Booz Allen Hamilton (NYSE:BAH) Downgraded to “Underweight” at JPMorgan Chase & Co.

JPMorgan Chase & Co. cut shares of Booz Allen Hamilton (NYSE:BAH) from a neutral rating to an underweight rating in a research note published on Wednesday morning, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has $158.00 price target on the business services provider’s stock, up from their previous price target of $154.00.

Several other analysts have also recently commented on the stock. Barclays decreased 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 research note on Tuesday, July 30th. Wells Fargo & Company boosted their target price on Booz Allen Hamilton from $165.00 to $185.00 and gave the company an overweight rating in a research report on Tuesday, October 1st. Truist Financial increased their price target on Booz Allen Hamilton from $140.00 to $165.00 and gave the stock a hold rating in a report on Thursday, September 5th. StockNews.com downgraded Booz Allen Hamilton from a hold rating to a sell rating in a research report on Wednesday, September 25th. Finally, TD Cowen decreased their target price on 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. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $166.00.

Booz Allen Hamilton Trading Down 0.1 %

Shares of BAH stock opened at $160.80 on Wednesday. The company has a 50 day moving average of $153.29 and a 200-day moving average of $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. Booz Allen Hamilton has a 12-month low of $114.69 and a 12-month high of $164.43. The firm has a market cap of $20.79 billion, a P/E ratio of 34.96, a PEG ratio of 2.30 and a beta of 0.59.

Booz Allen Hamilton (NYSE:BAH) last issued its earnings results 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 firm 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%. 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 company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 14th were paid a dividend of $0.51 per share. The ex-dividend date was Wednesday, August 14th. This represents a $2.04 annualized dividend and a dividend yield of 1.27%. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 44.35%.

Insider Activity at Booz Allen Hamilton

In other Booz Allen Hamilton news, CFO Matthew Calderone sold 3,865 shares of the company’s 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 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 document filed with the SEC, which is accessible through this link. In other news, CFO Matthew Calderone sold 3,865 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now owns 33,683 shares of the company’s stock, valued at $5,389,280. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Melody C. Barnes sold 1,041 shares of the 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 completion of the sale, the director now owns 18,123 shares in the company, valued at approximately $2,597,207.13. The trade was 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 insiders.

Institutional Trading of Booz Allen Hamilton

A number of institutional investors have recently modified their holdings of BAH. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Booz Allen Hamilton in the 2nd quarter worth approximately $3,601,000. Sanctuary Advisors LLC acquired a new stake in Booz Allen Hamilton in the second quarter valued at $2,289,000. Point72 Asset Management L.P. acquired a new position in shares of Booz Allen Hamilton during the 2nd quarter worth approximately $439,000. Quarry LP increased its position in Booz Allen Hamilton by 69.5% during the 2nd quarter. Quarry LP now owns 1,185 shares of the business services provider’s stock worth $182,000 after purchasing an additional 486 shares in the last quarter. Finally, Creative Planning raised its position in shares of Booz Allen Hamilton by 16.7% in the second quarter. Creative Planning now owns 6,727 shares of the business services provider’s stock valued at $1,035,000 after buying an additional 962 shares during the last quarter. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

About Booz Allen Hamilton

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.