Zacks Investment Research upgraded shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) from a hold rating to a buy rating in a research report sent to investors on Wednesday, November 8th. Zacks Investment Research currently has $42.00 price target on the business services provider’s stock.
According to Zacks, “Booz Allen Hamilton Inc. is engaged in providing management and technology consulting services to the U.S. government in the defense, intelligence and civil markets. Technological services offered by the Company include Cyber technologies, SE&I, Systems development and Strategic technology and innovation. Its major clients include the Department of Defense, all branches of the U.S. military, the U.S. Intelligence Community, and civil agencies such as the Department of Homeland Security, the Department of Energy, the Department of Health and Human Services, the Department of the Treasury and the Environmental Protection Agency. Booz Allen Hamilton Inc. is headquartered in McLean, Virginia, the United States of America. “
BAH has been the topic of a number of other reports. Cowen Inc restated a buy rating and issued a $41.00 price target on shares of Booz Allen Hamilton in a research note on Monday, August 7th. ValuEngine cut Booz Allen Hamilton from a buy rating to a hold rating in a report on Saturday, November 4th. Jefferies Group LLC reaffirmed a hold rating and set a $36.00 price objective on shares of Booz Allen Hamilton in a report on Thursday, September 21st. BidaskClub cut Booz Allen Hamilton from a buy rating to a hold rating in a report on Thursday, August 10th. Finally, Wells Fargo & Company lifted their price objective on Booz Allen Hamilton from $40.00 to $42.00 and gave the stock an outperform rating in a report on Wednesday, October 25th. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $40.35.
Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings results on Monday, November 6th. The business services provider reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02. Booz Allen Hamilton had a return on equity of 49.64% and a net margin of 4.60%. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the business earned $0.46 earnings per share. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. research analysts expect that Booz Allen Hamilton will post 1.91 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Tuesday, November 14th will be paid a $0.17 dividend. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.13. This represents a $0.68 annualized dividend and a yield of 1.82%. The ex-dividend date is Monday, November 13th. Booz Allen Hamilton’s dividend payout ratio is presently 37.78%.
In other Booz Allen Hamilton news, insider Horacio Rozanski sold 30,000 shares of the business’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $36.01, for a total transaction of $1,080,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Karen M. Dahut sold 46,406 shares of the business’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $38.02, for a total value of $1,764,356.12. The disclosure for this sale can be found here. Insiders sold 104,407 shares of company stock valued at $3,872,010 over the last quarter. Insiders own 3.04% of the company’s stock.
A number of hedge funds have recently bought and sold shares of BAH. Ameriprise Financial Inc. grew its position in Booz Allen Hamilton by 92.5% during the second quarter. Ameriprise Financial Inc. now owns 3,405,492 shares of the business services provider’s stock valued at $110,798,000 after acquiring an additional 1,636,510 shares during the period. TimesSquare Capital Management LLC boosted its position in shares of Booz Allen Hamilton by 34.9% in the second quarter. TimesSquare Capital Management LLC now owns 6,148,375 shares of the business services provider’s stock worth $200,068,000 after buying an additional 1,589,920 shares during the period. Citadel Advisors LLC boosted its position in shares of Booz Allen Hamilton by 120.4% in the third quarter. Citadel Advisors LLC now owns 2,877,330 shares of the business services provider’s stock worth $107,583,000 after buying an additional 1,571,542 shares during the period. Findlay Park Partners LLP boosted its position in shares of Booz Allen Hamilton by 51.7% in the second quarter. Findlay Park Partners LLP now owns 3,700,000 shares of the business services provider’s stock worth $120,398,000 after buying an additional 1,261,292 shares during the period. Finally, Southpoint Capital Advisors LP purchased a new stake in shares of Booz Allen Hamilton in the second quarter worth about $19,524,000. 95.64% of the stock is owned by hedge funds and other institutional investors.
About Booz Allen Hamilton
Booz Allen Hamilton Holding Corporation is a holding company. The Company is a provider of management and technology, consulting and engineering services to the United States and international governments, corporations and not-for-profit organizations. The Company’s client base includes government, commercial and international clients.
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