The Goldman Sachs Group Lowers Booz Allen Hamilton (NYSE:BAH) Price Target to $158.00

Booz Allen Hamilton (NYSE:BAH) had its price target decreased by equities research analysts at The Goldman Sachs Group from $210.00 to $158.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. The Goldman Sachs Group’s price objective suggests a potential upside of 17.58% from the stock’s previous close.

Other analysts also recently issued reports about the company. Jefferies Financial Group downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating and raised their price target for the stock from $180.00 to $190.00 in a research report on Monday, November 4th. StockNews.com cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. UBS Group initiated coverage on shares of Booz Allen Hamilton in a research report on Monday, December 2nd. They issued a “neutral” rating and a $159.00 price objective on the stock. Barclays boosted their target price on Booz Allen Hamilton from $142.00 to $175.00 and gave the company an “underweight” rating in a research report on Tuesday, October 29th. Finally, Wells Fargo & Company reduced their price target on Booz Allen Hamilton from $206.00 to $177.00 and set an “overweight” rating on the stock in a report on Tuesday, November 26th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $167.44.

Booz Allen Hamilton Trading Down 0.9 %

Shares of BAH stock opened at $134.38 on Thursday. The company has a market cap of $17.17 billion, a PE ratio of 21.10, a price-to-earnings-growth ratio of 1.62 and a beta of 0.52. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.56 and a quick ratio of 1.56. The stock’s 50 day simple moving average is $159.96 and its two-hundred day simple moving average is $155.81. Booz Allen Hamilton has a 1 year low of $123.17 and a 1 year high of $190.59.

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 shares were sold at an average price of $160.00, for a total value of $618,400.00. Following the sale, the chief financial officer now directly owns 33,683 shares of the company’s stock, valued at $5,389,280. This represents a 10.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Richard Crowe sold 4,243 shares of the company’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $165.00, for a total value of $700,095.00. Following the completion of the sale, the executive vice president now owns 25,496 shares in the company, valued at $4,206,840. The trade was a 14.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,173 shares of company stock worth $1,989,220 over the last three months. 1.59% of the stock is owned by corporate insiders.

Institutional Trading of Booz Allen Hamilton

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AGF Management Ltd. grew its position in shares of Booz Allen Hamilton by 63.4% during the 2nd quarter. AGF Management Ltd. now owns 1,750,610 shares of the business services provider’s stock valued at $269,419,000 after acquiring an additional 679,280 shares during the period. Westfield Capital Management Co. LP purchased a new position in Booz Allen Hamilton during the third quarter worth approximately $48,349,000. Caisse DE Depot ET Placement DU Quebec grew its holdings in Booz Allen Hamilton by 28.5% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,288,101 shares of the business services provider’s stock valued at $209,651,000 after purchasing an additional 285,621 shares during the period. Acadian Asset Management LLC increased its position in shares of Booz Allen Hamilton by 184.0% in the second quarter. Acadian Asset Management LLC now owns 335,463 shares of the business services provider’s stock valued at $51,613,000 after buying an additional 217,349 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of Booz Allen Hamilton by 75.3% during the 2nd quarter. Van ECK Associates Corp now owns 465,363 shares of the business services provider’s stock worth $71,619,000 after buying an additional 199,871 shares during the period. Institutional investors and hedge funds own 91.82% of the company’s stock.

About Booz Allen Hamilton

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.