Booz Allen Hamilton (NYSE:BAH) Price Target Raised to $196.00

Booz Allen Hamilton (NYSE:BAH) had its price target hoisted by The Goldman Sachs Group from $174.00 to $196.00 in a research note published on Thursday, Benzinga reports. They currently have a buy rating on the business services provider’s stock.

Other equities analysts have also issued research reports about the company. TD Cowen cut their price target on Booz Allen Hamilton from $185.00 to $165.00 and set a buy rating on the stock in a research note on Monday, July 29th. Barclays cut their target price on shares of Booz Allen Hamilton from $153.00 to $142.00 and set an underweight rating on the stock in a research report on Tuesday, July 30th. StockNews.com cut shares of Booz Allen Hamilton from a hold rating to a sell rating in a research report on Wednesday, September 25th. Wells Fargo & Company lifted their price objective on shares of Booz Allen Hamilton from $165.00 to $185.00 and gave the company an overweight rating in a report on Tuesday, October 1st. Finally, Truist Financial upped their target price on Booz Allen Hamilton from $140.00 to $165.00 and gave the stock a hold rating in a report on Thursday, September 5th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Hold and an average target price of $170.75.

Booz Allen Hamilton Stock Up 1.1 %

NYSE:BAH opened at $160.82 on Thursday. The company has a market cap of $20.78 billion, a price-to-earnings ratio of 34.58, a price-to-earnings-growth ratio of 2.33 and a beta of 0.59. Booz Allen Hamilton has a twelve month low of $114.69 and a twelve month high of $164.43. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 3.07. The stock has a fifty day simple moving average of $155.11 and a 200-day simple moving average of $152.21.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings data on Friday, July 26th. The business services provider reported $1.38 earnings per share for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.14). The company had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $2.92 billion. Booz Allen Hamilton had a net margin of 5.57% and a return on equity of 65.80%. Analysts anticipate that Booz Allen Hamilton will post 5.97 EPS for the current year.

Booz Allen Hamilton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.27%. The ex-dividend date was Wednesday, August 14th. Booz Allen Hamilton’s dividend payout ratio is currently 43.87%.

Insider Activity

In related news, Director Melody C. Barnes sold 1,041 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $143.31, for a total transaction of $149,185.71. Following the transaction, the director now directly owns 18,123 shares in the company, valued at $2,597,207.13. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, 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 transaction, the chief financial officer now owns 33,683 shares in the company, valued at $5,389,280. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Melody C. Barnes sold 1,041 shares of Booz Allen Hamilton stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $143.31, for a total transaction of $149,185.71. Following the completion of the sale, the director now owns 18,123 shares of the company’s stock, valued at $2,597,207.13. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.59% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Opal Wealth Advisors LLC purchased a new position in Booz Allen Hamilton in the 2nd quarter worth $26,000. OFI Invest Asset Management purchased a new position in shares of Booz Allen Hamilton in the second quarter worth about $29,000. Banque Cantonale Vaudoise lifted its holdings in shares of Booz Allen Hamilton by 112.4% during the first quarter. Banque Cantonale Vaudoise now owns 206 shares of the business services provider’s stock worth $31,000 after purchasing an additional 109 shares during the period. Innealta Capital LLC purchased a new stake in Booz Allen Hamilton in the second quarter valued at approximately $34,000. Finally, MCF Advisors LLC increased its holdings in Booz Allen Hamilton by 103.6% in the 1st quarter. MCF Advisors LLC now owns 226 shares of the business services provider’s stock worth $34,000 after buying an additional 115 shares during the period. Hedge funds and other institutional investors own 91.82% of the company’s stock.

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.