Booz Allen Hamilton (NYSE:BAH) Given New $185.00 Price Target at Jefferies Financial Group

Booz Allen Hamilton (NYSE:BAHFree Report) had its price target upped by Jefferies Financial Group from $180.00 to $185.00 in a report issued on Wednesday, Benzinga reports. Jefferies Financial Group currently has a buy rating on the business services provider’s stock.

A number of other brokerages have also recently weighed in on BAH. Stifel Nicolaus boosted 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 report on Tuesday, May 21st. TD Cowen boosted their target price on Booz Allen Hamilton from $158.00 to $177.00 and gave the company a buy rating in a report on Tuesday, May 28th. Truist Financial lifted their price target on Booz Allen Hamilton from $145.00 to $160.00 and gave the stock a hold rating in a research report on Tuesday, May 28th. Wells Fargo & Company increased their price objective on Booz Allen Hamilton from $158.00 to $169.00 and gave the company an equal weight rating in a report on Tuesday, May 28th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Booz Allen Hamilton from $120.00 to $136.00 and gave the company a neutral rating in a report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Booz Allen Hamilton currently has a consensus rating of Hold and a consensus target price of $159.78.

Get Our Latest Stock Report on BAH

Booz Allen Hamilton Trading Up 0.3 %

NYSE:BAH opened at $152.21 on Wednesday. The company has a debt-to-equity ratio of 3.20, a quick ratio of 1.68 and a current ratio of 1.62. Booz Allen Hamilton has a 1 year low of $96.10 and a 1 year high of $164.43. The stock has a market cap of $19.68 billion, a P/E ratio of 33.09, a P/E/G ratio of 1.84 and a beta of 0.53. The stock has a 50-day simple moving average of $148.60 and a 200-day simple moving average of $139.91.

Booz Allen Hamilton (NYSE:BAHGet Free Report) last announced its quarterly earnings results on Friday, May 24th. The business services provider reported $1.33 EPS for the quarter, beating the consensus estimate of $1.23 by $0.10. The company had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.71 billion. Booz Allen Hamilton had a net margin of 5.68% and a return on equity of 68.12%. The firm’s revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.01 earnings per share. As a group, analysts anticipate that Booz Allen Hamilton will post 6.01 earnings per share for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 13th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Thursday, June 13th. Booz Allen Hamilton’s dividend payout ratio is presently 44.35%.

Insider Buying and Selling at Booz Allen Hamilton

In other news, CEO Horacio Rozanski sold 34,571 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $154.15, for a total value of $5,329,119.65. Following the completion of the sale, the chief executive officer now owns 579,025 shares in the company, valued at approximately $89,256,703.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Horacio Rozanski sold 34,571 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $154.15, for a total value of $5,329,119.65. Following the completion of the sale, the chief executive officer now directly owns 579,025 shares of the company’s stock, valued at approximately $89,256,703.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Matthew Calderone sold 1,500 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $146.51, for a total value of $219,765.00. Following the transaction, the chief financial officer now directly owns 25,462 shares in the company, valued at approximately $3,730,437.62. The disclosure for this sale can be found here. In the last three months, insiders have sold 58,749 shares of company stock valued at $9,036,919. 1.76% of the stock is owned by company insiders.

Institutional Trading of Booz Allen Hamilton

Institutional investors have recently added to or reduced their stakes in the stock. VisionPoint Advisory Group LLC lifted its position in shares of Booz Allen Hamilton by 75.6% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 274 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 118 shares during the period. Acadian Asset Management LLC acquired a new position in Booz Allen Hamilton during the third quarter worth $31,000. Banque Cantonale Vaudoise boosted its position in Booz Allen Hamilton by 112.4% during the first quarter. Banque Cantonale Vaudoise now owns 206 shares of the business services provider’s stock worth $31,000 after purchasing an additional 109 shares in the last quarter. Smithfield Trust Co grew its holdings in Booz Allen Hamilton by 87.7% in the fourth quarter. Smithfield Trust Co now owns 259 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 121 shares during the last quarter. Finally, MCF Advisors LLC increased its position in shares of Booz Allen Hamilton by 103.6% in the first quarter. MCF Advisors LLC now owns 226 shares of the business services provider’s stock valued at $34,000 after buying an additional 115 shares in the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

About Booz Allen Hamilton

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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.

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