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

Booz Allen Hamilton (NYSE:BAH) had its price target lowered by equities research analysts at Wells Fargo & Company from $206.00 to $177.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the business services provider’s stock. Wells Fargo & Company‘s target price points to a potential upside of 20.03% from the stock’s previous close.

BAH has been the subject of a number of other research reports. The Goldman Sachs Group upped their price objective on Booz Allen Hamilton from $174.00 to $196.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. cut shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and increased their price objective for the stock from $154.00 to $158.00 in a research note on Wednesday, October 2nd. TD Cowen cut their target price on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Monday, July 29th. Jefferies Financial Group downgraded shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and increased their price target for the stock from $180.00 to $190.00 in a research report on Monday, November 4th. Finally, Barclays lifted their price target on shares of Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $173.25.

Booz Allen Hamilton Trading Down 1.2 %

NYSE:BAH opened at $147.46 on Tuesday. The company has a 50 day simple moving average of $164.73 and a two-hundred day simple moving average of $156.90. The company has a market cap of $18.84 billion, a PE ratio of 23.15, a price-to-earnings-growth ratio of 1.79 and a beta of 0.58. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 2.76. Booz Allen Hamilton has a 12 month low of $123.17 and a 12 month high of $190.59.

Insider Activity at Booz Allen Hamilton

In related news, CFO Matthew Calderone sold 4,065 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were 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 owns 29,618 shares in the company, valued at approximately $4,886,970. This represents a 12.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Richard Crowe sold 4,243 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total transaction of $700,095.00. Following the transaction, the executive vice president now directly owns 25,496 shares of the company’s stock, valued at $4,206,840. The trade was a 14.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,173 shares of company stock worth $1,989,220. 1.59% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BAH. Opal Wealth Advisors LLC purchased a new stake in shares of Booz Allen Hamilton in the second quarter worth about $26,000. OFI Invest Asset Management purchased a new stake in shares of Booz Allen Hamilton during the 2nd quarter worth approximately $29,000. Peterson Financial Group Inc. bought a new position in shares of Booz Allen Hamilton during the 3rd quarter valued at approximately $31,000. Innealta Capital LLC purchased a new position in shares of Booz Allen Hamilton in the second quarter valued at $34,000. Finally, Gilliland Jeter Wealth Management LLC bought a new stake in Booz Allen Hamilton in the third quarter worth $45,000. Institutional investors own 91.82% of the company’s stock.

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.