Sun Sep 15 15:22:54 UTC 2024: ## Institutional Investors Increase Stakes in Booz Allen Hamilton

**New York, NY – September 15, 2024** – Booz Allen Hamilton Holding Co. (NYSE:BAH) has seen significant interest from institutional investors in the second quarter, with several funds increasing their holdings in the business services provider.

Federated Hermes Inc. led the charge, boosting its position by 17.0%, now owning 268,395 shares worth $41,306,000. Other notable increases came from DekaBank Deutsche Girozentrale (20.1%), D Orazio & Associates Inc. (8.4%), American Century Companies Inc. (6.1%), Bahl & Gaynor Inc. (2.4%), and AGF Management Ltd. (63.4%). Overall, institutional investors own 91.82% of the company’s stock.

This bullish sentiment comes despite Booz Allen Hamilton missing analyst expectations for earnings per share in the second quarter, reporting $1.38 compared to an estimated $1.52. The company’s revenue for the quarter reached $2.94 billion, slightly exceeding the predicted $2.92 billion.

Despite the earnings miss, Booz Allen Hamilton remains attractive to investors, potentially due to its strong dividend payout ratio of 44.35%. The company recently announced a quarterly dividend of $0.51 per share, representing a $2.04 annualized dividend and a 1.30% yield.

Research analysts remain mostly positive on BAH, with six assigning a “buy” rating, three recommending a “hold,” and only one issuing a “sell” rating. The average target price for the stock currently stands at $159.33.

Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to government agencies, corporations, and non-profit organizations worldwide. The company focuses on artificial intelligence services, including machine learning, predictive modeling, and quantum computing.

The continued interest from institutional investors suggests a belief in Booz Allen Hamilton’s future prospects despite the recent earnings miss. The company’s strong dividend and focus on growth areas like artificial intelligence may be driving this positive sentiment.

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