Wells Fargo & Company Raises Booz Allen Hamilton (NYSE:BAH) Price Target to $185.00

Booz Allen Hamilton (NYSE:BAH) had its target price boosted by Wells Fargo & Company from $165.00 to $185.00 in a research note issued to investors on Tuesday morning, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the business services provider’s stock.

Several other analysts also recently commented on BAH. Truist Financial upped their price target on shares of Booz Allen Hamilton from $140.00 to $165.00 and gave the company a hold rating in a research report on Thursday, September 5th. JPMorgan Chase & Co. increased their target price on shares of Booz Allen Hamilton from $136.00 to $154.00 and gave the stock a neutral rating in a research note on Wednesday, July 10th. Barclays lowered their price target on Booz Allen Hamilton from $153.00 to $142.00 and set an underweight rating on the stock in a report on Tuesday, July 30th. StockNews.com downgraded Booz Allen Hamilton from a hold rating to a sell rating in a research note on Wednesday, September 25th. Finally, TD Cowen lowered their target price on Booz Allen Hamilton from $185.00 to $165.00 and set a buy rating on the stock in a research note on Monday, July 29th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $166.00.

Booz Allen Hamilton Stock Performance

NYSE BAH opened at $160.96 on Tuesday. The company has a fifty day moving average of $152.73 and a two-hundred day moving average of $151.52. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.55 and a quick ratio of 1.55. Booz Allen Hamilton has a 1 year low of $114.43 and a 1 year high of $164.43. The company has a market capitalization of $20.82 billion, a PE ratio of 34.99, a P/E/G ratio of 2.30 and a beta of 0.59.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings results on Friday, July 26th. The business services provider reported $1.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.14). Booz Allen Hamilton had a return on equity of 65.80% and a net margin of 5.57%. The firm had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.92 billion. As a group, analysts expect that Booz Allen Hamilton will post 5.96 earnings per share for the current year.

Booz Allen Hamilton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $2.04 annualized dividend and a dividend yield of 1.27%. Booz Allen Hamilton’s payout ratio is currently 44.35%.

Insider Transactions at Booz Allen Hamilton

In related news, CFO Matthew Calderone sold 3,865 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $160.00, for a total transaction of $618,400.00. Following the sale, the chief financial officer now owns 33,683 shares of the company’s stock, valued at $5,389,280. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Melody C. Barnes sold 1,041 shares of Booz Allen Hamilton stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $143.31, for a total transaction of $149,185.71. Following the completion of the transaction, the director now directly owns 18,123 shares of the company’s stock, valued at $2,597,207.13. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 completion of the sale, the chief financial officer now directly owns 33,683 shares in the company, valued at approximately $5,389,280. The disclosure for this sale can be found here. Corporate insiders own 1.59% of the company’s stock.

Institutional Investors Weigh In On Booz Allen Hamilton

Institutional investors and hedge funds have recently made changes to their positions in the business. Opal Wealth Advisors LLC purchased a new position in Booz Allen Hamilton during the 2nd quarter valued at about $26,000. OFI Invest Asset Management acquired a new stake in shares of Booz Allen Hamilton in the second quarter valued at approximately $29,000. Banque Cantonale Vaudoise increased its stake in shares of Booz Allen Hamilton by 112.4% during the 1st quarter. Banque Cantonale Vaudoise now owns 206 shares of the business services provider’s stock worth $31,000 after purchasing an additional 109 shares in the last quarter. MCF Advisors LLC raised its position in shares of Booz Allen Hamilton by 103.6% during the 1st quarter. MCF Advisors LLC now owns 226 shares of the business services provider’s stock worth $34,000 after purchasing an additional 115 shares during the last quarter. Finally, Innealta Capital LLC purchased a new stake in Booz Allen Hamilton in the 2nd quarter valued at approximately $34,000. 91.82% of the stock is currently 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.