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

Booz Allen Hamilton (NYSE:BAH) had its price objective decreased by stock analysts at Wells Fargo & Company from $206.00 to $177.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the business services provider’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 20.03% from the company’s previous close.

A number of other research analysts have also recently weighed in on BAH. The Goldman Sachs Group boosted 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 report on Thursday, October 10th. TD Cowen decreased their price objective on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Monday, July 29th. Jefferies Financial Group cut Booz Allen Hamilton from a “buy” rating to a “hold” rating and upped their target price for the company from $180.00 to $190.00 in a research note on Monday, November 4th. Barclays raised their price target on Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. Finally, JPMorgan Chase & Co. downgraded Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and upped their price objective for the company from $154.00 to $158.00 in a research report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $173.25.

Booz Allen Hamilton Price Performance

NYSE:BAH opened at $147.46 on Tuesday. The business has a 50 day simple moving average of $164.73 and a 200-day simple moving average of $156.90. Booz Allen Hamilton has a 1 year low of $123.17 and a 1 year high of $190.59. The firm has a market capitalization of $18.84 billion, a price-to-earnings ratio of 23.15, a PEG ratio of 1.79 and a beta of 0.58. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.56 and a quick ratio of 1.56.

Insider Transactions at Booz Allen Hamilton

In related news, CFO Matthew Calderone sold 4,065 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total value of $670,725.00. Following the completion of the transaction, the chief financial officer now 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 sale, the executive vice president now owns 25,496 shares of the company’s stock, valued at approximately $4,206,840. This represents a 14.27 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,173 shares of company stock valued at $1,989,220. 1.59% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Tidal Investments LLC grew its position in shares of Booz Allen Hamilton by 17.7% in the 3rd quarter. Tidal Investments LLC now owns 13,165 shares of the business services provider’s stock worth $2,143,000 after buying an additional 1,979 shares during the last quarter. World Investment Advisors LLC boosted its stake in Booz Allen Hamilton by 26.1% in the third quarter. World Investment Advisors LLC now owns 6,719 shares of the business services provider’s stock valued at $1,094,000 after acquiring an additional 1,390 shares in the last quarter. Anchor Investment Management LLC grew its holdings in Booz Allen Hamilton by 865.7% in the third quarter. Anchor Investment Management LLC now owns 647 shares of the business services provider’s stock worth $105,000 after purchasing an additional 580 shares during the last quarter. Sunbelt Securities Inc. increased its position in shares of Booz Allen Hamilton by 41.8% during the third quarter. Sunbelt Securities Inc. now owns 1,358 shares of the business services provider’s stock worth $221,000 after purchasing an additional 400 shares in the last quarter. Finally, Toronto Dominion Bank lifted its holdings in shares of Booz Allen Hamilton by 29.6% during the 3rd quarter. Toronto Dominion Bank now owns 16,909 shares of the business services provider’s stock valued at $2,752,000 after purchasing an additional 3,863 shares during the last quarter. 91.82% of the stock is owned by 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.