Wells Fargo & Company Cuts Booz Allen Hamilton (NYSE:BAH) Price Target to $164.00

Booz Allen Hamilton (NYSE:BAH - Free Report) had its target price reduced by Wells Fargo & Company from $180.00 to $164.00 in a report issued on Wednesday morning,Benzinga reports. They currently have an overweight rating on the business services provider's stock.

A number of other equities analysts also recently commented on the stock. UBS Group assumed coverage on shares of Booz Allen Hamilton in a research note on Monday, December 2nd. They set a "neutral" rating and a $159.00 target price for the company. TD Cowen reduced their target price on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a "buy" rating for the company in a report on Wednesday, January 8th. Cantor Fitzgerald raised shares of Booz Allen Hamilton to a "strong-buy" rating in a report on Tuesday, February 25th. Jefferies Financial Group cut shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating and increased their price target for the stock from $180.00 to $190.00 in a report on Monday, November 4th. Finally, The Goldman Sachs Group cut their price target on shares of Booz Allen Hamilton from $210.00 to $158.00 and set a "buy" rating for the company in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $158.27.

Booz Allen Hamilton Trading Down 4.5 %

NYSE BAH traded down $4.98 on Wednesday, reaching $106.06. The stock had a trading volume of 5,222,783 shares, compared to its average volume of 2,291,832. The firm has a market capitalization of $13.43 billion, a price-to-earnings ratio of 15.81, a P/E/G ratio of 1.25 and a beta of 0.55. 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 has a 12-month low of $104.05 and a 12-month high of $190.59. The stock has a fifty day moving average price of $127.31 and a two-hundred day moving average price of $146.54.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 EPS for the quarter, topping the consensus estimate of $1.48 by $0.07. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. As a group, sell-side analysts forecast that Booz Allen Hamilton will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th will be given a $0.55 dividend. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from Booz Allen Hamilton's previous quarterly dividend of $0.51. This represents a $2.20 annualized dividend and a dividend yield of 2.07%. Booz Allen Hamilton's dividend payout ratio is currently 32.79%.

Institutional Trading of Booz Allen Hamilton

A number of hedge funds have recently bought and sold shares of BAH. Bogart Wealth LLC boosted its position in Booz Allen Hamilton by 387.5% during the fourth quarter. Bogart Wealth LLC now owns 195 shares of the business services provider's stock worth $25,000 after acquiring an additional 155 shares during the last quarter. OFI Invest Asset Management acquired a new stake in Booz Allen Hamilton during the fourth quarter worth approximately $25,000. EverSource Wealth Advisors LLC boosted its position in Booz Allen Hamilton by 144.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider's stock worth $29,000 after acquiring an additional 134 shares during the last quarter. Peterson Financial Group Inc. acquired a new stake in Booz Allen Hamilton during the third quarter worth approximately $31,000. Finally, R Squared Ltd acquired a new stake in Booz Allen Hamilton during the fourth quarter worth approximately $31,000. Institutional investors and hedge funds own 91.82% of the company's stock.

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.