Booz Allen Hamilton (NYSE:BAH) Given New $164.00 Price Target at Wells Fargo & Company

Booz Allen Hamilton (NYSE:BAH) had its price target cut by Wells Fargo & Company from $180.00 to $164.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have an overweight rating on the business services provider’s stock.

A number of other analysts have also commented on BAH. The Goldman Sachs Group cut their price target on Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Barclays raised shares of Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 target price on the stock in a report on Monday, January 6th. Cantor Fitzgerald raised shares of Booz Allen Hamilton to a “strong-buy” rating in a research note on Tuesday. Jefferies Financial Group downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating and lifted their target price for the stock from $180.00 to $190.00 in a report on Monday, November 4th. Finally, UBS Group began coverage on shares of Booz Allen Hamilton in a research report on Monday, December 2nd. They set a “neutral” rating and a $159.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $158.27.

Booz Allen Hamilton Stock Down 1.1 %

Shares of NYSE BAH opened at $113.37 on Wednesday. The stock has a 50-day moving average price of $128.17 and a two-hundred day moving average price of $147.07. Booz Allen Hamilton has a 12 month low of $106.69 and a 12 month high of $190.59. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.72. The company has a market cap of $14.36 billion, a price-to-earnings ratio of 16.90, a PEG ratio of 1.25 and a beta of 0.55.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings data on Friday, January 31st. The business services provider reported $1.55 EPS 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%. As a group, analysts forecast that Booz Allen Hamilton will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date is Friday, February 14th. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.51. Booz Allen Hamilton’s payout ratio is 32.79%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Bogart Wealth LLC lifted its position in Booz Allen Hamilton by 387.5% in the 4th quarter. Bogart Wealth LLC now owns 195 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 155 shares in the last quarter. OFI Invest Asset Management bought a new position in shares of Booz Allen Hamilton in the fourth quarter valued at approximately $25,000. EverSource Wealth Advisors LLC boosted its position in shares of Booz Allen Hamilton by 144.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider’s stock valued at $29,000 after buying an additional 134 shares during the last quarter. Peterson Financial Group Inc. bought a new stake in Booz Allen Hamilton during the third quarter worth $31,000. Finally, R Squared Ltd purchased a new stake in Booz Allen Hamilton in the 4th quarter valued at $31,000. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Booz Allen Hamilton Company Profile

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.