Booz Allen Hamilton (NYSE:BAH) Given Market Perform Rating at Raymond James

Raymond James reissued their market perform rating on shares of Booz Allen Hamilton (NYSE:BAH - Free Report) in a report published on Friday morning, MarketBeat Ratings reports.

Several other analysts have also recently weighed in on BAH. The Goldman Sachs Group reissued a "neutral" rating and set a $109.00 price target (down from $150.00) on shares of Booz Allen Hamilton in a report on Friday, April 11th. UBS Group lifted 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. Truist Financial lowered their price target on Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating for the company in a report on Monday, April 14th. Wells Fargo & Company dropped their price objective on 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. Finally, Cantor Fitzgerald upgraded Booz Allen Hamilton to a "strong-buy" rating in a research report on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $136.90.

Booz Allen Hamilton Price Performance

Shares of NYSE:BAH traded down $4.86 on Friday, hitting $104.95. The stock had a trading volume of 1,824,751 shares, compared to its average volume of 1,613,710. The firm's 50 day moving average price is $115.18 and its 200-day moving average price is $125.37. The company has a market capitalization of $13.29 billion, a price-to-earnings ratio of 15.63, a price-to-earnings-growth ratio of 1.25 and a beta of 0.56. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.57 and a current ratio of 1.57. Booz Allen Hamilton has a twelve month low of $101.05 and a twelve month high of $190.59.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last announced its quarterly earnings results on Friday, May 23rd. The business services provider reported $1.61 earnings per share (EPS) for the quarter, beating 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 quarter in the previous year, the business earned $1.33 EPS. The firm's revenue was up 7.3% on a year-over-year basis. On average, equities research analysts predict that Booz Allen Hamilton will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Wednesday, June 11th will be issued a $0.55 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $2.20 dividend on an annualized basis and a yield of 2.10%. Booz Allen Hamilton's dividend payout ratio (DPR) is presently 32.79%.

Hedge Funds Weigh In On Booz Allen Hamilton

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Booz Allen Hamilton by 1.9% during 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 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 valued at $581,516,000 after purchasing an additional 501,725 shares in the last quarter. 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 in the last quarter. Janus Henderson Group PLC raised its stake in shares of Booz Allen Hamilton by 179.7% during 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 purchasing an additional 1,135,426 shares during the period. Finally, Bessemer Group Inc. increased its position in Booz Allen Hamilton by 15.3% in the first quarter. Bessemer Group Inc. now owns 1,710,181 shares of the business services provider's stock worth $178,853,000 after buying an additional 226,761 shares during the last quarter. 91.82% of the stock is currently owned by institutional investors and hedge funds.

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.