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

Booz Allen Hamilton (NYSE:BAH) had its price target cut by equities research analysts at Wells Fargo & Company from $177.00 to $171.00 in a report released on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the business services provider’s stock. Wells Fargo & Company‘s target price points to a potential upside of 33.88% from the stock’s previous close.

BAH has been the topic of several other research reports. TD Cowen raised shares of Booz Allen Hamilton to a “strong-buy” rating in a report on Thursday, December 19th. The Goldman Sachs Group decreased their price target on shares of Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Barclays upgraded Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price objective for the company in a research report on Monday. Jefferies Financial Group cut Booz Allen Hamilton from a “buy” rating to a “hold” rating and lifted their target price for the stock from $180.00 to $190.00 in a report on Monday, November 4th. Finally, UBS Group initiated coverage on Booz Allen Hamilton in a research note on Monday, December 2nd. They set a “neutral” rating and a $159.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $162.89.

Booz Allen Hamilton Stock Performance

Shares of BAH stock traded down $1.51 during trading hours on Wednesday, reaching $127.73. 231,083 shares of the company traded hands, compared to its average volume of 1,408,514. The firm has a 50-day moving average price of $147.82 and a 200 day moving average price of $153.23. The company has a market cap of $16.32 billion, a P/E ratio of 20.05, a P/E/G 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 has a 12-month low of $125.42 and a 12-month high of $190.59.

Insider Transactions at Booz Allen Hamilton

In other news, EVP Richard Crowe sold 4,243 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were 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 14.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Matthew Calderone sold 4,065 shares of Booz Allen Hamilton stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $165.00, for a total transaction of $670,725.00. Following the completion of the transaction, the chief financial officer now directly owns 29,618 shares in the company, valued at approximately $4,886,970. The trade was a 12.07 % decrease in their position. 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

Several institutional investors have recently added to or reduced their stakes in the business. Cumberland Partners Ltd lifted its position in Booz Allen Hamilton by 39.5% during the 3rd quarter. Cumberland Partners Ltd now owns 51,675 shares of the business services provider’s stock worth $8,411,000 after acquiring an additional 14,620 shares during the period. Toronto Dominion Bank lifted its holdings in shares of Booz Allen Hamilton by 29.6% during the third quarter. Toronto Dominion Bank now owns 16,909 shares of the business services provider’s stock worth $2,752,000 after purchasing an additional 3,863 shares during the period. Eagle Asset Management Inc. boosted its position in Booz Allen Hamilton by 3.6% in the third quarter. Eagle Asset Management Inc. now owns 957,300 shares of the business services provider’s stock valued at $155,810,000 after buying an additional 32,897 shares during the last quarter. Stifel Financial Corp increased its holdings in Booz Allen Hamilton by 23.5% in the 3rd quarter. Stifel Financial Corp now owns 119,072 shares of the business services provider’s stock worth $19,381,000 after buying an additional 22,690 shares during the period. Finally, Zacks Investment Management purchased a new position in Booz Allen Hamilton during the 3rd quarter worth approximately $15,152,000. Institutional investors and hedge funds 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.