Booz Allen Hamilton (NYSE:BAH) Lifted to “Hold” at StockNews.com

Booz Allen Hamilton (NYSE:BAH) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Monday.

A number of other equities analysts have also recently commented on BAH. Truist Financial lifted their price objective on shares of Booz Allen Hamilton from $140.00 to $165.00 and gave the stock a “hold” rating in a research note on Thursday, September 5th. TD Cowen reduced their price objective 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. Barclays decreased their price objective 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. JPMorgan Chase & Co. cut Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and lifted their target price for the stock from $154.00 to $158.00 in a report on Wednesday, October 2nd. Finally, Wells Fargo & Company increased their price target on Booz Allen Hamilton from $165.00 to $185.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $170.75.

Booz Allen Hamilton Price Performance

Shares of BAH stock traded up $1.87 during trading hours on Monday, hitting $162.69. The stock had a trading volume of 577,611 shares, compared to its average volume of 668,094. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.55 and a quick ratio of 1.55. The stock has a market capitalization of $21.04 billion, a price-to-earnings ratio of 35.37, a PEG ratio of 2.33 and a beta of 0.59. Booz Allen Hamilton has a one year low of $114.69 and a one year high of $164.43. The stock’s 50-day moving average price is $155.46 and its two-hundred day moving average price is $152.34.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings data 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). The firm had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $2.92 billion. Booz Allen Hamilton had a return on equity of 65.80% and a net margin of 5.57%. Equities analysts forecast that Booz Allen Hamilton will post 5.97 EPS for the current year.

Insider Transactions at Booz Allen Hamilton

In related news, CFO Matthew Calderone sold 3,865 shares of Booz Allen Hamilton 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 completion of the sale, the chief financial officer now owns 33,683 shares in the company, valued at $5,389,280. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Melody C. Barnes sold 1,041 shares of the 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 transaction, the director now owns 18,123 shares of the company’s stock, valued at approximately $2,597,207.13. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Matthew Calderone sold 3,865 shares of Booz Allen Hamilton stock in a transaction dated 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 owns 33,683 shares of the company’s stock, valued at $5,389,280. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.59% of the company’s stock.

Hedge Funds Weigh In On Booz Allen Hamilton

Several institutional investors have recently bought and sold shares of BAH. Virtu Financial LLC bought a new stake in Booz Allen Hamilton during the fourth quarter valued at about $206,000. HighPoint Advisor Group LLC purchased a new stake in Booz Allen Hamilton during the fourth quarter valued at approximately $519,000. NBC Securities Inc. boosted its stake in Booz Allen Hamilton by 13.5% in the first quarter. NBC Securities Inc. now owns 7,143 shares of the business services provider’s stock valued at $1,161,000 after acquiring an additional 852 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in Booz Allen Hamilton in the first quarter worth $29,007,000. Finally, Carolina Wealth Advisors LLC increased its position in shares of Booz Allen Hamilton by 6.2% during the first quarter. Carolina Wealth Advisors LLC now owns 3,425 shares of the business services provider’s stock worth $508,000 after purchasing an additional 200 shares in the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.

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.