Booz Allen Hamilton (NYSE:BAH) Shares Down 3.6% – Here’s What Happened

Booz Allen Hamilton Holding Co. (NYSE:BAH) was down 3.6% during trading on Wednesday . The company traded as low as $103.55 and last traded at $103.46. Approximately 488,902 shares changed hands during trading, a decline of 80% from the average daily volume of 2,470,552 shares. The stock had previously closed at $107.36.

Analyst Ratings Changes

BAH has been the topic of several research analyst reports. Cantor Fitzgerald raised shares of Booz Allen Hamilton to a “strong-buy” rating in a research report on Tuesday, February 25th. StockNews.com cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. cut their target price on Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating on the stock in a research report on Monday, February 3rd. Wells Fargo & Company lowered their price target on Booz Allen Hamilton from $180.00 to $164.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. Finally, TD Cowen cut their price objective on Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Booz Allen Hamilton currently has an average rating of “Hold” and a consensus price target of $158.27.

Booz Allen Hamilton Trading Up 7.6 %

The firm has a market capitalization of $14.64 billion, a PE ratio of 17.22, a P/E/G ratio of 1.25 and a beta of 0.56. The firm has a fifty day moving average of $117.03 and a 200 day moving average of $139.54. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.57 and a current ratio of 1.57.

Booz Allen Hamilton (NYSE:BAH) last announced its earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.07. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. Equities research analysts expect that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current year.

Booz Allen Hamilton Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were paid a $0.55 dividend. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.51. The ex-dividend date was Friday, February 14th. This represents a $2.20 annualized dividend and a dividend yield of 1.90%. Booz Allen Hamilton’s payout ratio is 32.79%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BAH. Norges Bank acquired a new position in shares of Booz Allen Hamilton in the 4th quarter valued at approximately $196,578,000. Raymond James Financial Inc. acquired a new stake in Booz Allen Hamilton in the fourth quarter valued at $173,055,000. Janus Henderson Group PLC boosted its stake in Booz Allen Hamilton by 179.7% during the 4th quarter. Janus Henderson Group PLC now owns 1,767,129 shares of the business services provider’s stock valued at $227,425,000 after acquiring an additional 1,135,426 shares during the last quarter. Man Group plc grew its holdings in Booz Allen Hamilton by 2,293.2% during the 4th quarter. Man Group plc now owns 1,128,389 shares of the business services provider’s stock worth $145,224,000 after acquiring an additional 1,081,239 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in Booz Allen Hamilton by 61.4% during the 4th quarter. Bank of America Corp DE now owns 1,552,217 shares of the business services provider’s stock worth $199,770,000 after acquiring an additional 590,655 shares in the last quarter. Hedge funds and other institutional investors 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.