Wells Fargo & Company Cuts Booz Allen Hamilton (NYSE:BAH) Price Target to $148.00

Booz Allen Hamilton (NYSE:BAH - Free Report) had its price target lowered by Wells Fargo & Company from $164.00 to $148.00 in a research report report published on Tuesday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the business services provider's stock.

BAH has been the topic of several other research reports. JPMorgan Chase & Co. reduced their price objective on shares of Booz Allen Hamilton from $142.00 to $140.00 and set an "underweight" rating on the stock in a research note on Monday, February 3rd. Barclays raised Booz Allen Hamilton from an "underweight" rating to an "equal weight" rating and set a $140.00 price target for the company in a research note on Monday, January 6th. Raymond James upgraded Booz Allen Hamilton from a "market perform" rating to an "outperform" rating and set a $150.00 price objective for the company in a research report on Monday, February 3rd. Cantor Fitzgerald upgraded Booz Allen Hamilton to a "strong-buy" rating in a report on Tuesday, February 25th. Finally, The Goldman Sachs Group lowered their price target on shares of Booz Allen Hamilton from $210.00 to $158.00 and set a "buy" rating for the company in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $152.36.

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Booz Allen Hamilton Stock Performance

Shares of BAH stock traded down $0.39 on Tuesday, hitting $108.42. The company's stock had a trading volume of 2,670,588 shares, compared to its average volume of 1,467,248. Booz Allen Hamilton has a fifty-two week low of $101.05 and a fifty-two week high of $190.59. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.57 and a current ratio of 1.57. The stock's 50 day moving average is $112.29 and its 200-day moving average is $136.22. The company has a market capitalization of $13.73 billion, a PE ratio of 16.16, a PEG ratio of 1.25 and a beta of 0.58.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 EPS for the quarter, beating 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%. Equities research analysts expect that Booz Allen Hamilton will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.03%. This is a boost from Booz Allen Hamilton's previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Friday, February 14th. Booz Allen Hamilton's dividend payout ratio is presently 32.79%.

Institutional Trading of Booz Allen Hamilton

Hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company lifted its holdings in shares of Booz Allen Hamilton by 2.9% during the third quarter. The Manufacturers Life Insurance Company now owns 6,313 shares of the business services provider's stock valued at $1,028,000 after purchasing an additional 179 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in Booz Allen Hamilton in the 3rd quarter worth about $225,000. Quantinno Capital Management LP lifted its stake in Booz Allen Hamilton by 5.6% during the 3rd quarter. Quantinno Capital Management LP now owns 4,931 shares of the business services provider's stock valued at $803,000 after acquiring an additional 261 shares during the period. Stifel Financial Corp boosted its holdings in shares of Booz Allen Hamilton by 23.5% during the 3rd quarter. Stifel Financial Corp now owns 119,072 shares of the business services provider's stock valued at $19,381,000 after acquiring an additional 22,690 shares during the last quarter. Finally, Orion Portfolio Solutions LLC grew its stake in shares of Booz Allen Hamilton by 14.9% in the third quarter. Orion Portfolio Solutions LLC now owns 26,529 shares of the business services provider's stock worth $4,318,000 after acquiring an additional 3,442 shares during the period. 91.82% of the stock is 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.