Continuum Advisory LLC Boosts Stake in Booz Allen Hamilton Holding Corporation $BAH

Continuum Advisory LLC raised its stake in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 30.0% during the 1st quarter, Holdings Channel reports. The fund owned 44,256 shares of the business services provider’s stock after purchasing an additional 10,224 shares during the period. Continuum Advisory LLC’s holdings in Booz Allen Hamilton were worth $3,453,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in BAH. Rakuten Securities Inc. boosted its position in Booz Allen Hamilton by 414.6% during the second quarter. Rakuten Securities Inc. now owns 247 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 199 shares in the last quarter. Activest Wealth Management lifted its position in shares of Booz Allen Hamilton by 141.3% during the fourth quarter. Activest Wealth Management now owns 304 shares of the business services provider’s stock valued at $26,000 after buying an additional 178 shares during the last quarter. Torren Management LLC bought a new stake in shares of Booz Allen Hamilton in the 4th quarter valued at about $26,000. Fulcrum Asset Management LLP purchased a new position in shares of Booz Allen Hamilton in the 3rd quarter worth approximately $32,000. Finally, Aventura Private Wealth LLC bought a new position in shares of Booz Allen Hamilton during the 4th quarter worth approximately $27,000. 91.82% of the stock is owned by institutional investors.

Booz Allen Hamilton Stock Down 0.2%

NYSE:BAH opened at $62.10 on Monday. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 3.55. Booz Allen Hamilton Holding Corporation has a twelve month low of $59.50 and a twelve month high of $120.04. The company has a market cap of $7.44 billion, a PE ratio of 9.01, a P/E/G ratio of 3.55 and a beta of 0.32. The company’s 50 day moving average is $75.67 and its two-hundred day moving average is $81.50.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings results on Friday, May 22nd. The business services provider reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.46. Booz Allen Hamilton had a net margin of 7.59% and a return on equity of 76.07%. The business had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $2.87 billion. During the same quarter last year, the company posted $1.61 earnings per share. The business’s quarterly revenue was down 5.9% on a year-over-year basis. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.350 EPS. Analysts anticipate that Booz Allen Hamilton Holding Corporation will post 6.23 EPS for the current year.

Booz Allen Hamilton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Wednesday, June 10th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Wednesday, June 10th. Booz Allen Hamilton’s dividend payout ratio is presently 34.25%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on BAH shares. William Blair restated an “outperform” rating on shares of Booz Allen Hamilton in a research note on Tuesday, March 3rd. Stifel Nicolaus set a $110.00 price objective on Booz Allen Hamilton and gave the company a “buy” rating in a report on Tuesday, May 26th. Wells Fargo & Company began coverage on Booz Allen Hamilton in a research report on Wednesday, April 1st. They issued an “equal weight” rating and a $85.00 price objective for the company. Citigroup reduced their target price on Booz Allen Hamilton from $109.00 to $87.00 and set a “neutral” rating on the stock in a research report on Thursday, April 2nd. Finally, Jefferies Financial Group set a $85.00 price target on Booz Allen Hamilton in a research note on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $88.00.

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.