Booz Allen Hamilton (NYSE:BAH) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

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

Several other analysts have also commented on BAH. TD Cowen decreased their price target on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Monday, July 29th. JPMorgan Chase & Co. cut shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and increased their target price for the company from $154.00 to $158.00 in a research report on Wednesday, October 2nd. Truist Financial lifted their price target on shares of Booz Allen Hamilton from $165.00 to $185.00 and gave the stock a “hold” rating in a report on Monday. The Goldman Sachs Group increased their price objective on Booz Allen Hamilton from $174.00 to $196.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, Barclays dropped their target price on Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating on the stock in a research note on Tuesday, July 30th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Booz Allen Hamilton has a consensus rating of “Hold” and a consensus target price of $180.00.

View Our Latest Report on BAH

Booz Allen Hamilton Trading Down 0.4 %

NYSE:BAH opened at $183.49 on Monday. The company has a debt-to-equity ratio of 3.07, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a 50-day simple moving average of $160.24 and a 200-day simple moving average of $154.13. Booz Allen Hamilton has a one year low of $118.07 and a one year high of $189.13. The firm has a market cap of $23.71 billion, a P/E ratio of 39.95, a P/E/G ratio of 2.33 and a beta of 0.59.

Booz Allen Hamilton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Friday, November 15th will be given a $0.51 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a yield of 1.11%. Booz Allen Hamilton’s dividend payout ratio is currently 44.35%.

Insider Buying and Selling

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 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Matthew Calderone sold 3,865 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $160.00, for a total value of $618,400.00. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Richard Crowe sold 4,243 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 $700,095.00. Following the sale, the executive vice president now directly owns 25,496 shares in the company, valued at approximately $4,206,840. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,173 shares of company stock worth $1,989,220. 1.59% of the stock is owned by company insiders.

Institutional Trading of Booz Allen Hamilton

A number of hedge funds have recently added to or reduced their stakes in BAH. Price T Rowe Associates Inc. MD increased its holdings in Booz Allen Hamilton by 2.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,406,880 shares of the business services provider’s stock valued at $1,544,798,000 after buying an additional 222,884 shares in the last quarter. AGF Management Ltd. boosted its position in Booz Allen Hamilton by 63.4% during the second quarter. AGF Management Ltd. now owns 1,750,610 shares of the business services provider’s stock worth $269,419,000 after purchasing an additional 679,280 shares in the last quarter. American Century Companies Inc. boosted its position in Booz Allen Hamilton by 6.1% during the second quarter. American Century Companies Inc. now owns 1,672,961 shares of the business services provider’s stock worth $257,469,000 after purchasing an additional 96,553 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Booz Allen Hamilton by 1.9% in the first quarter. Bessemer Group Inc. now owns 1,178,784 shares of the business services provider’s stock valued at $174,978,000 after buying an additional 22,545 shares in the last quarter. Finally, Captrust Financial Advisors raised its stake in shares of Booz Allen Hamilton by 29.4% during the 1st quarter. Captrust Financial Advisors now owns 1,076,130 shares of the business services provider’s stock worth $159,741,000 after buying an additional 244,391 shares during the period. 91.82% of the stock is owned by hedge funds and other institutional investors.

Booz Allen Hamilton Company Profile

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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.

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Analyst Recommendations for Booz Allen Hamilton (NYSE:BAH)

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