Booz Allen Hamilton (NYSE:BAH) PT Raised to $206.00

Booz Allen Hamilton (NYSE:BAH) had its target price boosted by equities researchers at Wells Fargo & Company from $185.00 to $206.00 in a research note issued on Monday, 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 11.82% from the company’s previous close.

A number of other equities analysts have also weighed in on BAH. The Goldman Sachs Group upped their target price on shares of Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. StockNews.com lowered shares of Booz Allen Hamilton from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. Barclays dropped their target price on shares of Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating for the company in a research report on Tuesday, July 30th. JPMorgan Chase & Co. lowered shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and upped their target price for the stock from $154.00 to $158.00 in a research report on Wednesday, October 2nd. Finally, Truist Financial upped their target price on shares of Booz Allen Hamilton from $165.00 to $185.00 and gave the stock a “hold” rating in a research report on Monday. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $180.00.

Booz Allen Hamilton Stock Performance

BAH opened at $184.23 on Monday. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.55 and a quick ratio of 1.55. The company has a 50 day simple moving average of $159.56 and a two-hundred day simple moving average of $153.85. Booz Allen Hamilton has a 1-year low of $116.60 and a 1-year high of $189.13. The firm has a market cap of $23.80 billion, a P/E ratio of 40.04, a PEG ratio of 2.33 and a beta of 0.59.

Insider Buying and Selling at Booz Allen Hamilton

In other news, EVP Richard Crowe sold 4,243 shares of the stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total value of $700,095.00. Following the sale, the executive vice president now owns 25,496 shares of the company’s stock, valued at approximately $4,206,840. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, 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 sale, the director now owns 18,123 shares of the company’s stock, valued at approximately $2,597,207.13. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Richard Crowe sold 4,243 shares of the stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total transaction of $700,095.00. Following the completion of the sale, the executive vice president now directly owns 25,496 shares in the company, valued at approximately $4,206,840. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,214 shares of company stock worth $2,138,406 over the last 90 days. 1.59% of the stock is owned by insiders.

Institutional Investors Weigh In On Booz Allen Hamilton

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Booz Allen Hamilton by 6.8% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 295,447 shares of the business services provider’s stock worth $43,856,000 after buying an additional 18,815 shares during the period. Mediolanum International Funds Ltd purchased a new position in Booz Allen Hamilton in the 1st quarter worth about $2,044,000. Cetera Investment Advisers increased its stake in Booz Allen Hamilton by 142.5% in the 1st quarter. Cetera Investment Advisers now owns 28,615 shares of the business services provider’s stock worth $4,248,000 after buying an additional 16,815 shares during the period. Sei Investments Co. increased its stake in Booz Allen Hamilton by 47.4% in the 1st quarter. Sei Investments Co. now owns 168,377 shares of the business services provider’s stock worth $24,995,000 after buying an additional 54,180 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its stake in Booz Allen Hamilton by 2.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 149,998 shares of the business services provider’s stock worth $22,266,000 after buying an additional 4,264 shares during the period. Hedge funds and other institutional investors own 91.82% of the company’s stock.

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.