Booz Allen Hamilton (NYSE:BAH) Rating Lowered to Sell at The Goldman Sachs Group

The Goldman Sachs Group cut shares of Booz Allen Hamilton (NYSE:BAH - Free Report) from a neutral rating to a sell rating in a research report report published on Wednesday morning, Marketbeat.com reports. The Goldman Sachs Group currently has $94.00 price objective on the business services provider's stock, down from their prior price objective of $108.00.

Several other research analysts have also commented on the company. William Blair lowered Booz Allen Hamilton from an "outperform" rating to a "market perform" rating in a research report on Friday, February 21st. Cantor Fitzgerald raised Booz Allen Hamilton to a "strong-buy" rating in a research report on Tuesday, February 25th. Raymond James reissued a "market perform" rating on shares of Booz Allen Hamilton in a research report on Friday, May 23rd. Wells Fargo & Company cut their price objective on Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating on the stock in a research report on Friday, May 23rd. Finally, Wall Street Zen lowered Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $136.90.

Booz Allen Hamilton Trading Up 0.3%

Shares of BAH traded up $0.37 during trading hours on Wednesday, hitting $106.09. The stock had a trading volume of 2,370,418 shares, compared to its average volume of 1,635,131. 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 firm has a market cap of $13.18 billion, a P/E ratio of 15.81, a P/E/G ratio of 1.25 and a beta of 0.56. The company's fifty day simple moving average is $115.19 and its 200 day simple moving average is $124.18. Booz Allen Hamilton has a 12-month low of $101.05 and a 12-month high of $190.59.

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

Booz Allen Hamilton Dividend Announcement

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 given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date is Wednesday, June 11th. Booz Allen Hamilton's payout ratio is 30.34%.

Hedge Funds Weigh In On Booz Allen Hamilton

Hedge funds have recently bought and sold shares of the company. Bogart Wealth LLC grew its stake in Booz Allen Hamilton by 387.5% in the fourth quarter. Bogart Wealth LLC now owns 195 shares of the business services provider's stock worth $25,000 after purchasing an additional 155 shares in the last quarter. OFI Invest Asset Management acquired a new position in Booz Allen Hamilton in the fourth quarter worth about $25,000. EverSource Wealth Advisors LLC grew its stake in Booz Allen Hamilton by 144.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider's stock worth $29,000 after purchasing an additional 134 shares in the last quarter. SRS Capital Advisors Inc. grew its stake in Booz Allen Hamilton by 3,314.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider's stock worth $31,000 after purchasing an additional 232 shares in the last quarter. Finally, R Squared Ltd acquired a new position in Booz Allen Hamilton in the fourth quarter worth about $31,000. 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.