Wells Fargo & Company Lowers Booz Allen Hamilton (NYSE:BAH) Price Target to $177.00

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

A number of other research firms have also weighed in on BAH. The Goldman Sachs Group raised their price objective on shares of Booz Allen Hamilton from $174.00 to $196.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. TD Cowen decreased their price objective on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a report on Monday, July 29th. Truist Financial dropped their target price on Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating on the stock in a report on Friday, November 22nd. StockNews.com downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Jefferies Financial Group cut Booz Allen Hamilton from a “buy” rating to a “hold” rating and raised their price objective for the company from $180.00 to $190.00 in a research note on Monday, November 4th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Booz Allen Hamilton presently has a consensus rating of “Hold” and a consensus target price of $173.25.

Booz Allen Hamilton Price Performance

Shares of NYSE:BAH opened at $147.35 on Tuesday. Booz Allen Hamilton has a twelve month low of $123.17 and a twelve month high of $190.59. The stock’s 50 day moving average is $164.37 and its 200-day moving average is $156.80. 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 capitalization of $18.83 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 1.77 and a beta of 0.58.

Insider Activity at Booz Allen Hamilton

In other news, CFO Matthew Calderone sold 4,065 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $165.00, for a total transaction of $670,725.00. Following the completion of the transaction, the chief financial officer now owns 29,618 shares in the company, valued at approximately $4,886,970. This represents a 12.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Richard Crowe sold 4,243 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were 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. This represents a 14.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,173 shares of company stock worth $1,989,220. 1.59% of the stock is owned by company insiders.

Hedge Funds Weigh In On Booz Allen Hamilton

Several large investors have recently modified their holdings of the business. Janus Henderson Group PLC grew its stake in Booz Allen Hamilton by 26.4% in the 1st quarter. Janus Henderson Group PLC now owns 441,587 shares of the business services provider’s stock valued at $65,550,000 after buying an additional 92,122 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its stake in shares of Booz Allen Hamilton by 52.6% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 4,336 shares of the business services provider’s stock valued at $644,000 after purchasing an additional 1,495 shares during the period. California State Teachers Retirement System lifted its holdings in Booz Allen Hamilton by 1.4% during the 1st quarter. California State Teachers Retirement System now owns 215,991 shares of the business services provider’s stock worth $32,062,000 after purchasing an additional 2,909 shares in the last quarter. Tidal Investments LLC boosted its stake in Booz Allen Hamilton by 136.3% in the 1st quarter. Tidal Investments LLC now owns 10,300 shares of the business services provider’s stock worth $1,529,000 after purchasing an additional 5,942 shares during the period. Finally, Virtu Financial LLC grew its holdings in Booz Allen Hamilton by 354.0% during the 1st quarter. Virtu Financial LLC now owns 7,332 shares of the business services provider’s stock valued at $1,088,000 after buying an additional 5,717 shares in the last quarter. Hedge funds and other institutional investors 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.