Booz Allen Hamilton (NYSE:BAH) Downgraded by Jefferies Financial Group to Hold

Jefferies Financial Group cut shares of Booz Allen Hamilton (NYSE:BAH) from a buy rating to a hold rating in a report released on Monday, MarketBeat.com reports. They currently have $190.00 price objective on the business services provider’s stock, up from their previous price objective of $180.00.

Other equities analysts have also issued research reports about the company. TD Cowen decreased their target price on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Monday, July 29th. JPMorgan Chase & Co. lowered shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and lifted their price target for the stock from $154.00 to $158.00 in a research note on Wednesday, October 2nd. StockNews.com upgraded Booz Allen Hamilton from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Barclays increased their price objective on shares of Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. Finally, Truist Financial boosted their target price on shares of Booz Allen Hamilton from $165.00 to $185.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Booz Allen Hamilton has an average rating of “Hold” and a consensus price target of $180.63.

Booz Allen Hamilton Stock Performance

Shares of BAH opened at $182.62 on Monday. Booz Allen Hamilton has a 12 month low of $122.59 and a 12 month high of $189.13. The business’s fifty day simple moving average is $162.49 and its two-hundred day simple moving average is $155.29. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 2.76. The company has a market cap of $23.33 billion, a price-to-earnings ratio of 28.67, a P/E/G ratio of 2.48 and a beta of 0.58.

Booz Allen Hamilton Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th will be given a dividend of $0.51 per share. The ex-dividend date is Friday, November 15th. This represents a $2.04 annualized dividend and a dividend yield of 1.12%. Booz Allen Hamilton’s payout ratio is 32.03%.

Insider Activity at Booz Allen Hamilton

In other Booz Allen Hamilton news, EVP Richard Crowe sold 4,243 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $165.00, for a total transaction of $700,095.00. Following the sale, the executive vice president now directly owns 25,496 shares of the company’s stock, valued at $4,206,840. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Booz Allen Hamilton news, EVP Richard Crowe sold 4,243 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $165.00, for a total value of $700,095.00. Following the completion of the transaction, the executive vice president now directly owns 25,496 shares in the company, valued at $4,206,840. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Matthew Calderone sold 4,065 shares of Booz Allen Hamilton stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total transaction of $670,725.00. Following the sale, the chief financial officer now owns 29,618 shares in the company, valued at approximately $4,886,970. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,173 shares of company stock worth $1,989,220. 1.59% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Opal Wealth Advisors LLC purchased a new stake in shares of Booz Allen Hamilton in the second quarter worth about $26,000. OFI Invest Asset Management bought a new stake in shares of Booz Allen Hamilton in the 2nd quarter worth about $29,000. Innealta Capital LLC bought a new position in shares of Booz Allen Hamilton in the 2nd quarter valued at about $34,000. Crewe Advisors LLC bought a new stake in Booz Allen Hamilton during the first quarter worth approximately $35,000. Finally, Gilliland Jeter Wealth Management LLC purchased a new stake in Booz Allen Hamilton during the third quarter valued at approximately $45,000. 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.