Booz Allen Hamilton (NYSE:BAH) Stock Rating Lowered by JPMorgan Chase & Co.

JPMorgan Chase & Co. downgraded shares of Booz Allen Hamilton (NYSE:BAH) from a neutral rating to an underweight rating in a research note released on Wednesday morning, Marketbeat reports. The brokerage currently has $158.00 price objective on the business services provider’s stock, up from their prior price objective of $154.00.

Several other research firms have also recently weighed in on BAH. StockNews.com cut Booz Allen Hamilton from a hold rating to a sell rating in a research report on Wednesday, September 25th. Barclays lowered their price target on shares of Booz Allen Hamilton from $153.00 to $142.00 and set an underweight rating on the stock in a report on Tuesday, July 30th. Truist Financial lifted their target price on shares of Booz Allen Hamilton from $140.00 to $165.00 and gave the company a hold rating in a research report on Thursday, September 5th. Wells Fargo & Company boosted their target price on shares of Booz Allen Hamilton from $165.00 to $185.00 and gave the company an overweight rating in a research note on Tuesday, October 1st. Finally, TD Cowen decreased their price objective on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a buy rating on the stock in a research note on Monday, July 29th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $166.00.

Booz Allen Hamilton Trading Down 0.1 %

Shares of NYSE:BAH opened at $160.80 on Wednesday. Booz Allen Hamilton has a fifty-two week low of $114.69 and a fifty-two week high of $164.43. The company’s 50-day moving average price is $153.29 and its 200 day moving average price is $151.73. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 3.07. The company has a market cap of $20.79 billion, a PE ratio of 34.96, a P/E/G ratio of 2.30 and a beta of 0.59.

Booz Allen Hamilton (NYSE:BAH) last released its earnings results on Friday, July 26th. The business services provider reported $1.38 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.14). The business had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.92 billion. Booz Allen Hamilton had a net margin of 5.57% and a return on equity of 65.80%. Sell-side analysts anticipate that Booz Allen Hamilton will post 5.96 earnings per share for the current year.

Booz Allen Hamilton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date was Wednesday, August 14th. Booz Allen Hamilton’s dividend payout ratio (DPR) is currently 44.35%.

Insider Activity

In other news, CFO Matthew Calderone sold 3,865 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $160.00, for a total value of $618,400.00. Following the completion of the transaction, the chief financial officer now owns 33,683 shares of the company’s stock, valued at $5,389,280. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Melody C. Barnes sold 1,041 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $143.31, for a total transaction of $149,185.71. Following the sale, the director now owns 18,123 shares in the company, valued at approximately $2,597,207.13. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Matthew Calderone sold 3,865 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $160.00, for a total value of $618,400.00. Following the transaction, the chief financial officer now directly owns 33,683 shares of the company’s stock, valued at $5,389,280. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.59% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Booz Allen Hamilton

Several large investors have recently made changes to their positions in BAH. Opal Wealth Advisors LLC bought a new stake in Booz Allen Hamilton during the second quarter worth $26,000. OFI Invest Asset Management bought a new stake in shares of Booz Allen Hamilton in the 2nd quarter valued at about $29,000. Banque Cantonale Vaudoise lifted its stake in Booz Allen Hamilton by 112.4% in the 1st quarter. Banque Cantonale Vaudoise now owns 206 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 109 shares during the last quarter. MCF Advisors LLC grew its holdings in Booz Allen Hamilton by 103.6% during the first quarter. MCF Advisors LLC now owns 226 shares of the business services provider’s stock worth $34,000 after purchasing an additional 115 shares during the period. Finally, Innealta Capital LLC acquired a new position in Booz Allen Hamilton during the second quarter worth approximately $34,000. Institutional investors and hedge funds 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.