Booz Allen Hamilton (NYSE:BAH) PT Raised to $185.00

Booz Allen Hamilton (NYSE:BAH) had its price objective raised by Wells Fargo & Company from $165.00 to $185.00 in a research note released on Tuesday morning, Benzinga reports. They currently have an overweight rating on the business services provider’s stock.

Several other research analysts have also weighed in on BAH. Barclays cut their price objective on shares of Booz Allen Hamilton from $153.00 to $142.00 and set an underweight rating on the stock in a report on Tuesday, July 30th. JPMorgan Chase & Co. lifted their price target on shares of Booz Allen Hamilton from $136.00 to $154.00 and gave the company a neutral rating in a report on Wednesday, July 10th. Truist Financial upped their price objective on Booz Allen Hamilton from $140.00 to $165.00 and gave the stock a hold rating in a report on Thursday, September 5th. TD Cowen reduced their target price on Booz Allen Hamilton from $185.00 to $165.00 and set a buy rating on the stock in a report on Monday, July 29th. Finally, StockNews.com lowered Booz Allen Hamilton from a hold rating to a sell rating in a research note on Wednesday, September 25th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $166.00.

Booz Allen Hamilton Stock Down 0.2 %

Shares of NYSE BAH opened at $160.96 on Tuesday. The firm has a market cap of $20.82 billion, a P/E ratio of 34.99, a price-to-earnings-growth ratio of 2.30 and a beta of 0.59. The company has a debt-to-equity ratio of 3.07, a quick ratio of 1.55 and a current ratio of 1.55. Booz Allen Hamilton has a 1 year low of $114.43 and a 1 year high of $164.43. The firm’s 50 day moving average price is $152.73 and its 200 day moving average price is $151.52.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings data on Friday, July 26th. The business services provider reported $1.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.14). The business had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.92 billion. Booz Allen Hamilton had a return on equity of 65.80% and a net margin of 5.57%. As a group, sell-side analysts anticipate that Booz Allen Hamilton will post 5.96 earnings per share for the current year.

Booz Allen Hamilton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend was Wednesday, August 14th. Booz Allen Hamilton’s payout ratio is 44.35%.

Insider Activity

In other Booz Allen Hamilton news, CFO Matthew Calderone sold 3,865 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $160.00, for a total value of $618,400.00. Following the completion of the transaction, the chief financial officer now owns 33,683 shares in the company, valued at approximately $5,389,280. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Melody C. Barnes sold 1,041 shares of Booz Allen Hamilton stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $143.31, for a total transaction of $149,185.71. Following the sale, the director now owns 18,123 shares of the company’s stock, valued at approximately $2,597,207.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Matthew Calderone sold 3,865 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $160.00, for a total transaction of $618,400.00. Following the completion of the transaction, the chief financial officer now directly owns 33,683 shares of the company’s stock, valued at $5,389,280. The disclosure for this sale can be found here. Insiders own 1.59% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BAH. Price T Rowe Associates Inc. MD increased its holdings in Booz Allen Hamilton by 2.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,406,880 shares of the business services provider’s stock worth $1,544,798,000 after purchasing an additional 222,884 shares during the last quarter. AGF Management Ltd. grew its position in shares of Booz Allen Hamilton by 63.4% during the second quarter. AGF Management Ltd. now owns 1,750,610 shares of the business services provider’s stock worth $269,419,000 after buying an additional 679,280 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Booz Allen Hamilton by 6.1% in the second quarter. American Century Companies Inc. now owns 1,672,961 shares of the business services provider’s stock worth $257,469,000 after buying an additional 96,553 shares during the last quarter. Bessemer Group Inc. raised its holdings in Booz Allen Hamilton by 1.9% in the first quarter. Bessemer Group Inc. now owns 1,178,784 shares of the business services provider’s stock valued at $174,978,000 after acquiring an additional 22,545 shares in the last quarter. Finally, Captrust Financial Advisors boosted its stake in Booz Allen Hamilton by 29.4% during the 1st quarter. Captrust Financial Advisors now owns 1,076,130 shares of the business services provider’s stock valued at $159,741,000 after acquiring an additional 244,391 shares during the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

About Booz Allen Hamilton

Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to governments, corporations, and not-for-profit organizations in the United States and internationally. It focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.