Vise Technologies Inc. Makes New Investment in Booz Allen Hamilton Holding Corporation $BAH

Key Points

• Vise Technologies opened a new position in Booz Allen Hamilton, buying 12,551 shares worth approximately $871,000 in the third quarter.
• The company reported quarterly adjusted earnings of $1.76 per share, beating estimates of $1.48, while revenue of $2.78 billion fell short of forecasts and declined 3.9% year over year.
• Analysts have a consensus Hold rating and an average price target of $89.29; five rate the stock a Buy, seven a Hold, and three a Sell.

Vise Technologies Inc. purchased a new position in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 12,551 shares of the business services provider's stock, valued at approximately $871,000.

Several other hedge funds have also bought and sold shares of BAH. Allspring Global Investments Holdings LLC grew its stake in shares of Booz Allen Hamilton by 1.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,590,848 shares of the business services provider's stock worth $208,226,000 after buying an additional 45,276 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Booz Allen Hamilton by 12.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,352,790 shares of the business services provider's stock worth $105,567,000 after purchasing an additional 151,166 shares in the last quarter. Bank of America Corp DE grew its position in Booz Allen Hamilton by 2.6% during the 1st quarter. Bank of America Corp DE now owns 1,117,280 shares of the business services provider's stock valued at $87,181,000 after purchasing an additional 28,462 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in Booz Allen Hamilton during the 2nd quarter valued at about $51,325,000. Finally, Copeland Capital Management LLC raised its holdings in Booz Allen Hamilton by 292.5% in the third quarter. Copeland Capital Management LLC now owns 807,353 shares of the business services provider's stock worth $56,047,000 after buying an additional 601,677 shares during the last quarter. Institutional investors own 91.82% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. National Bank Financial set a $95.00 price target on shares of Booz Allen Hamilton in a research report on Monday, October 26th. Weiss Ratings upgraded Booz Allen Hamilton from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, October 21st. TD Cowen upgraded shares of Booz Allen Hamilton from a "hold" rating to a "buy" rating and upped their target price for the company from $77.00 to $95.00 in a research note on Monday, October 26th. BNP Paribas Exane lifted their target price on shares of Booz Allen Hamilton from $70.00 to $85.00 and gave the stock a "neutral" rating in a research report on Monday, October 26th. Finally, Truist Financial upgraded Booz Allen Hamilton from a "hold" rating to a "buy" rating and raised their price target for the stock from $70.00 to $85.00 in a research note on Thursday, October 8th. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $89.29.

Insider Buying and Selling

In other news, EVP Buffum Fitzgerald sold 2,105 shares of the firm's stock in a transaction on Wednesday, October 28th. The shares were sold at an average price of $82.90, for a total transaction of $174,504.50. Following the sale, the executive vice president directly owned 5,087 shares in the company, valued at $421,712.30. This trade represents a 29.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Joshua Petty sold 1,500 shares of the firm's stock in a transaction dated Wednesday, October 28th. The shares were sold at an average price of $82.92, for a total value of $124,380.00. Following the sale, the executive vice president directly owned 8,538 shares in the company, valued at approximately $707,970.96. This represents a 14.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.08% of the company's stock.

Booz Allen Hamilton Trading Up 1.9%

Shares of Booz Allen Hamilton stock opened at $86.96 on Tuesday. The company has a debt-to-equity ratio of 3.53, a current ratio of 1.43 and a quick ratio of 1.43. The stock has a market capitalization of $10.31 billion, a PE ratio of 12.40, a P/E/G ratio of 2.01 and a beta of 0.28. Booz Allen Hamilton Holding Corporation has a 1-year low of $59.50 and a 1-year high of $109.10. The company's fifty day simple moving average is $76.60 and its 200-day simple moving average is $76.46.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last announced its earnings results on Friday, October 23rd. The business services provider reported $1.76 EPS for the quarter, topping analysts' consensus estimates of $1.48 by $0.28. The company had revenue of $2.78 billion for the quarter, compared to analysts' expectations of $2.81 billion. Booz Allen Hamilton had a return on equity of 75.00% and a net margin of 7.14%. Booz Allen Hamilton's revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period last year, the firm earned $1.49 EPS. Booz Allen Hamilton has set its FY 2027 guidance at 6.500-6.700 EPS. As a group, equities analysts anticipate that Booz Allen Hamilton Holding Corporation will post 6.61 earnings per share for the current year.

Booz Allen Hamilton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Thursday, November 12th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $2.36 annualized dividend and a yield of 2.7%. Booz Allen Hamilton's payout ratio is currently 36.65%.

About Booz Allen Hamilton

Booz Allen Hamilton is a management and technology consulting firm that helps government and commercial clients address complex operational and technical challenges. Its services include strategy and organizational consulting, digital transformation, systems engineering, data analytics, artificial intelligence, and cybersecurity.

The company has a substantial focus on U.S. federal government work, supporting defense, intelligence, and civilian agencies on national security and public-sector missions.

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