Booz Allen Hamilton Holding Corp. (NYSE:BAH) was upgraded by Bank of America Corp. from a “neutral” rating to a “buy” rating in a research report issued on Friday.

Several other brokerages have also recently commented on BAH. Zacks Investment Research raised Booz Allen Hamilton Holding Corp. from a “sell” rating to a “hold” rating and set a $34.00 price target for the company in a research note on Thursday, July 28th. Raymond James Financial Inc. raised Booz Allen Hamilton Holding Corp. from a “market perform” rating to an “outperform” rating and set a $36.00 price target for the company in a research note on Thursday, October 6th. Barclays PLC reissued an “overweight” rating and issued a $32.00 price target on shares of Booz Allen Hamilton Holding Corp. in a research note on Sunday, July 31st. Finally, Jefferies Group reissued a “buy” rating and issued a $37.00 price target on shares of Booz Allen Hamilton Holding Corp. in a research note on Tuesday, November 8th. Nine investment analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus target price of $34.50.

Analyst Recommendations for Booz Allen Hamilton Holding Corp. (NYSE:BAH)

Shares of Booz Allen Hamilton Holding Corp. (NYSE:BAH) opened at 35.60 on Friday. The company has a market cap of $5.31 billion, a price-to-earnings ratio of 17.76 and a beta of 1.06. Booz Allen Hamilton Holding Corp. has a 52 week low of $25.03 and a 52 week high of $35.81. The company has a 50 day moving average of $31.57 and a 200-day moving average of $30.22.

Booz Allen Hamilton Holding Corp. (NYSE:BAH) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.03. The business earned $1.39 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Booz Allen Hamilton Holding Corp. had a return on equity of 59.18% and a net margin of 5.48%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.39 EPS. On average, equities research analysts expect that Booz Allen Hamilton Holding Corp. will post $1.75 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Thursday, November 10th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.69%. This is a boost from Booz Allen Hamilton Holding Corp.’s previous quarterly dividend of $0.13. The ex-dividend date is Tuesday, November 8th. Booz Allen Hamilton Holding Corp.’s dividend payout ratio is currently 30.00%.

In other news, insider Joseph Logue sold 60,000 shares of the stock in a transaction that occurred on Thursday, November 3rd. The stock was sold at an average price of $32.03, for a total value of $1,921,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.76% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of BAH. Public Employees Retirement Association of Colorado boosted its stake in Booz Allen Hamilton Holding Corp. by 11.7% in the second quarter. Public Employees Retirement Association of Colorado now owns 3,646 shares of the company’s stock valued at $108,000 after buying an additional 382 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in Booz Allen Hamilton Holding Corp. during the third quarter valued at $134,000. NN Investment Partners Holdings N.V. boosted its stake in Booz Allen Hamilton Holding Corp. by 9.5% in the second quarter. NN Investment Partners Holdings N.V. now owns 4,600 shares of the company’s stock valued at $136,000 after buying an additional 400 shares in the last quarter. Citigroup Inc. boosted its stake in Booz Allen Hamilton Holding Corp. by 165.7% in the second quarter. Citigroup Inc. now owns 5,113 shares of the company’s stock valued at $151,000 after buying an additional 3,189 shares in the last quarter. Finally, GAM Holding AG acquired a new stake in Booz Allen Hamilton Holding Corp. during the second quarter valued at $153,000. 91.75% of the stock is owned by institutional investors.

About Booz Allen Hamilton Holding Corp.

Booz Allen Hamilton Holding Corporation is a holding company. The Company is a provider of management and technology, consulting and engineering services to the United States and international governments, corporations and not-for-profit organizations. The Company’s client base includes government, commercial and international clients.

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