Booz Allen Hamilton (NYSE:BAH) Shares Gap Down to $163.39

Booz Allen Hamilton Holding Co. (NYSE:BAH - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $163.39, but opened at $160.00. Booz Allen Hamilton shares last traded at $161.98, with a volume of 71,244 shares.

Analysts Set New Price Targets

Several analysts have weighed in on BAH shares. Wells Fargo & Company raised their price target on Booz Allen Hamilton from $165.00 to $185.00 and gave the company an "overweight" rating in a report on Tuesday. TD Cowen dropped their target price on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a "buy" rating for the company in a research report on Monday, July 29th. Truist Financial boosted their price target on shares of Booz Allen Hamilton from $140.00 to $165.00 and gave the stock a "hold" rating in a research note on Thursday, September 5th. Barclays lowered their price objective on shares of Booz Allen Hamilton from $153.00 to $142.00 and set an "underweight" rating on the stock in a research report on Tuesday, July 30th. Finally, StockNews.com lowered shares of Booz Allen Hamilton from a "hold" rating to a "sell" rating in a research report on Wednesday, September 25th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $162.00.

Booz Allen Hamilton Stock Performance

The company has a debt-to-equity ratio of 3.07, a quick ratio of 1.55 and a current ratio of 1.55. The company has a market cap of $20.89 billion, a PE ratio of 35.18, a PEG ratio of 2.30 and a beta of 0.59. The business's 50-day moving average is $152.58 and its 200 day moving average is $151.45.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last released its quarterly earnings data on Friday, July 26th. The business services provider reported $1.38 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.14). The company had revenue of $2.94 billion during the quarter, compared to analysts' expectations of $2.92 billion. Booz Allen Hamilton had a return on equity of 65.80% and a net margin of 5.57%. On average, equities research analysts predict that Booz Allen Hamilton Holding Co. will post 5.96 EPS for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date was Wednesday, August 14th. Booz Allen Hamilton's dividend payout ratio (DPR) is presently 44.35%.

Insider Buying and Selling

In other Booz Allen Hamilton news, Director Melody C. Barnes sold 1,041 shares of the firm's stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $143.31, for a total value of $149,185.71. Following the sale, the director now owns 18,123 shares of the company's stock, valued at approximately $2,597,207.13. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Booz Allen Hamilton news, Director Melody C. Barnes sold 1,041 shares of the company's stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $143.31, for a total transaction of $149,185.71. Following the completion of the transaction, the director now owns 18,123 shares of the company's stock, valued at approximately $2,597,207.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Matthew Calderone sold 3,865 shares of Booz Allen Hamilton stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $160.00, for a total value of $618,400.00. Following the completion of the sale, the chief financial officer now owns 33,683 shares in the company, valued at $5,389,280. The disclosure for this sale can be found here. 1.59% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BAH. Price T Rowe Associates Inc. MD increased its position in shares of Booz Allen Hamilton by 2.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,406,880 shares of the business services provider's stock valued at $1,544,798,000 after buying an additional 222,884 shares during the period. AGF Management Ltd. raised its position in shares of Booz Allen Hamilton by 63.4% in the 2nd quarter. AGF Management Ltd. now owns 1,750,610 shares of the business services provider's stock worth $269,419,000 after acquiring an additional 679,280 shares in the last quarter. American Century Companies Inc. raised its position in shares of Booz Allen Hamilton by 6.1% in the 2nd quarter. American Century Companies Inc. now owns 1,672,961 shares of the business services provider's stock worth $257,469,000 after acquiring an additional 96,553 shares in the last quarter. Bessemer Group Inc. lifted its stake in shares of Booz Allen Hamilton by 1.9% in the 1st quarter. Bessemer Group Inc. now owns 1,178,784 shares of the business services provider's stock valued at $174,978,000 after purchasing an additional 22,545 shares during the period. Finally, Captrust Financial Advisors boosted its position in shares of Booz Allen Hamilton by 29.4% during the first quarter. Captrust Financial Advisors now owns 1,076,130 shares of the business services provider's stock valued at $159,741,000 after purchasing an additional 244,391 shares in the last quarter. 91.82% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.