Royal Bank of Canada Sells 74,118 Shares of Booz Allen Hamilton Holding Corporation $BAH

Key Points

• Royal Bank of Canada cut its Booz Allen Hamilton stake by 49.8% during the first quarter, selling 74,118 shares and retaining 74,700 shares valued at approximately $5.8 million. Institutional investors collectively own 91.82% of the company.
• Analyst sentiment is cautious, with a consensus rating of “Reduce” and an average price target of $84.08. Recent targets range from $65 to $140, reflecting sharply differing views on the stock.
• Booz Allen reported quarterly EPS of $1.81, beating estimates of $1.49, but revenue fell 4.2% year over year to $1.97 billion. The company also announced a quarterly dividend of $0.59 per share, representing a 3.0% annualized yield.

Royal Bank of Canada lessened its holdings in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 49.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 74,700 shares of the business services provider's stock after selling 74,118 shares during the period. Royal Bank of Canada owned about 0.06% of Booz Allen Hamilton worth $5,827,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Activest Wealth Management boosted its stake in shares of Booz Allen Hamilton by 141.3% in the fourth quarter. Activest Wealth Management now owns 304 shares of the business services provider's stock valued at $26,000 after buying an additional 178 shares during the period. Torren Management LLC acquired a new stake in Booz Allen Hamilton during the fourth quarter worth approximately $26,000. Rakuten Securities Inc. increased its stake in Booz Allen Hamilton by 414.6% during the 2nd quarter. Rakuten Securities Inc. now owns 247 shares of the business services provider's stock worth $26,000 after acquiring an additional 199 shares during the period. PenderFund Capital Management Ltd. bought a new position in Booz Allen Hamilton during the 4th quarter worth $30,000. Finally, Fulcrum Asset Management LLP acquired a new position in Booz Allen Hamilton in the 3rd quarter valued at $32,000. 91.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on BAH shares. Stifel Nicolaus set a $110.00 target price on Booz Allen Hamilton and gave the company a "buy" rating in a research report on Tuesday, May 26th. TD Cowen dropped 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 Tuesday, July 7th. The Goldman Sachs Group cut their price objective on shares of Booz Allen Hamilton from $74.00 to $65.00 and set a "sell" rating for the company in a research report on Tuesday, July 14th. BNP Paribas Exane initiated coverage on shares of Booz Allen Hamilton in a research note on Wednesday, May 27th. They set a "neutral" rating and a $80.00 price objective on the stock. Finally, 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 report on Thursday, July 23rd. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Reduce" and an average price target of $84.08.

Booz Allen Hamilton Trading Up 1.1%

Shares of BAH stock opened at $78.77 on Wednesday. Booz Allen Hamilton Holding Corporation has a fifty-two week low of $59.50 and a fifty-two week high of $112.22. The stock's fifty day moving average price is $68.91 and its two-hundred day moving average price is $76.34. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.59 and a current ratio of 1.60. The company has a market cap of $9.47 billion, a PE ratio of 12.38, a P/E/G ratio of 4.04 and a beta of 0.34.

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 EPS for the quarter, topping analysts' consensus estimates of $1.49 by $0.32. Booz Allen Hamilton had a return on equity of 76.71% and a net margin of 7.01%.The company had revenue of $1.97 billion during the quarter, compared to analysts' expectations of $2.81 billion. During the same quarter in the previous year, the firm earned $1.48 EPS. Booz Allen Hamilton's revenue 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. Equities analysts predict that Booz Allen Hamilton Holding Corporation will post 6.3 EPS for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The firm 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 dividend of $0.59 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.36 annualized dividend and a yield of 3.0%. Booz Allen Hamilton's payout ratio is presently 37.11%.

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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