Booz Allen Hamilton Holding Corporation (NYSE:BAH) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) from a hold rating to a buy rating in a report released on Wednesday, November 8th. The brokerage currently has $42.00 price objective 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 subject of several other research reports. Jefferies Group LLC raised shares of Booz Allen Hamilton Holding Corporation from a hold rating to a buy rating in a report on Tuesday, November 7th. Vertical Research raised shares of Booz Allen Hamilton Holding Corporation from a hold rating to a buy rating and set a $42.00 price target for the company in a report on Tuesday, October 3rd. Wells Fargo & Company upped their price target on shares of Booz Allen Hamilton Holding Corporation from $40.00 to $42.00 and gave the company an outperform rating in a report on Wednesday, October 25th. BidaskClub raised shares of Booz Allen Hamilton Holding Corporation from a buy rating to a strong-buy rating in a report on Thursday, August 24th. Finally, Cowen and Company reissued a buy rating and issued a $41.00 price target on shares of Booz Allen Hamilton Holding Corporation in a report on Monday, August 7th. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $39.72.

Shares of Booz Allen Hamilton Holding Corporation (NYSE BAH) opened at $37.17 on Wednesday. The firm has a market cap of $5,397.96, a PE ratio of 20.12, a P/E/G ratio of 2.29 and a beta of 1.28. Booz Allen Hamilton Holding Corporation has a 1-year low of $31.06 and a 1-year high of $39.67. The company has a debt-to-equity ratio of 3.33, a current ratio of 1.49 and a quick ratio of 1.49.

Booz Allen Hamilton Holding Corporation (NYSE:BAH) last posted its quarterly earnings data on Monday, November 6th. The business services provider reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.02. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.50 billion. Booz Allen Hamilton Holding Corporation had a net margin of 4.52% and a return on equity of 48.30%. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.46 earnings per share. analysts forecast that Booz Allen Hamilton Holding Corporation will post 1.92 EPS for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Tuesday, November 14th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, November 13th. This is a positive change from Booz Allen Hamilton Holding Corporation’s previous quarterly dividend of $0.13. This represents a $0.68 dividend on an annualized basis and a yield of 1.83%. Booz Allen Hamilton Holding Corporation’s dividend payout ratio is currently 37.57%.

In other Booz Allen Hamilton Holding Corporation news, EVP Elizabeth M. Thompson sold 28,000 shares of the company’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $36.69, for a total transaction of $1,027,320.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Karen M. Dahut sold 46,406 shares of the company’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $38.02, for a total transaction of $1,764,356.12. The disclosure for this sale can be found here. Insiders have sold 114,407 shares of company stock valued at $4,209,710 over the last ninety days. Insiders own 3.04% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Ameriprise Financial Inc. increased its holdings in shares of Booz Allen Hamilton Holding Corporation by 92.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,405,492 shares of the business services provider’s stock valued at $110,798,000 after purchasing an additional 1,636,510 shares during the period. TimesSquare Capital Management LLC increased its holdings in shares of Booz Allen Hamilton Holding Corporation by 34.9% in the 2nd quarter. TimesSquare Capital Management LLC now owns 6,148,375 shares of the business services provider’s stock valued at $200,068,000 after purchasing an additional 1,589,920 shares during the period. Citadel Advisors LLC increased its holdings in shares of Booz Allen Hamilton Holding Corporation by 120.4% in the 3rd quarter. Citadel Advisors LLC now owns 2,877,330 shares of the business services provider’s stock valued at $107,583,000 after purchasing an additional 1,571,542 shares during the period. Findlay Park Partners LLP increased its holdings in shares of Booz Allen Hamilton Holding Corporation by 51.7% in the 2nd quarter. Findlay Park Partners LLP now owns 3,700,000 shares of the business services provider’s stock valued at $120,398,000 after purchasing an additional 1,261,292 shares during the period. Finally, Southpoint Capital Advisors LP acquired a new position in shares of Booz Allen Hamilton Holding Corporation in the 2nd quarter valued at about $19,524,000. 95.64% of the stock is owned by institutional investors.

Booz Allen Hamilton Holding Corporation Company Profile

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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