Brokerages Set Booz Allen Hamilton Holding Corporation (NYSE:BAH) Target Price at $136.90

Booz Allen Hamilton Holding Corporation (NYSE:BAH) has been assigned an average recommendation of “Hold” from the eleven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $136.90.

Several analysts have commented on the company. UBS Group raised their price objective on Booz Allen Hamilton from $120.00 to $135.00 and gave the company a “neutral” rating in a report on Monday, May 19th. Wall Street Zen cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Saturday, May 24th. Wells Fargo & Company reduced their price objective on shares of Booz Allen Hamilton from $148.00 to $135.00 and set an “overweight” rating for the company in a research report on Friday, May 23rd. JPMorgan Chase & Co. dropped their target price on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 15th. Finally, The Goldman Sachs Group cut shares of Booz Allen Hamilton from a “neutral” rating to a “sell” rating and cut their target price for the stock from $108.00 to $94.00 in a research note on Wednesday, May 28th.

Institutional Trading of Booz Allen Hamilton

A number of hedge funds have recently bought and sold shares of BAH. GW&K Investment Management LLC grew its position in shares of Booz Allen Hamilton by 0.7% in the fourth quarter. GW&K Investment Management LLC now owns 461,517 shares of the business services provider’s stock valued at $59,397,000 after purchasing an additional 3,435 shares in the last quarter. Versor Investments LP acquired a new position in Booz Allen Hamilton during the fourth quarter worth $933,000. FIL Ltd grew its holdings in Booz Allen Hamilton by 63.3% in the 4th quarter. FIL Ltd now owns 153,343 shares of the business services provider’s stock valued at $19,735,000 after buying an additional 59,440 shares in the last quarter. Bridges Investment Management Inc. grew its holdings in Booz Allen Hamilton by 19.2% in the 4th quarter. Bridges Investment Management Inc. now owns 117,661 shares of the business services provider’s stock valued at $15,143,000 after buying an additional 18,930 shares in the last quarter. Finally, Cumberland Partners Ltd increased its stake in shares of Booz Allen Hamilton by 92.2% in the 4th quarter. Cumberland Partners Ltd now owns 99,330 shares of the business services provider’s stock worth $12,784,000 after acquiring an additional 47,655 shares during the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

Booz Allen Hamilton Price Performance

Shares of BAH opened at $101.99 on Thursday. The company has a market capitalization of $12.67 billion, a P/E ratio of 14.07, a P/E/G ratio of 1.59 and a beta of 0.49. The business’s 50-day moving average is $113.82 and its two-hundred day moving average is $120.00. The company has a debt-to-equity ratio of 3.90, a quick ratio of 1.79 and a current ratio of 1.79. Booz Allen Hamilton has a fifty-two week low of $99.13 and a fifty-two week high of $190.59.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings data on Friday, May 23rd. The business services provider reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.02. The business had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $3.03 billion. Booz Allen Hamilton had a net margin of 7.81% and a return on equity of 72.35%. The business’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the company earned $1.33 EPS. Research analysts predict that Booz Allen Hamilton will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Wednesday, June 11th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $2.20 dividend on an annualized basis and a yield of 2.16%. Booz Allen Hamilton’s payout ratio is presently 30.34%.

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.