Booz Allen Hamilton (NYSE:BAH) Price Target Lowered to $171.00 at Wells Fargo & Company

Booz Allen Hamilton (NYSE:BAH) had its price target decreased by Wells Fargo & Company from $177.00 to $171.00 in a report released on Wednesday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the business services provider’s stock.

Several other brokerages have also issued reports on BAH. The Goldman Sachs Group dropped their target price on shares of Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Jefferies Financial Group lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $180.00 to $190.00 in a research note on Monday, November 4th. JPMorgan Chase & Co. downgraded Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and raised their target price for the company from $154.00 to $158.00 in a research report on Wednesday, October 2nd. UBS Group assumed coverage on Booz Allen Hamilton in a research report on Monday, December 2nd. They set a “neutral” rating and a $159.00 price target for the company. Finally, Truist Financial decreased their price objective 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. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Booz Allen Hamilton presently has a consensus rating of “Hold” and a consensus target price of $161.78.

Booz Allen Hamilton Trading Up 0.4 %

Shares of NYSE:BAH opened at $129.77 on Wednesday. The business’s 50 day moving average price is $147.82 and its 200-day moving average price is $153.23. Booz Allen Hamilton has a 1 year low of $125.42 and a 1 year high of $190.59. The firm has a market capitalization of $16.58 billion, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 1.62 and a beta of 0.55. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.56 and a quick ratio of 1.56.

Booz Allen Hamilton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.04 annualized dividend and a dividend yield of 1.57%. Booz Allen Hamilton’s payout ratio is 32.03%.

Insider Activity at Booz Allen Hamilton

In other news, EVP Richard Crowe sold 4,243 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $165.00, for a total value of $700,095.00. Following the transaction, the executive vice president now owns 25,496 shares of the company’s stock, valued at $4,206,840. This represents a 14.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Matthew Calderone sold 4,065 shares of the firm’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 $670,725.00. Following the sale, the chief financial officer now directly owns 29,618 shares of the company’s stock, valued at $4,886,970. The trade was a 12.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.59% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Private Advisor Group LLC boosted its position in shares of Booz Allen Hamilton by 30.6% during the 2nd quarter. Private Advisor Group LLC now owns 7,598 shares of the business services provider’s stock worth $1,169,000 after purchasing an additional 1,782 shares during the period. Candriam S.C.A. grew its stake in shares of Booz Allen Hamilton by 14.9% in the second quarter. Candriam S.C.A. now owns 10,579 shares of the business services provider’s stock valued at $1,628,000 after buying an additional 1,373 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Booz Allen Hamilton in the 2nd quarter valued at $83,000. Prudential PLC lifted its stake in Booz Allen Hamilton by 112.3% during the 2nd quarter. Prudential PLC now owns 3,214 shares of the business services provider’s stock worth $495,000 after acquiring an additional 1,700 shares in the last quarter. Finally, Choreo LLC acquired a new position in Booz Allen Hamilton in the 2nd quarter valued at about $648,000. 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.