Booz Allen Hamilton (NYSE:BAH) Upgraded to Overweight by Wells Fargo & Company

Wells Fargo & Company upgraded shares of Booz Allen Hamilton (NYSE:BAH) from an equal weight rating to an overweight rating in a research report released on Monday morning, MarketBeat reports. Wells Fargo & Company currently has $165.00 target price on the business services provider’s stock, down from their previous target price of $168.00.

A number of other research analysts have also weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Booz Allen Hamilton from $136.00 to $154.00 and gave the company a neutral rating in a research note on Wednesday, July 10th. Stifel Nicolaus lifted their price target on shares of Booz Allen Hamilton from $155.00 to $170.00 and gave the company a buy rating in a research note on Tuesday, May 21st. Truist Financial lifted their price target on shares of Booz Allen Hamilton from $145.00 to $160.00 and gave the company a hold rating in a research note on Tuesday, May 28th. Barclays lifted their price target on shares of Booz Allen Hamilton from $135.00 to $153.00 and gave the company an underweight rating in a research note on Wednesday, May 29th. Finally, TD Cowen lifted their price target on shares of Booz Allen Hamilton from $158.00 to $177.00 and gave the company a buy rating in a research note on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $156.56.

Booz Allen Hamilton Stock Down 0.3 %

Shares of NYSE:BAH opened at $142.85 on Monday. Booz Allen Hamilton has a one year low of $106.90 and a one year high of $164.43. The company has a 50 day moving average of $153.39 and a 200-day moving average of $147.91. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.55 and a quick ratio of 1.62. The stock has a market cap of $18.45 billion, a price-to-earnings ratio of 30.72, a P/E/G ratio of 2.00 and a beta of 0.57.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings data on Friday, May 24th. The business services provider reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.10. Booz Allen Hamilton had a net margin of 5.57% and a return on equity of 65.80%. The business had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same quarter last year, the firm earned $1.01 EPS. Booz Allen Hamilton’s quarterly revenue was up 13.9% compared to the same quarter last year. On average, sell-side analysts forecast that Booz Allen Hamilton will post 5.96 earnings per share for the current year.

Booz Allen Hamilton Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th will be issued a $0.51 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.43%. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 44.35%.

Insider Buying and Selling

In related news, EVP Richard Crowe sold 1,006 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $151.96, for a total transaction of $152,871.76. Following the transaction, the executive vice president now directly owns 29,739 shares in the company, valued at $4,519,138.44. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, EVP Richard Crowe sold 1,006 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $151.96, for a total transaction of $152,871.76. Following the transaction, the executive vice president now directly owns 29,739 shares in the company, valued at $4,519,138.44. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Susan L. Penfield sold 18,522 shares of the business’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $153.73, for a total transaction of $2,847,387.06. Following the transaction, the executive vice president now owns 33,788 shares in the company, valued at $5,194,229.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 58,255 shares of company stock worth $8,970,026. Insiders own 1.59% of the company’s stock.

Hedge Funds Weigh In On Booz Allen Hamilton

Institutional investors and hedge funds have recently modified their holdings of the stock. Gladius Capital Management LP acquired a new position in shares of Booz Allen Hamilton in the fourth quarter valued at $1,037,000. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Booz Allen Hamilton by 6.8% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 295,447 shares of the business services provider’s stock valued at $43,856,000 after purchasing an additional 18,815 shares during the last quarter. Mediolanum International Funds Ltd acquired a new position in shares of Booz Allen Hamilton in the first quarter valued at $2,044,000. BNP Paribas Financial Markets boosted its position in shares of Booz Allen Hamilton by 33.6% in the fourth quarter. BNP Paribas Financial Markets now owns 77,191 shares of the business services provider’s stock valued at $9,874,000 after acquiring an additional 19,432 shares during the period. Finally, Sei Investments Co. boosted its position in shares of Booz Allen Hamilton by 47.4% in the first quarter. Sei Investments Co. now owns 168,377 shares of the business services provider’s stock valued at $24,995,000 after acquiring an additional 54,180 shares during the period. 91.82% of the stock is currently owned by institutional investors and hedge funds.

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 also focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.