Booz Allen Hamilton (NYSE:BAH) Cut to Hold at Jefferies Financial Group

Jefferies Financial Group downgraded shares of Booz Allen Hamilton (NYSE:BAH) from a buy rating to a hold rating in a research report released on Monday morning, MarketBeat reports. Jefferies Financial Group currently has $190.00 price objective on the business services provider’s stock, up from their previous price objective of $180.00.

Other equities analysts have also recently issued reports about the stock. Wells Fargo & Company boosted their target price on shares of Booz Allen Hamilton from $185.00 to $206.00 and gave the company an “overweight” rating in a research note on Monday, October 28th. Barclays upped their price objective on shares of Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. StockNews.com upgraded Booz Allen Hamilton from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. TD Cowen reduced their price target on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a report on Monday, July 29th. Finally, Truist Financial raised their price objective on Booz Allen Hamilton from $165.00 to $185.00 and gave the company a “hold” rating in a report on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $180.63.

Booz Allen Hamilton Stock Down 2.9 %

Shares of BAH opened at $179.95 on Monday. The stock’s 50-day moving average price is $163.57 and its 200-day moving average price is $155.76. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 2.76. The company has a market capitalization of $22.99 billion, a price-to-earnings ratio of 28.25, a PEG ratio of 2.48 and a beta of 0.58. Booz Allen Hamilton has a 52 week low of $122.59 and a 52 week high of $190.59.

Booz Allen Hamilton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a yield of 1.13%. Booz Allen Hamilton’s payout ratio is currently 32.03%.

Insiders Place Their Bets

In other Booz Allen Hamilton news, CFO Matthew Calderone sold 3,865 shares of the stock in a transaction dated 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 sale, the chief financial officer now owns 33,683 shares in the company, valued at approximately $5,389,280. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Booz Allen Hamilton news, EVP Richard Crowe sold 4,243 shares of Booz Allen Hamilton stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $165.00, for a total transaction of $700,095.00. Following the transaction, the executive vice president now directly owns 25,496 shares of the company’s stock, valued at $4,206,840. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction of $618,400.00. Following the completion of the sale, the chief financial officer now directly owns 33,683 shares of the company’s stock, valued at approximately $5,389,280. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,173 shares of company stock valued at $1,989,220 in the last 90 days. 1.59% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BAH. Opal Wealth Advisors LLC purchased a new stake in Booz Allen Hamilton in the second quarter valued at $26,000. OFI Invest Asset Management purchased a new stake in Booz Allen Hamilton in the 2nd quarter valued at about $29,000. Innealta Capital LLC acquired a new position in Booz Allen Hamilton in the second quarter valued at about $34,000. Crewe Advisors LLC purchased a new position in Booz Allen Hamilton during the first quarter worth about $35,000. Finally, Gilliland Jeter Wealth Management LLC acquired a new stake in shares of Booz Allen Hamilton during the third quarter valued at about $45,000. 91.82% of the stock is currently owned by institutional investors and hedge funds.

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.