Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Acquired by Raymond James Trust N.A.

Posted by Defense World Staff on Jan 15th, 2023

Raymond James Trust N.A. lifted its position in Booz Allen Hamilton Holding Co. (NYSE:BAH – Get Rating) by 9.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,301 shares of the business services provider’s stock after purchasing an additional 457 shares during the quarter. Raymond James Trust N.A.’s holdings in Booz Allen Hamilton were worth $489,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of BAH. Roundview Capital LLC grew its holdings in shares of Booz Allen Hamilton by 2.5% in the first quarter. Roundview Capital LLC now owns 23,668 shares of the business services provider’s stock valued at $2,079,000 after purchasing an additional 580 shares during the period. D.A. Davidson & CO. purchased a new stake in shares of Booz Allen Hamilton in the first quarter valued at about $212,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Booz Allen Hamilton during the first quarter worth about $274,000. MetLife Investment Management LLC purchased a new position in Booz Allen Hamilton during the first quarter worth about $746,000. Finally, Panagora Asset Management Inc. boosted its stake in Booz Allen Hamilton by 34.4% during the first quarter. Panagora Asset Management Inc. now owns 10,491 shares of the business services provider’s stock worth $922,000 after buying an additional 2,685 shares during the period. Hedge funds and other institutional investors own 90.68% of the company’s stock.

Booz Allen Hamilton Stock Down 0.5 %

Shares of NYSE:BAH opened at $94.99 on Friday. The firm’s 50 day moving average price is $104.83 and its 200 day moving average price is $99.24. The stock has a market cap of $12.56 billion, a price-to-earnings ratio of 24.11, a price-to-earnings-growth ratio of 2.40 and a beta of 0.65. Booz Allen Hamilton Holding Co. has a fifty-two week low of $69.68 and a fifty-two week high of $112.55. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 2.29.

Booz Allen Hamilton (NYSE:BAH – Get Rating) last issued its earnings results on Friday, October 28th. The business services provider reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.22. The firm had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.26 billion. Booz Allen Hamilton had a net margin of 6.00% and a return on equity of 52.33%. The firm’s revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.26 earnings per share. As a group, equities research analysts predict that Booz Allen Hamilton Holding Co. will post 4.46 earnings per share for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 2nd. Investors of record on Tuesday, November 15th were issued a $0.43 dividend. The ex-dividend date was Monday, November 14th. This represents a $1.72 annualized dividend and a yield of 1.81%. Booz Allen Hamilton’s dividend payout ratio (DPR) is 43.65%.

Insiders Place Their Bets

In other Booz Allen Hamilton news, EVP Richard Crowe sold 2,573 shares of the firm’s stock in a transaction that occurred on Tuesday, October 18th. The shares were sold at an average price of $100.00, for a total transaction of $257,300.00. Following the sale, the executive vice president now owns 14,278 shares of the company’s stock, valued at $1,427,800. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.23% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. StockNews.com raised shares of Booz Allen Hamilton from a “hold” rating to a “buy” rating in a research note on Tuesday, January 10th. Morgan Stanley increased their target price on shares of Booz Allen Hamilton from $110.00 to $118.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 3rd. Wells Fargo & Company increased their target price on shares of Booz Allen Hamilton from $100.00 to $109.00 and gave the stock an “overweight” rating in a research note on Monday, November 7th. Truist Financial increased their target price on shares of Booz Allen Hamilton from $100.00 to $106.00 and gave the stock a “hold” rating in a research note on Monday, October 31st. Finally, Raymond James lowered shares of Booz Allen Hamilton from an “outperform” rating to a “market perform” rating and set a $99.00 price objective for the company. in a research note on Wednesday, October 19th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Booz Allen Hamilton presently has an average rating of “Moderate Buy” and an average price target of $103.00.

Booz Allen Hamilton Company Profile

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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. The company offers consulting solutions for various domains, business strategies, human capital, and operations.