Elevate Capital Advisors LLC Purchases New Position in Booz Allen Hamilton Holding Corporation $BAH

Elevate Capital Advisors LLC acquired a new position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 25,994 shares of the business services provider’s stock, valued at approximately $2,598,000. Booz Allen Hamilton makes up approximately 1.8% of Elevate Capital Advisors LLC’s investment portfolio, making the stock its 20th biggest holding.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Eastern Bank acquired a new position in shares of Booz Allen Hamilton during the third quarter worth $35,000. Kera Capital Partners Inc. acquired a new position in Booz Allen Hamilton in the 3rd quarter worth about $256,000. Quent Capital LLC acquired a new position in Booz Allen Hamilton in the 3rd quarter worth about $53,000. Tokio Marine Asset Management Co. Ltd. raised its position in Booz Allen Hamilton by 4.1% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,463 shares of the business services provider’s stock valued at $446,000 after purchasing an additional 177 shares during the last quarter. Finally, Bayforest Capital Ltd bought a new stake in shares of Booz Allen Hamilton during the third quarter worth about $370,000. Institutional investors and hedge funds own 91.82% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Horacio Rozanski purchased 23,800 shares of the business’s stock in a transaction on Thursday, October 30th. The shares were acquired at an average price of $84.66 per share, for a total transaction of $2,014,908.00. Following the completion of the acquisition, the chief executive officer owned 687,745 shares in the company, valued at approximately $58,224,491.70. The trade was a 3.58% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.91% of the company’s stock.

Booz Allen Hamilton Price Performance

Booz Allen Hamilton stock opened at $96.36 on Thursday. The stock has a market capitalization of $11.69 billion, a price-to-earnings ratio of 14.71, a PEG ratio of 1.68 and a beta of 0.34. Booz Allen Hamilton Holding Corporation has a 52-week low of $79.23 and a 52-week high of $146.95. The company has a debt-to-equity ratio of 3.89, a quick ratio of 1.76 and a current ratio of 1.76. The stock’s 50 day moving average price is $86.70 and its two-hundred day moving average price is $97.73.

Booz Allen Hamilton (NYSE:BAH) last released its earnings results on Friday, October 24th. The business services provider reported $1.49 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.49. The company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.99 billion. Booz Allen Hamilton had a net margin of 7.06% and a return on equity of 71.87%. Booz Allen Hamilton’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.81 EPS. Booz Allen Hamilton has set its FY 2026 guidance at 5.450-5.650 EPS. On average, equities analysts predict that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Friday, November 14th were given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Friday, November 14th. Booz Allen Hamilton’s payout ratio is presently 33.59%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BAH. Zacks Research upgraded shares of Booz Allen Hamilton from a “strong sell” rating to a “hold” rating in a report on Friday, November 28th. UBS Group dropped their price target on shares of Booz Allen Hamilton from $115.00 to $93.00 and set a “neutral” rating for the company in a research note on Monday, October 27th. The Goldman Sachs Group reduced their price objective on shares of Booz Allen Hamilton from $93.00 to $80.00 and set a “sell” rating on the stock in a research note on Monday, October 27th. TD Cowen restated a “hold” rating and issued a $105.00 price objective (down from $125.00) on shares of Booz Allen Hamilton in a report on Friday, October 17th. Finally, Stifel Nicolaus set a $106.00 target price on Booz Allen Hamilton in a report on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, Booz Allen Hamilton has an average rating of “Hold” and a consensus target price of $109.46.

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.