Booz Allen Hamilton (NYSE:BAH) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen downgraded shares of Booz Allen Hamilton (NYSE:BAH) from a buy rating to a hold rating in a research note issued to investors on Sunday,Wall Street Zen reports.

Several other research firms have also weighed in on BAH. Citigroup lowered their target price on shares of Booz Allen Hamilton from $82.00 to $77.00 and set a “neutral” rating on the stock in a report on Wednesday. Weiss Ratings reissued a “sell (d+)” rating on shares of Booz Allen Hamilton in a report on Friday, October 2nd. Jefferies Financial Group reduced their price target on shares of Booz Allen Hamilton from $80.00 to $75.00 and set a “hold” rating on the stock in a research report on Wednesday. UBS Group boosted their price target on shares of Booz Allen Hamilton from $70.00 to $78.00 and gave the company a “neutral” rating in a research report on Monday, July 27th. Finally, The Goldman Sachs Group decreased their price objective on shares of Booz Allen Hamilton from $74.00 to $65.00 and set a “sell” rating on the stock in a research note on Tuesday, July 14th. Four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $85.62.

Booz Allen Hamilton Price Performance

Shares of BAH stock opened at $74.00 on Friday. The stock’s fifty day simple moving average is $74.44 and its 200 day simple moving average is $74.01. Booz Allen Hamilton has a one year low of $59.50 and a one year high of $109.10. The firm has a market cap of $8.90 billion, a price-to-earnings ratio of 11.63, a P/E/G ratio of 1.77 and a beta of 0.37. The company has a debt-to-equity ratio of 3.26, a current ratio of 1.60 and a quick ratio of 1.59.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings data on Friday, July 24th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.32. The firm had revenue of $1.97 billion during the quarter, compared to analyst estimates of $2.81 billion. Booz Allen Hamilton had a return on equity of 76.71% and a net margin of 7.01%. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.48 earnings per share. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.35 EPS. On average, analysts expect that Booz Allen Hamilton will post 6.34 earnings per share for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a $0.59 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.36 dividend on an annualized basis and a yield of 3.2%. Booz Allen Hamilton’s payout ratio is currently 37.11%.

Institutional Trading of Booz Allen Hamilton

Hedge funds and other institutional investors have recently made changes to their positions in the business. Versant Capital Management Inc boosted its holdings in Booz Allen Hamilton by 1,122.9% in the second quarter. Versant Capital Management Inc now owns 587 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 539 shares during the last quarter. Axiom Investment Management LLC bought a new stake in Booz Allen Hamilton during the 1st quarter worth about $44,000. IFP Advisors Inc raised its holdings in Booz Allen Hamilton by 24.8% during the 2nd quarter. IFP Advisors Inc now owns 1,377 shares of the business services provider’s stock worth $84,000 after purchasing an additional 274 shares during the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in Booz Allen Hamilton during the 1st quarter worth about $184,000. Finally, Farther Finance Advisors LLC lifted its position in Booz Allen Hamilton by 13.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,770 shares of the business services provider’s stock valued at $192,000 after purchasing an additional 325 shares during the period. 91.82% of the stock is currently owned by institutional investors and hedge funds.

About Booz Allen Hamilton

Booz Allen Hamilton Holding Corporation is a management and technology consulting company that primarily serves the U.S. government, including defense, intelligence, civil, and health agencies. The company helps clients address complex national security, public-sector, and business challenges through consulting, engineering, technology integration, and mission-support services.

Its capabilities include artificial intelligence and data analytics, cybersecurity, digital transformation, cloud computing, systems engineering, software development, program management, and organizational strategy.