Sumitomo Mitsui DS Asset Management Company Ltd Sells 101,274 Shares of Booz Allen Hamilton Holding Corporation $BAH

Sumitomo Mitsui DS Asset Management Company Ltd trimmed its holdings in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 89.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,810 shares of the business services provider’s stock after selling 101,274 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Booz Allen Hamilton were worth $1,230,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of BAH. Wellington Management Group LLP boosted its holdings in shares of Booz Allen Hamilton by 603.1% during the 1st quarter. Wellington Management Group LLP now owns 1,446,414 shares of the business services provider’s stock worth $151,266,000 after buying an additional 1,240,689 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Booz Allen Hamilton by 288.4% during the 1st quarter. AQR Capital Management LLC now owns 1,622,132 shares of the business services provider’s stock worth $168,491,000 after buying an additional 1,204,446 shares in the last quarter. 1832 Asset Management L.P. boosted its holdings in shares of Booz Allen Hamilton by 78.7% during the 1st quarter. 1832 Asset Management L.P. now owns 1,466,529 shares of the business services provider’s stock worth $153,370,000 after buying an additional 646,053 shares in the last quarter. Pacer Advisors Inc. bought a new position in shares of Booz Allen Hamilton during the 1st quarter worth approximately $59,148,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Booz Allen Hamilton by 2,108.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 545,017 shares of the business services provider’s stock worth $58,513,000 after buying an additional 520,339 shares in the last quarter. 91.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BAH has been the topic of a number of recent research reports. The Goldman Sachs Group cut Booz Allen Hamilton from a “neutral” rating to a “sell” rating and cut their target price for the stock from $108.00 to $94.00 in a report on Wednesday, May 28th. UBS Group set a $119.00 target price on Booz Allen Hamilton and gave the stock a “neutral” rating in a report on Monday, July 28th. JPMorgan Chase & Co. increased their target price on Booz Allen Hamilton from $115.00 to $122.00 and gave the stock an “underweight” rating in a report on Monday, July 28th. Barclays cut their target price on Booz Allen Hamilton from $140.00 to $120.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 28th. Finally, Stifel Nicolaus increased their target price on Booz Allen Hamilton from $112.00 to $119.00 and gave the stock a “hold” rating in a report on Monday, July 28th. One investment 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $134.00.

Booz Allen Hamilton Stock Performance

NYSE BAH opened at $99.82 on Tuesday. Booz Allen Hamilton Holding Corporation has a 1 year low of $98.75 and a 1 year high of $190.59. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.78 and a quick ratio of 1.78. The firm has a market cap of $12.30 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 1.60 and a beta of 0.45. The company has a fifty day moving average price of $107.74 and a 200-day moving average price of $109.73.

Booz Allen Hamilton (NYSE:BAH) last posted its 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. Booz Allen Hamilton had a net margin of 8.70% and a return on equity of 73.05%. The firm had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.96 billion. During the same quarter in the prior year, the business posted $1.38 EPS. The business’s revenue was down .6% compared to the same quarter last year. Booz Allen Hamilton has set its FY 2026 guidance at 6.200-6.550 EPS. As a group, equities research analysts predict that Booz Allen Hamilton Holding Corporation will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Thursday, August 14th were paid a $0.55 dividend. The ex-dividend date was Thursday, August 14th. This represents a $2.20 annualized dividend and a dividend yield of 2.2%. Booz Allen Hamilton’s dividend payout ratio is presently 27.03%.

About Booz Allen Hamilton

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.