Wells Fargo & Company Has Lowered Expectations for Booz Allen Hamilton (NYSE:BAH) Stock Price

Booz Allen Hamilton (NYSE:BAH) had its target price decreased by equities researchers at Wells Fargo & Company from $206.00 to $177.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the business services provider’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 20.12% from the stock’s current price.

A number of other research firms have also recently commented on BAH. The Goldman Sachs Group boosted their price target on Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Truist Financial decreased their price target on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating on the stock in a report on Friday, November 22nd. TD Cowen dropped their price objective on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Monday, July 29th. Jefferies Financial Group cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and boosted their target price for the stock from $180.00 to $190.00 in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. lowered Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and boosted their price objective for the stock from $154.00 to $158.00 in a research report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $173.25.

Booz Allen Hamilton Price Performance

BAH stock opened at $147.35 on Tuesday. The company’s 50-day moving average price is $164.37 and its two-hundred day moving average price is $156.80. Booz Allen Hamilton has a 12 month low of $123.17 and a 12 month high of $190.59. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 2.76. The firm has a market cap of $18.83 billion, a P/E ratio of 23.12, a P/E/G ratio of 1.77 and a beta of 0.58.

Insiders Place Their Bets

In other news, CFO Matthew Calderone sold 3,865 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $160.00, for a total value of $618,400.00. Following the transaction, the chief financial officer now owns 33,683 shares in the company, valued at approximately $5,389,280. The trade was a 10.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Richard Crowe sold 4,243 shares of the company’s 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 14.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,173 shares of company stock valued at $1,989,220. 1.59% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Cetera Investment Advisers increased its holdings in Booz Allen Hamilton by 142.5% in the first quarter. Cetera Investment Advisers now owns 28,615 shares of the business services provider’s stock worth $4,248,000 after purchasing an additional 16,815 shares in the last quarter. Cumberland Partners Ltd grew its position in shares of Booz Allen Hamilton by 39.5% during the 3rd quarter. Cumberland Partners Ltd now owns 51,675 shares of the business services provider’s stock worth $8,411,000 after buying an additional 14,620 shares during the period. Eagle Asset Management Inc. increased its stake in shares of Booz Allen Hamilton by 3.6% in the 3rd quarter. Eagle Asset Management Inc. now owns 957,300 shares of the business services provider’s stock valued at $155,810,000 after acquiring an additional 32,897 shares in the last quarter. BDF Gestion acquired a new position in shares of Booz Allen Hamilton during the 2nd quarter valued at $2,641,000. Finally, International Assets Investment Management LLC bought a new position in Booz Allen Hamilton during the third quarter worth $224,110,000. 91.82% of the stock is owned by institutional investors.

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.