Brokerages Set Booz Allen Hamilton Holding Co. (NYSE:BAH) Price Target at $136.90

Booz Allen Hamilton Holding Co. (NYSE:BAH) has earned an average recommendation of “Hold” from the eleven brokerages that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $136.90.

Several equities analysts have issued reports on BAH shares. Raymond James reiterated a “market perform” rating on shares of Booz Allen Hamilton in a research report on Friday, May 23rd. Wells Fargo & Company cut their target price on shares of Booz Allen Hamilton from $148.00 to $135.00 and set an “overweight” rating for the company in a research report on Friday, May 23rd. Cantor Fitzgerald raised Booz Allen Hamilton to a “strong-buy” rating in a research note on Tuesday, February 25th. UBS Group raised their target price on shares of Booz Allen Hamilton from $120.00 to $135.00 and gave the stock a “neutral” rating in a research report on Monday, May 19th. Finally, William Blair cut Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st.

Hedge Funds Weigh In On Booz Allen Hamilton

A number of institutional investors and hedge funds have recently bought and sold shares of BAH. Vanguard Group Inc. boosted its position in Booz Allen Hamilton by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 13,071,741 shares of the business services provider’s stock valued at $1,367,043,000 after buying an additional 237,720 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Booz Allen Hamilton by 12.5% during the fourth quarter. JPMorgan Chase & Co. now owns 4,518,386 shares of the business services provider’s stock valued at $581,516,000 after acquiring an additional 501,725 shares during the period. First Trust Advisors LP grew its position in Booz Allen Hamilton by 15.3% in the 4th quarter. First Trust Advisors LP now owns 2,804,642 shares of the business services provider’s stock worth $360,957,000 after purchasing an additional 371,390 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Booz Allen Hamilton by 179.7% in the 4th quarter. Janus Henderson Group PLC now owns 1,767,129 shares of the business services provider’s stock worth $227,425,000 after buying an additional 1,135,426 shares in the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of Booz Allen Hamilton by 15.3% during the first quarter. Bessemer Group Inc. now owns 1,710,181 shares of the business services provider’s stock valued at $178,853,000 after purchasing an additional 226,761 shares during the period. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Trading Up 1.2%

BAH opened at $103.35 on Thursday. The business’s 50 day moving average is $114.15 and its two-hundred day moving average is $120.76. Booz Allen Hamilton has a 52 week low of $99.13 and a 52 week high of $190.59. The firm has a market cap of $12.84 billion, a price-to-earnings ratio of 15.40, a price-to-earnings-growth ratio of 1.25 and a beta of 0.49. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 2.72.

Booz Allen Hamilton (NYSE:BAH) last announced its earnings results on Friday, May 23rd. The business services provider reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.02. The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $3.03 billion. Booz Allen Hamilton had a return on equity of 68.97% and a net margin of 7.39%. The company’s revenue was up 7.3% on a year-over-year basis. During the same period last year, the business posted $1.33 EPS. On average, research analysts predict that Booz Allen Hamilton will post 6.44 EPS for the current year.

Booz Allen Hamilton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Wednesday, June 11th will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Wednesday, June 11th. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 30.34%.

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.