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

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

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

Booz Allen Hamilton Price Performance

BAH opened at $160.69 on Tuesday. 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 business has a fifty day moving average of $153.29 and a 200 day moving average of $151.70. Booz Allen Hamilton has a 52-week low of $114.69 and a 52-week high of $164.43. The stock has a market cap of $20.78 billion, a P/E ratio of 34.93, a PEG ratio of 2.30 and a beta of 0.59.

Booz Allen Hamilton (NYSE:BAH) last issued its 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 net margin of 5.57% and a return on equity of 65.80%. The company had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.92 billion. As a group, sell-side analysts anticipate that Booz Allen Hamilton will post 5.96 EPS for the current year.

Booz Allen Hamilton Announces Dividend

The company also recently declared 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. This represents a $2.04 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend was Wednesday, August 14th. Booz Allen Hamilton’s payout ratio is 44.35%.

Insider Transactions at Booz Allen Hamilton

In related news, CFO Matthew Calderone sold 3,865 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were 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 of the company’s stock, valued at $5,389,280. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CFO Matthew Calderone sold 3,865 shares of the company’s stock in a transaction 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 transaction, 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 document filed with the SEC, which is accessible through this hyperlink. Also, Director Melody C. Barnes sold 1,041 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $143.31, for a total value of $149,185.71. Following the completion of the sale, the director now directly owns 18,123 shares of the company’s stock, valued at $2,597,207.13. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.59% of the company’s stock.

Institutional Investors Weigh In On Booz Allen Hamilton

Large investors have recently modified their holdings of the business. First Horizon Advisors Inc. boosted its stake in Booz Allen Hamilton by 4.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,596 shares of the business services provider’s stock worth $246,000 after purchasing an additional 69 shares in the last quarter. X Square Capital LLC lifted its stake in shares of Booz Allen Hamilton by 0.7% during the second quarter. X Square Capital LLC now owns 10,509 shares of the business services provider’s stock worth $1,617,000 after buying an additional 72 shares during the period. CIBC Asset Management Inc grew its holdings in shares of Booz Allen Hamilton by 1.9% during the second quarter. CIBC Asset Management Inc now owns 4,448 shares of the business services provider’s stock valued at $685,000 after buying an additional 82 shares during the last quarter. Gulf International Bank UK Ltd increased its position in shares of Booz Allen Hamilton by 0.8% in the 1st quarter. Gulf International Bank UK Ltd now owns 10,838 shares of the business services provider’s stock valued at $1,608,000 after acquiring an additional 85 shares during the period. Finally, Benjamin F. Edwards & Company Inc. raised its stake in Booz Allen Hamilton by 0.5% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 17,990 shares of the business services provider’s stock worth $2,671,000 after acquiring an additional 93 shares during the last quarter. Hedge funds and other institutional investors 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.