Public Employees Retirement System of Ohio Makes New $2.07 Million Investment in Booz Allen Hamilton Holding Corporation $BAH

Public Employees Retirement System of Ohio acquired a new stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 34,101 shares of the business services provider’s stock, valued at approximately $2,069,000.

A number of other institutional investors and hedge funds have also made changes to their positions in BAH. Manning & Napier Advisors LLC purchased a new stake in shares of Booz Allen Hamilton in the second quarter valued at approximately $222,000. Foster & Motley Inc. purchased a new position in shares of Booz Allen Hamilton during the 2nd quarter valued at approximately $216,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in Booz Allen Hamilton in the 2nd quarter valued at $51,325,000. S&CO Inc. acquired a new stake in Booz Allen Hamilton in the 2nd quarter valued at $343,000. Finally, A&I Financial Services LLC increased its holdings in Booz Allen Hamilton by 23.8% in the 2nd quarter. A&I Financial Services LLC now owns 9,351 shares of the business services provider’s stock worth $567,000 after acquiring an additional 1,796 shares in the last quarter. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

Booz Allen Hamilton Trading Up 0.2%

BAH opened at $72.94 on Monday. The company has a debt-to-equity ratio of 3.26, a current ratio of 1.60 and a quick ratio of 1.59. The company’s 50 day simple moving average is $70.29 and its two-hundred day simple moving average is $74.84. Booz Allen Hamilton Holding Corporation has a 1-year low of $59.50 and a 1-year high of $109.10. The firm has a market capitalization of $8.77 billion, a price-to-earnings ratio of 11.47, a price-to-earnings-growth ratio of 3.76 and a beta of 0.36.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings results on Friday, July 24th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.32. The business had revenue of $1.97 billion during the quarter, compared to analyst estimates of $2.81 billion. Booz Allen Hamilton had a return on equity of 76.71% and a net margin of 7.01%.The business’s revenue was down 4.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.48 earnings per share. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.35 EPS. Analysts expect that Booz Allen Hamilton Holding Corporation will post 6.33 EPS for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.36 dividend on an annualized basis and a yield of 3.2%. Booz Allen Hamilton’s payout ratio is 37.11%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on BAH shares. Stifel Nicolaus set a $110.00 price objective on shares of Booz Allen Hamilton and gave the company a “buy” rating in a report on Tuesday, May 26th. TD Cowen reduced their price target on shares of Booz Allen Hamilton from $85.00 to $70.00 and set a “hold” rating for the company in a research report on Tuesday, July 7th. Citigroup decreased their price target on shares of Booz Allen Hamilton from $88.00 to $69.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 1st. Wall Street Zen upgraded Booz Allen Hamilton from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Cantor Fitzgerald reduced their target price on Booz Allen Hamilton from $160.00 to $140.00 and set an “overweight” rating for the company in a report on Thursday, July 23rd. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, Booz Allen Hamilton presently has a consensus rating of “Reduce” and an average price target of $83.69.

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.