Booz Allen Hamilton (NYSE:BAH) PT Raised to $185.00

Booz Allen Hamilton (NYSE:BAH) had its target price hoisted by investment analysts at Wells Fargo & Company from $165.00 to $185.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the business services provider’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 13.12% from the company’s current price.

A number of other brokerages have also issued reports on BAH. Barclays lowered their price target on Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating for the company in a report on Tuesday, July 30th. TD Cowen dropped their price target on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Monday, July 29th. Truist Financial lifted their price objective on Booz Allen Hamilton from $140.00 to $165.00 and gave the company a “hold” rating in a report on Thursday, September 5th. JPMorgan Chase & Co. increased their target price on shares of Booz Allen Hamilton from $136.00 to $154.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. Finally, StockNews.com cut shares of Booz Allen Hamilton from a “hold” rating to a “sell” rating in a research report on Wednesday, September 25th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $161.56.

Booz Allen Hamilton Trading Up 0.5 %

Shares of BAH stock traded up $0.79 on Tuesday, reaching $163.55. 446,233 shares of the company’s stock were exchanged, compared to its average volume of 661,976. The company’s fifty day simple moving average is $152.52 and its 200 day simple moving average is $151.32. The stock has a market capitalization of $21.15 billion, a PE ratio of 35.63, a P/E/G ratio of 2.30 and a beta of 0.59. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 3.07. Booz Allen Hamilton has a 52 week low of $109.83 and a 52 week high of $164.43.

Booz Allen Hamilton (NYSE:BAH) last issued its earnings results on Friday, July 26th. The business services provider reported $1.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.14). The company had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.92 billion. Booz Allen Hamilton had a net margin of 5.57% and a return on equity of 65.80%. As a group, analysts forecast that Booz Allen Hamilton will post 5.96 EPS for the current year.

Insider Activity at Booz Allen Hamilton

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 transaction of $618,400.00. Following the transaction, the chief financial officer now directly owns 33,683 shares of the company’s stock, valued at $5,389,280. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CFO Matthew Calderone sold 3,865 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $160.00, for a total transaction of $618,400.00. Following the sale, the chief financial officer now owns 33,683 shares in the company, valued at $5,389,280. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Melody C. Barnes sold 1,041 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $143.31, for a total transaction of $149,185.71. Following the transaction, the director now owns 18,123 shares in the company, valued at approximately $2,597,207.13. The disclosure for this sale can be found here. 1.59% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Booz Allen Hamilton

Several institutional investors and hedge funds have recently made changes to their positions in BAH. AGF Management Ltd. raised its stake in Booz Allen Hamilton by 63.4% in the 2nd quarter. AGF Management Ltd. now owns 1,750,610 shares of the business services provider’s stock worth $269,419,000 after acquiring an additional 679,280 shares during the last quarter. Captrust Financial Advisors boosted its position in Booz Allen Hamilton by 29.4% in the first quarter. Captrust Financial Advisors now owns 1,076,130 shares of the business services provider’s stock valued at $159,741,000 after buying an additional 244,391 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Booz Allen Hamilton by 2.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,406,880 shares of the business services provider’s stock worth $1,544,798,000 after buying an additional 222,884 shares during the period. Acadian Asset Management LLC raised its position in Booz Allen Hamilton by 184.0% during the 2nd quarter. Acadian Asset Management LLC now owns 335,463 shares of the business services provider’s stock worth $51,613,000 after buying an additional 217,349 shares during the last quarter. Finally, Van ECK Associates Corp boosted its holdings in shares of Booz Allen Hamilton by 75.3% in the 2nd quarter. Van ECK Associates Corp now owns 465,363 shares of the business services provider’s stock valued at $71,619,000 after acquiring an additional 199,871 shares during the last quarter. 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.