Zacks Investment Research upgraded shares of Booz Allen Hamilton Holding Corp. (NYSE:BAH) from a hold rating to a buy rating in a report released on Monday morning. Zacks Investment Research currently has $34.00 target price on the stock.

According to Zacks, “Booz Allen Hamilton Inc. is engaged in providing management and technology consulting services to the U.S. government in the defense, intelligence and civil markets. Technological services offered by the Company include Cyber technologies, SE&I, Systems development and Strategic technology and innovation. Its major clients include the Department of Defense, all branches of the U.S. military, the U.S. Intelligence Community, and civil agencies such as the Department of Homeland Security, the Department of Energy, the Department of Health and Human Services, the Department of the Treasury and the Environmental Protection Agency. Booz Allen Hamilton Inc. is headquartered in McLean, Virginia, the United States of America. “

A number of other brokerages have also issued reports on BAH. Barclays PLC reiterated an overweight rating and set a $32.00 target price on shares of Booz Allen Hamilton Holding Corp. in a research report on Sunday, July 31st. Jefferies Group upped their target price on shares of Booz Allen Hamilton Holding Corp. from $35.00 to $37.00 and gave the stock a buy rating in a research report on Monday, August 1st. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Booz Allen Hamilton Holding Corp. presently has a consensus rating of Buy and an average target price of $33.84.

Booz Allen Hamilton Holding Corp. (NYSE:BAH) opened at 30.89 on Monday. The company has a 50-day moving average of $30.28 and a 200-day moving average of $29.42. Booz Allen Hamilton Holding Corp. has a 1-year low of $25.03 and a 1-year high of $31.50. The firm has a market cap of $4.59 billion, a price-to-earnings ratio of 15.73 and a beta of 0.97.

Booz Allen Hamilton Holding Corp. (NYSE:BAH) last announced its earnings results on Wednesday, July 27th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.02. Booz Allen Hamilton Holding Corp. had a net margin of 5.43% and a return on equity of 65.77%. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period in the prior year, the business earned $0.44 earnings per share. Booz Allen Hamilton Holding Corp.’s quarterly revenue was up 5.3% on a year-over-year basis. Analysts predict that Booz Allen Hamilton Holding Corp. will post $1.73 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Wednesday, August 10th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.94%. The ex-dividend date was Monday, August 8th. Booz Allen Hamilton Holding Corp.’s payout ratio is presently 30.61%.

In other Booz Allen Hamilton Holding Corp. news, insider Joseph Logue sold 16,223 shares of the company’s stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $31.50, for a total value of $511,024.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.76% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of BAH. Artemis Investment Management LLP increased its stake in shares of Booz Allen Hamilton Holding Corp. by 97.9% in the second quarter. Artemis Investment Management LLP now owns 4,045,808 shares of the company’s stock valued at $119,898,000 after buying an additional 2,001,570 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Booz Allen Hamilton Holding Corp. by 13.7% in the second quarter. Vanguard Group Inc. now owns 11,868,692 shares of the company’s stock valued at $351,787,000 after buying an additional 1,432,859 shares in the last quarter. William Blair Investment Management LLC increased its stake in shares of Booz Allen Hamilton Holding Corp. by 18.7% in the second quarter. William Blair Investment Management LLC now owns 7,741,497 shares of the company’s stock valued at $229,458,000 after buying an additional 1,222,049 shares in the last quarter. Norges Bank bought a new stake in shares of Booz Allen Hamilton Holding Corp. during the fourth quarter valued at about $35,837,000. Finally, Victory Capital Management Inc. increased its stake in shares of Booz Allen Hamilton Holding Corp. by 52.4% in the second quarter. Victory Capital Management Inc. now owns 3,057,892 shares of the company’s stock valued at $90,635,000 after buying an additional 1,051,943 shares in the last quarter. 92.68% of the stock is owned by institutional investors.

About Booz Allen Hamilton Holding Corp.

Booz Allen Hamilton Holding Corporation is a management consulting company. The Company provides management consulting, technology and engineering services to the United States Government in the defense, intelligence and civil markets. It also provides management and technology consulting services to major corporations, institutions, not-for-profit organizations and international clients.

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