UBS Group Initiates Coverage on Booz Allen Hamilton (NYSE:BAH)

Stock analysts at UBS Group assumed coverage on shares of Booz Allen Hamilton (NYSE:BAH) in a research note issued on Monday, MarketBeat Ratings reports. The firm set a “neutral” rating and a $159.00 price target on the business services provider’s stock. UBS Group’s target price would indicate a potential upside of 8.86% from the stock’s current price.

BAH has been the subject of several other reports. JPMorgan Chase & Co. cut Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and lifted their price target for the company from $154.00 to $158.00 in a research report on Wednesday, October 2nd. Truist Financial dropped their target price on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating on the stock in a research note on Friday, November 22nd. The Goldman Sachs Group increased their target price on Booz Allen Hamilton from $174.00 to $196.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Jefferies Financial Group downgraded shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and raised their price objective for the company from $180.00 to $190.00 in a research report on Monday, November 4th. Finally, StockNews.com cut Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Booz Allen Hamilton has a consensus rating of “Hold” and a consensus price target of $171.67.

Booz Allen Hamilton Trading Down 1.8 %

NYSE BAH opened at $146.06 on Monday. Booz Allen Hamilton has a 12 month low of $123.17 and a 12 month high of $190.59. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 2.76. The firm has a market capitalization of $18.66 billion, a PE ratio of 22.93, a price-to-earnings-growth ratio of 1.79 and a beta of 0.52. The business’s 50-day moving average price is $163.36 and its two-hundred day moving average price is $156.67.

Insider Buying and Selling at Booz Allen Hamilton

In related news, EVP Richard Crowe sold 4,243 shares of the business’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. The trade was a 14.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 transaction of $618,400.00. Following the sale, the chief financial officer now owns 33,683 shares of the company’s stock, valued at approximately $5,389,280. This represents a 10.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,173 shares of company stock worth $1,989,220. Corporate insiders own 1.59% of the company’s stock.

Hedge Funds Weigh In On Booz Allen Hamilton

A number of institutional investors and hedge funds have recently made changes to their positions in BAH. Franklin Resources Inc. increased its holdings in Booz Allen Hamilton by 9.1% in the third quarter. Franklin Resources Inc. now owns 87,607 shares of the business services provider’s stock valued at $14,249,000 after buying an additional 7,271 shares during the last quarter. Tidal Investments LLC raised its stake in Booz Allen Hamilton by 17.7% during the 3rd quarter. Tidal Investments LLC now owns 13,165 shares of the business services provider’s stock worth $2,143,000 after acquiring an additional 1,979 shares in the last quarter. World Investment Advisors LLC lifted its position 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 during the last quarter. Anchor Investment Management LLC grew its holdings in shares of Booz Allen Hamilton by 865.7% during 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. Finally, Sunbelt Securities Inc. boosted its position in shares of Booz Allen Hamilton by 41.8% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,358 shares of the business services provider’s stock valued at $221,000 after purchasing an additional 400 shares during the period. 91.82% of the stock is owned by institutional investors and hedge funds.

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.