Booz Allen Hamilton (NYSE:BAH – Free Report) had its price objective raised by JPMorgan Chase & Co. from $120.00 to $136.00 in a report released on Tuesday morning, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the business services provider’s stock.
Other equities research analysts have also issued reports about the stock. The Goldman Sachs Group lifted their price target on shares of Booz Allen Hamilton from $141.00 to $158.00 and gave the stock a buy rating in a research note on Monday, January 29th. Truist Financial lifted their price objective on shares of Booz Allen Hamilton from $120.00 to $145.00 and gave the company a hold rating in a research note on Monday, January 29th. Barclays lowered shares of Booz Allen Hamilton from an equal weight rating to an underweight rating in a research note on Friday, January 5th. Stifel Nicolaus lifted their price objective on shares of Booz Allen Hamilton from $127.00 to $140.00 and gave the company a buy rating in a research note on Thursday, October 12th. Finally, Wells Fargo & Company lifted their target price on shares of Booz Allen Hamilton from $138.00 to $158.00 and gave the company an equal weight rating in a report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $139.56.
Booz Allen Hamilton Price Performance
Booz Allen Hamilton (NYSE:BAH – Get Free Report) last announced its quarterly earnings data on Friday, January 26th. The business services provider reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.28. Booz Allen Hamilton had a net margin of 3.96% and a return on equity of 65.31%. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same period last year, the business earned $1.07 EPS. The company’s revenue was up 12.9% on a year-over-year basis. Equities analysts forecast that Booz Allen Hamilton will post 5.41 EPS for the current fiscal year.
Booz Allen Hamilton Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Monday, February 12th will be given a $0.51 dividend. The ex-dividend date is Friday, February 9th. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.47. This represents a $2.04 annualized dividend and a dividend yield of 1.39%. Booz Allen Hamilton’s dividend payout ratio is currently 60.65%.
Insider Buying and Selling
In related news, COO Kristine Anderson sold 5,068 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $139.88, for a total transaction of $708,911.84. Following the sale, the chief operating officer now owns 71,656 shares in the company, valued at $10,023,241.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.76% of the stock is owned by company insiders.
Hedge Funds Weigh In On Booz Allen Hamilton
A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in Booz Allen Hamilton by 1.5% during the second quarter. BlackRock Inc. now owns 9,863,385 shares of the business services provider’s stock worth $1,100,754,000 after purchasing an additional 146,891 shares during the period. Morgan Stanley raised its stake in Booz Allen Hamilton by 312.6% during the fourth quarter. Morgan Stanley now owns 5,079,195 shares of the business services provider’s stock worth $530,878,000 after purchasing an additional 3,848,242 shares during the period. Ameriprise Financial Inc. raised its stake in Booz Allen Hamilton by 19.3% during the third quarter. Ameriprise Financial Inc. now owns 4,546,664 shares of the business services provider’s stock worth $497,084,000 after purchasing an additional 736,404 shares during the period. WCM Investment Management LLC raised its stake in Booz Allen Hamilton by 0.9% during the fourth quarter. WCM Investment Management LLC now owns 4,229,460 shares of the business services provider’s stock worth $537,776,000 after purchasing an additional 39,528 shares during the period. Finally, State Street Corp raised its stake in Booz Allen Hamilton by 4.0% during the first quarter. State Street Corp now owns 2,997,648 shares of the business services provider’s stock worth $277,852,000 after purchasing an additional 115,861 shares during the period. Hedge funds and other institutional investors own 90.32% 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 also focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.
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