quarterly EPS of $1.81, beating the $1.49 consensus estimate, but revenue fell 4.2% year over year to $1.97 billion. The company also declared a quarterly dividend of $0.59 per share, implying a 3.1% annual yield.
• Analyst sentiment remains cautious: BAH has a consensus “Reduce” rating and an average price target of $84.08, with several firms recently lowering their targets and issuing Hold or Sell ratings.

Pacer Advisors Inc. cut its holdings in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 90.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,320 shares of the business services provider's stock after selling 131,928 shares during the period. Pacer Advisors Inc.'s holdings in Booz Allen Hamilton were worth $1,117,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Booz Allen Hamilton by 15.9% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 128,890 shares of the business services provider's stock valued at $10,941,000 after purchasing an additional 17,686 shares in the last quarter. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Booz Allen Hamilton during the fourth quarter worth approximately $3,121,000. Weiss Asset Management LP acquired a new stake in shares of Booz Allen Hamilton during the first quarter worth approximately $12,945,000. Legal & General Group Plc increased its stake in shares of Booz Allen Hamilton by 9.9% in the fourth quarter. Legal & General Group Plc now owns 537,400 shares of the business services provider's stock worth $45,335,000 after buying an additional 48,457 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in Booz Allen Hamilton by 8.3% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 287,922 shares of the business services provider's stock valued at $24,289,000 after acquiring an additional 22,105 shares in the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.

Booz Allen Hamilton Stock Down 0.2%

BAH stock opened at $75.92 on Monday. The firm has a market cap of $9.13 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 3.95 and a beta of 0.34. Booz Allen Hamilton Holding Corporation has a 1-year low of $59.50 and a 1-year high of $112.22. The firm has a fifty day moving average price of $69.08 and a two-hundred day moving average price of $76.57. The company has a debt-to-equity ratio of 3.26, a current ratio of 1.60 and a quick ratio of 1.59.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted 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. Booz Allen Hamilton had a net margin of 7.01% and a return on equity of 76.71%. The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same period last year, the firm posted $1.48 EPS. The company's revenue for the quarter was down 4.2% on a year-over-year basis. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.35 EPS. Research analysts predict that Booz Allen Hamilton Holding Corporation will post 6.3 EPS for the current year.

Booz Allen Hamilton Dividend Announcement

The business 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. This represents a $2.36 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Friday, August 14th. Booz Allen Hamilton's payout ratio is presently 37.11%.

Analysts Set New Price Targets

A number of research analysts have commented on BAH shares. UBS Group raised their price objective on shares of Booz Allen Hamilton from $70.00 to $78.00 and gave the stock a "neutral" rating in a report on Monday, July 27th. Citigroup cut their target price on shares of Booz Allen Hamilton from $88.00 to $69.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 1st. Weiss Ratings cut shares of Booz Allen Hamilton from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, July 8th. Truist Financial decreased their price target on Booz Allen Hamilton from $85.00 to $70.00 and set a "hold" rating for the company in a research note on Friday, July 10th. Finally, The Goldman Sachs Group lowered their price objective on Booz Allen Hamilton from $74.00 to $65.00 and set a "sell" rating for the company in a report on Tuesday, July 14th. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus target price of $84.08.

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.

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