Booz Allen Hamilton (NYSE:BAH) Shares Gap Down - Time to Sell?

Booz Allen Hamilton Holding Co. (NYSE:BAH - Get Free Report)'s share price gapped down before the market opened on Friday . The stock had previously closed at $129.13, but opened at $106.80. Booz Allen Hamilton shares last traded at $110.65, with a volume of 2,897,800 shares changing hands.

Analyst Ratings Changes

A number of research analysts have recently weighed in on BAH shares. The Goldman Sachs Group lowered Booz Allen Hamilton from a "neutral" rating to a "sell" rating and cut their price objective for the company from $108.00 to $94.00 in a research report on Wednesday. Barclays cut their price target on Booz Allen Hamilton from $140.00 to $120.00 and set an "equal weight" rating for the company in a report on Wednesday. Cantor Fitzgerald upgraded Booz Allen Hamilton to a "strong-buy" rating in a report 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 company a "neutral" rating in a report on Monday, May 19th. Finally, Wall Street Zen lowered shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a report on Saturday. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $136.90.

Booz Allen Hamilton Trading Down 4.9%

The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.57 and a current ratio of 1.57. The stock has a fifty day moving average price of $115.18 and a 200 day moving average price of $125.37. The stock has a market cap of $13.23 billion, a PE ratio of 15.57, a PEG ratio of 1.25 and a beta of 0.56.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its quarterly earnings data on Friday, May 23rd. The business services provider reported $1.61 EPS for the quarter, topping the consensus estimate of $1.59 by $0.02. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. The company had revenue of $2.97 billion during the quarter, compared to analyst estimates of $3.03 billion. During the same period in the previous year, the firm earned $1.33 earnings per share. Booz Allen Hamilton's quarterly revenue was up 7.3% compared to the same quarter last year. Equities analysts expect that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current year.

Booz Allen Hamilton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Wednesday, June 11th will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.11%. Booz Allen Hamilton's dividend payout ratio is 32.79%.

Hedge Funds Weigh In On Booz Allen Hamilton

A number of large investors have recently bought and sold shares of the business. Strs Ohio purchased a new stake in shares of Booz Allen Hamilton during the first quarter valued at $12,811,000. Geneos Wealth Management Inc. lifted its position in shares of Booz Allen Hamilton by 44.0% during the first quarter. Geneos Wealth Management Inc. now owns 9,809 shares of the business services provider's stock valued at $1,026,000 after buying an additional 2,995 shares during the last quarter. Focus Partners Wealth lifted its position in Booz Allen Hamilton by 20.1% during the first quarter. Focus Partners Wealth now owns 52,240 shares of the business services provider's stock valued at $5,463,000 after acquiring an additional 8,746 shares during the last quarter. Ransom Advisory Ltd purchased a new stake in shares of Booz Allen Hamilton during the 1st quarter valued at $35,000. Finally, Plato Investment Management Ltd raised its position in shares of Booz Allen Hamilton by 62.6% in the 1st quarter. Plato Investment Management Ltd now owns 9,980 shares of the business services provider's stock valued at $1,055,000 after purchasing an additional 3,843 shares during the last quarter. Hedge funds and other institutional investors 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.