Sit Investment Associates Inc. Lowers Holdings in Booz Allen Hamilton Holding Corporation $BAH

Key Points

• Sit Investment Associates Inc. sold 18,955 shares of Booz Allen Hamilton, reducing its stake by 25.6% in the first quarter.
• Booz Allen Hamilton's stock has a target price range from $94.00 to $148.00, with an overall average rating of "Hold."
• The company announced a quarterly dividend of $0.55, resulting in an annualized dividend yield of 2.0%.

Sit Investment Associates Inc. reduced its position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 25.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,015 shares of the business services provider's stock after selling 18,955 shares during the period. Sit Investment Associates Inc.'s holdings in Booz Allen Hamilton were worth $5,753,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in BAH. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Booz Allen Hamilton by 16.1% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 69,377 shares of the business services provider's stock worth $7,255,000 after buying an additional 9,600 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. purchased a new position in Booz Allen Hamilton in the first quarter worth $7,431,000. Caitong International Asset Management Co. Ltd lifted its holdings in Booz Allen Hamilton by 9,888.2% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,698 shares of the business services provider's stock valued at $178,000 after acquiring an additional 1,681 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Booz Allen Hamilton by 10.8% during the 1st quarter. Russell Investments Group Ltd. now owns 238,105 shares of the business services provider's stock worth $24,908,000 after purchasing an additional 23,245 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. grew its stake in shares of Booz Allen Hamilton by 4.2% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 45,332 shares of the business services provider's stock worth $4,744,000 after purchasing an additional 1,823 shares during the period. Hedge funds and other institutional investors own 91.82% of the company's stock.

Booz Allen Hamilton Price Performance

Booz Allen Hamilton stock traded down $1.6950 during midday trading on Wednesday, reaching $107.9450. 189,722 shares of the company were exchanged, compared to its average volume of 2,297,292. The firm's 50-day simple moving average is $107.24 and its 200-day simple moving average is $111.80. Booz Allen Hamilton Holding Corporation has a 1 year low of $98.95 and a 1 year high of $190.59. The company has a market capitalization of $13.30 billion, a price-to-earnings ratio of 13.27, a P/E/G ratio of 1.71 and a beta of 0.47. The company has a debt-to-equity ratio of 3.66, a quick ratio of 1.78 and a current ratio of 1.78.

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 (EPS) 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 net margin of 8.70% and a return on equity of 73.05%. The firm's revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the company earned $1.38 EPS. Booz Allen Hamilton has set its FY 2026 guidance at 6.200-6.550 EPS. On average, analysts anticipate that Booz Allen Hamilton Holding Corporation will post 6.44 EPS for the current year.

Booz Allen Hamilton Announces Dividend

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

Analyst Ratings Changes

Several analysts recently commented on BAH shares. Stifel Nicolaus raised their price objective on shares of Booz Allen Hamilton from $112.00 to $119.00 and gave the company a "hold" rating in a research note on Monday, July 28th. Wells Fargo & Company decreased their price target on 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. William Blair raised Booz Allen Hamilton from a "market perform" rating to an "outperform" rating in a research note on Monday, July 21st. JPMorgan Chase & Co. boosted their target price on Booz Allen Hamilton from $115.00 to $122.00 and gave the stock an "underweight" rating in a research report on Monday, July 28th. Finally, The Goldman Sachs Group lowered Booz Allen Hamilton from a "neutral" rating to a "sell" rating and lowered their target price for the company from $108.00 to $94.00 in a report on Wednesday, May 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $134.00.

Booz Allen Hamilton Company Profile

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.