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

Booz Allen Hamilton (NYSE:BAH) had its target price upped by Wells Fargo & Company from $185.00 to $206.00 in a research report sent to investors on Monday morning, Benzinga reports. The firm currently has an overweight rating on the business services provider’s stock.

A number of other research firms have also recently weighed in on BAH. JPMorgan Chase & Co. cut Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and raised their price target for the company from $154.00 to $158.00 in a research note on Wednesday, October 2nd. Truist Financial raised their target price on Booz Allen Hamilton from $165.00 to $185.00 and gave the stock a “hold” rating in a research report on Monday. StockNews.com downgraded Booz Allen Hamilton from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. Barclays cut their price objective on shares of Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating on the stock in a report on Tuesday, July 30th. Finally, TD Cowen lowered their target price on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a report on Monday, July 29th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $180.00.

Booz Allen Hamilton Trading Down 1.0 %

NYSE BAH opened at $181.73 on Monday. Booz Allen Hamilton has a 52 week low of $118.07 and a 52 week high of $189.13. The firm has a 50 day moving average of $160.83 and a two-hundred day moving average of $154.33. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 3.07. The stock has a market capitalization of $23.48 billion, a PE ratio of 39.51, a price-to-earnings-growth ratio of 2.33 and a beta of 0.59.

Booz Allen Hamilton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Friday, November 15th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Friday, November 15th. Booz Allen Hamilton’s dividend payout ratio is currently 44.35%.

Insiders Place Their Bets

In other news, CFO Matthew Calderone sold 3,865 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $160.00, for a total value of $618,400.00. Following the completion of the sale, the chief financial officer now directly owns 33,683 shares of the company’s stock, valued at approximately $5,389,280. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Matthew Calderone sold 3,865 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $160.00, for a total transaction of $618,400.00. Following the completion of the sale, the chief financial officer now owns 33,683 shares in the company, valued at $5,389,280. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Richard Crowe sold 4,243 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 value of $700,095.00. Following the sale, the executive vice president now directly 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 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. Insiders own 1.59% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BAH. Sumitomo Mitsui Trust Holdings Inc. increased its position in Booz Allen Hamilton by 6.8% during 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 purchasing an additional 18,815 shares during the period. Mediolanum International Funds Ltd purchased a new position in Booz Allen Hamilton in the first quarter worth $2,044,000. Cetera Investment Advisers lifted 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 valued at $4,248,000 after acquiring an additional 16,815 shares during the period. Sei Investments Co. grew its stake in shares of Booz Allen Hamilton by 47.4% during the 1st quarter. Sei Investments Co. now owns 168,377 shares of the business services provider’s stock worth $24,995,000 after purchasing an additional 54,180 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its holdings in shares of 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 valued at $22,266,000 after purchasing an additional 4,264 shares in the last quarter. 91.82% of the stock is owned by hedge funds and other 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.