Envestnet Asset Management Inc. Reduces Stake in Booz Allen Hamilton Holding Corporation $BAH

Envestnet Asset Management Inc. lessened its holdings in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 10.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 742,078 shares of the business services provider’s stock after selling 82,912 shares during the period. Envestnet Asset Management Inc. owned 0.61% of Booz Allen Hamilton worth $74,171,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Booz Allen Hamilton during the 2nd quarter worth approximately $168,069,000. Primecap Management Co. CA raised its stake in Booz Allen Hamilton by 2,011.8% during the 2nd quarter. Primecap Management Co. CA now owns 1,267,058 shares of the business services provider’s stock worth $131,939,000 after acquiring an additional 1,207,058 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Booz Allen Hamilton by 187.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,566,826 shares of the business services provider’s stock valued at $168,136,000 after acquiring an additional 1,021,809 shares during the last quarter. AQR Capital Management LLC boosted its stake in Booz Allen Hamilton by 58.2% in the second quarter. AQR Capital Management LLC now owns 2,565,792 shares of the business services provider’s stock valued at $264,251,000 after acquiring an additional 943,660 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Booz Allen Hamilton by 227.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 698,930 shares of the business services provider’s stock worth $72,780,000 after purchasing an additional 485,425 shares during the last quarter. 91.82% of the stock is owned by institutional investors and hedge funds.

Booz Allen Hamilton Price Performance

Booz Allen Hamilton stock opened at $89.12 on Monday. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.81 and a quick ratio of 1.81. The business has a 50 day simple moving average of $89.55 and a 200-day simple moving average of $95.68. Booz Allen Hamilton Holding Corporation has a 12 month low of $79.23 and a 12 month high of $130.91. The stock has a market capitalization of $10.75 billion, a PE ratio of 13.24, a price-to-earnings-growth ratio of 5.22 and a beta of 0.33.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings data on Friday, January 23rd. The business services provider reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.51. Booz Allen Hamilton had a net margin of 7.35% and a return on equity of 76.79%. The company had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $2.74 billion. During the same period in the previous year, the company posted $1.55 EPS. Booz Allen Hamilton’s revenue was down 10.2% compared to the same quarter last year. Booz Allen Hamilton has set its FY 2026 guidance at 5.950-6.150 EPS. Equities analysts predict that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 13th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $2.36 dividend on an annualized basis and a yield of 2.6%. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.55. Booz Allen Hamilton’s dividend payout ratio is presently 35.07%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. UBS Group reissued a “neutral” rating and issued a $97.00 target price on shares of Booz Allen Hamilton in a report on Tuesday, January 27th. Truist Financial set a $98.00 price objective on Booz Allen Hamilton in a research note on Friday, January 23rd. Weiss Ratings upgraded shares of Booz Allen Hamilton from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, January 27th. Stifel Nicolaus lifted their target price on shares of Booz Allen Hamilton from $106.00 to $115.00 and gave the company a “hold” rating in a report on Monday, January 26th. Finally, Citigroup increased their price target on shares of Booz Allen Hamilton from $93.00 to $109.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $101.25.

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.