Barclays Issues Pessimistic Forecast for Booz Allen Hamilton (NYSE:BAH) Stock Price

Booz Allen Hamilton (NYSE:BAH - Free Report) had its price target trimmed by Barclays from $140.00 to $120.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an equal weight rating on the business services provider's stock.

Several other equities research analysts have also commented on BAH. JPMorgan Chase & Co. decreased their price objective on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating for the company in a research note on Tuesday, April 15th. UBS Group increased their price objective on shares of Booz Allen Hamilton from $120.00 to $135.00 and gave the company a "neutral" rating in a research note on Monday, May 19th. Raymond James reiterated a "market perform" rating on shares of Booz Allen Hamilton in a research note on Friday, May 23rd. Cantor Fitzgerald upgraded shares of Booz Allen Hamilton to a "strong-buy" rating in a research note on Tuesday, February 25th. Finally, Wells Fargo & Company decreased their price objective on shares of Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating for the company in a research note on Friday, May 23rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $136.90.

Booz Allen Hamilton Stock Up 0.3%

Shares of BAH traded up $0.37 on Wednesday, reaching $106.09. The company's stock had a trading volume of 2,370,418 shares, compared to its average volume of 1,635,131. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.72. Booz Allen Hamilton has a twelve month low of $101.05 and a twelve month high of $190.59. The stock has a market capitalization of $13.18 billion, a PE ratio of 15.81, a PEG ratio of 1.25 and a beta of 0.56. The firm has a fifty day moving average of $115.19 and a 200-day moving average of $124.18.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its earnings results on Friday, May 23rd. The business services provider reported $1.61 earnings per share for the quarter, topping analysts' consensus estimates of $1.59 by $0.02. The company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $3.03 billion. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. The firm's revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.33 EPS. Equities 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. Stockholders of record on Wednesday, June 11th will be given a dividend of $0.55 per share. The ex-dividend date is Wednesday, June 11th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.07%. Booz Allen Hamilton's payout ratio is currently 30.34%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake 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 worth $1,367,043,000 after purchasing an additional 237,720 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Booz Allen Hamilton by 12.5% in the fourth quarter. JPMorgan Chase & Co. now owns 4,518,386 shares of the business services provider's stock worth $581,516,000 after buying an additional 501,725 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Booz Allen Hamilton by 15.3% during the fourth quarter. First Trust Advisors LP now owns 2,804,642 shares of the business services provider's stock worth $360,957,000 after acquiring an additional 371,390 shares during the last quarter. Janus Henderson Group PLC grew its stake in Booz Allen Hamilton by 179.7% during the fourth quarter. Janus Henderson Group PLC now owns 1,767,129 shares of the business services provider's stock valued at $227,425,000 after acquiring an additional 1,135,426 shares in the last quarter. Finally, Bessemer Group Inc. increased its holdings in Booz Allen Hamilton by 15.3% in the 1st quarter. Bessemer Group Inc. now owns 1,710,181 shares of the business services provider's stock valued at $178,853,000 after acquiring an additional 226,761 shares during the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.

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.