Cowen and Company reiterated their buy rating on shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) in a report issued on Monday. They currently have a $41.00 price target on the business services provider’s stock.

“Investors should be positive to good Q1 execution and robust bookings, despite.”,” the firm’s analyst commented.

BAH has been the subject of several other reports. Drexel Hamilton cut shares of Booz Allen Hamilton Holding Corporation from a buy rating to a hold rating and decreased their price objective for the company from $39.67 to $27.47 in a research note on Friday, June 16th. Bank of America Corporation cut shares of Booz Allen Hamilton Holding Corporation from a buy rating to a neutral rating in a research note on Friday, June 16th. Raymond James Financial, Inc. restated a market perform rating on shares of Booz Allen Hamilton Holding Corporation in a research note on Friday, June 16th. Barclays PLC cut shares of Booz Allen Hamilton Holding Corporation from an overweight rating to an equal weight rating and set a $38.00 price objective for the company. in a research note on Monday, May 1st. Finally, Zacks Investment Research cut shares of Booz Allen Hamilton Holding Corporation from a buy rating to a hold rating in a research note on Tuesday, May 16th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Booz Allen Hamilton Holding Corporation currently has an average rating of Hold and an average target price of $37.35.

Shares of Booz Allen Hamilton Holding Corporation (NYSE BAH) traded up 1.11% during trading on Monday, hitting $33.76. 110,208 shares of the company traded hands. The company has a market capitalization of $4.99 billion, a price-to-earnings ratio of 20.28 and a beta of 1.31. The company has a 50 day moving average price of $33.73 and a 200 day moving average price of $35.48. Booz Allen Hamilton Holding Corporation has a 52 week low of $29.55 and a 52 week high of $39.67.

Booz Allen Hamilton Holding Corporation (NYSE:BAH) last released its earnings results on Monday, August 7th. The business services provider reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.06. Booz Allen Hamilton Holding Corporation had a net margin of 4.35% and a return on equity of 49.46%. The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same period last year, the business earned $0.46 EPS. Booz Allen Hamilton Holding Corporation’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, analysts expect that Booz Allen Hamilton Holding Corporation will post $1.91 earnings per share for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Monday, August 14th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.04%. This is a positive change from Booz Allen Hamilton Holding Corporation’s previous quarterly dividend of $0.13. The ex-dividend date is Thursday, August 10th. Booz Allen Hamilton Holding Corporation’s payout ratio is 40.72%.

In other news, CFO Lloyd Howell, Jr. sold 45,000 shares of Booz Allen Hamilton Holding Corporation stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $39.01, for a total transaction of $1,755,450.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Joseph W. Mahaffee sold 50,000 shares of Booz Allen Hamilton Holding Corporation stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $39.00, for a total transaction of $1,950,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 239,140 shares of company stock valued at $9,225,081. Insiders own 3.04% of the company’s stock.

A number of large investors have recently modified their holdings of BAH. BlackRock Inc. raised its stake in shares of Booz Allen Hamilton Holding Corporation by 1,951.0% in the first quarter. BlackRock Inc. now owns 8,227,419 shares of the business services provider’s stock valued at $291,169,000 after buying an additional 7,826,286 shares during the last quarter. Findlay Park Partners LLP bought a new stake in shares of Booz Allen Hamilton Holding Corporation during the first quarter valued at approximately $86,306,000. Wells Fargo & Company MN raised its stake in shares of Booz Allen Hamilton Holding Corporation by 99.9% in the first quarter. Wells Fargo & Company MN now owns 4,228,931 shares of the business services provider’s stock valued at $149,662,000 after buying an additional 2,113,070 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of Booz Allen Hamilton Holding Corporation by 402.8% in the first quarter. Prudential Financial Inc. now owns 1,634,674 shares of the business services provider’s stock valued at $57,851,000 after buying an additional 1,309,550 shares during the last quarter. Finally, Rothschild Asset Management Inc. bought a new stake in shares of Booz Allen Hamilton Holding Corporation during the first quarter valued at approximately $40,269,000. 95.17% of the stock is owned by institutional investors.

About Booz Allen Hamilton Holding Corporation

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.

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

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