Zacks Investment Research upgraded shares of Booz Allen Hamilton Holding Corp. (NYSE:BAH) from a hold rating to a buy rating in a research report sent to investors on Monday. The brokerage currently has $34.00 target price on the stock.

According to Zacks, “Booz Allen Hamilton Inc. is engaged in providing management and technology consulting services to the U.S. government in the defense, intelligence and civil markets. Technological services offered by the Company include Cyber technologies, SE&I, Systems development and Strategic technology and innovation. Its major clients include the Department of Defense, all branches of the U.S. military, the U.S. Intelligence Community, and civil agencies such as the Department of Homeland Security, the Department of Energy, the Department of Health and Human Services, the Department of the Treasury and the Environmental Protection Agency. Booz Allen Hamilton Inc. is headquartered in McLean, Virginia, the United States of America. “

Several other equities research analysts have also commented on the stock. Jefferies Group restated a buy rating on shares of Booz Allen Hamilton Holding Corp. in a research note on Tuesday, July 5th. Barclays PLC restated 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. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Booz Allen Hamilton Holding Corp. has an average rating of Buy and a consensus target price of $33.84.

Shares of Booz Allen Hamilton Holding Corp. (NYSE:BAH) opened at 30.89 on Monday. The company has a 50-day moving average price of $30.28 and a 200-day moving average price of $29.42. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of 15.73 and a beta of 0.97. Booz Allen Hamilton Holding Corp. has a 1-year low of $25.03 and a 1-year high of $31.50.

Booz Allen Hamilton Holding Corp. (NYSE:BAH) last issued its earnings results on Wednesday, July 27th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.02. Booz Allen Hamilton Holding Corp. had a net margin of 5.43% and a return on equity of 65.77%. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter last year, the company posted $0.44 earnings per share. Booz Allen Hamilton Holding Corp.’s revenue was up 5.3% on a year-over-year basis. On average, equities analysts expect that Booz Allen Hamilton Holding Corp. will post $1.73 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Wednesday, August 10th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date was Monday, August 8th. Booz Allen Hamilton Holding Corp.’s dividend payout ratio is 30.61%.

In related news, insider Joseph Logue sold 16,223 shares of the firm’s stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $31.50, for a total value of $511,024.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.76% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Booz Allen Hamilton Holding Corp. by 13.7% in the second quarter. Vanguard Group Inc. now owns 11,868,692 shares of the company’s stock worth $351,787,000 after buying an additional 1,432,859 shares in the last quarter. William Blair Investment Management LLC raised its position in Booz Allen Hamilton Holding Corp. by 18.7% in the second quarter. William Blair Investment Management LLC now owns 7,741,497 shares of the company’s stock worth $229,458,000 after buying an additional 1,222,049 shares in the last quarter. FMR LLC raised its position in Booz Allen Hamilton Holding Corp. by 8.5% in the second quarter. FMR LLC now owns 5,987,923 shares of the company’s stock worth $177,482,000 after buying an additional 471,033 shares in the last quarter. TimesSquare Capital Management LLC raised its position in Booz Allen Hamilton Holding Corp. by 4.1% in the first quarter. TimesSquare Capital Management LLC now owns 5,009,300 shares of the company’s stock worth $151,682,000 after buying an additional 199,400 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in Booz Allen Hamilton Holding Corp. by 22.7% in the second quarter. Alliancebernstein L.P. now owns 4,241,502 shares of the company’s stock worth $125,718,000 after buying an additional 785,165 shares in the last quarter. 92.68% of the stock is owned by hedge funds and other institutional investors.

About Booz Allen Hamilton Holding Corp.

Booz Allen Hamilton Holding Corporation is a management consulting company. The Company provides management consulting, technology and engineering services to the United States Government in the defense, intelligence and civil markets. It also provides management and technology consulting services to major corporations, institutions, not-for-profit organizations and international clients.

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