Wells Fargo & Company Cuts Booz Allen Hamilton (NYSE:BAH) Price Target to $164.00

Booz Allen Hamilton (NYSE:BAH) had its price target trimmed by Wells Fargo & Company from $180.00 to $164.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an overweight rating on the business services provider’s stock.

BAH has been the topic of a number of other reports. Raymond James upgraded shares of Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 price target on the stock in a report on Monday, February 3rd. Jefferies Financial Group downgraded shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and upped their target price for the stock from $180.00 to $190.00 in a research note on Monday, November 4th. Cantor Fitzgerald raised shares of Booz Allen Hamilton to a “strong-buy” rating in a research note on Tuesday. UBS Group began coverage on Booz Allen Hamilton in a research note on Monday, December 2nd. They issued a “neutral” rating and a $159.00 price objective on the stock. Finally, Truist Financial decreased their target price on Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a research report on Friday, November 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $158.27.

Booz Allen Hamilton Stock Down 4.5 %

Shares of NYSE:BAH opened at $106.06 on Wednesday. The firm has a market capitalization of $13.43 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 1.25 and a beta of 0.55. The business has a 50 day simple moving average of $127.82 and a two-hundred day simple moving average of $146.82. Booz Allen Hamilton has a 1 year low of $104.05 and a 1 year high of $190.59. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.57 and a quick ratio of 1.57.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.07. Booz Allen Hamilton had a return on equity of 68.97% and a net margin of 7.39%. On average, equities analysts predict that Booz Allen Hamilton will post 6.44 EPS for the current year.

Booz Allen Hamilton Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 14th will be paid a dividend of $0.55 per share. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.51. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend is Friday, February 14th. Booz Allen Hamilton’s dividend payout ratio is 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 stock. Bogart Wealth LLC grew its position in shares of Booz Allen Hamilton by 387.5% in the 4th quarter. Bogart Wealth LLC now owns 195 shares of the business services provider’s stock worth $25,000 after buying an additional 155 shares during the last quarter. OFI Invest Asset Management purchased a new position in Booz Allen Hamilton in the fourth quarter worth $25,000. EverSource Wealth Advisors LLC grew its holdings 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 during the last quarter. Peterson Financial Group Inc. acquired a new position in shares of Booz Allen Hamilton during the third quarter worth $31,000. Finally, R Squared Ltd purchased a new stake in shares of Booz Allen Hamilton during the 4th quarter valued at $31,000. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Company Profile

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.