Booz Allen Hamilton (NYSE:BAH) Price Target Lowered to $158.00 at The Goldman Sachs Group

Booz Allen Hamilton (NYSE:BAH) had its price target dropped by equities research analysts at The Goldman Sachs Group from $210.00 to $158.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. The Goldman Sachs Group’s price target points to a potential upside of 17.58% from the company’s previous close.

Several other analysts have also recently commented on BAH. Truist Financial dropped their price target on Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a research report on Friday, November 22nd. Jefferies Financial Group lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and upped their target price for the stock from $180.00 to $190.00 in a report on Monday, November 4th. UBS Group initiated coverage on shares of Booz Allen Hamilton in a research report on Monday, December 2nd. They issued a “neutral” rating and a $159.00 target price for the company. StockNews.com lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. Finally, Barclays increased their price objective on shares of Booz Allen Hamilton from $142.00 to $175.00 and gave the company an “underweight” rating in a report on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $167.44.

Booz Allen Hamilton Price Performance

NYSE:BAH opened at $134.38 on Thursday. The stock has a 50 day moving average of $159.96 and a two-hundred day moving average of $155.81. Booz Allen Hamilton has a 12 month low of $123.17 and a 12 month high of $190.59. The firm has a market cap of $17.17 billion, a P/E ratio of 21.10, a price-to-earnings-growth ratio of 1.62 and a beta of 0.52. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 2.76.

Insider Transactions at Booz Allen Hamilton

In other Booz Allen Hamilton news, CFO Matthew Calderone sold 3,865 shares of the firm’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 completion of the sale, the chief financial officer now owns 33,683 shares of the company’s stock, valued at $5,389,280. This trade represents a 10.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Richard Crowe sold 4,243 shares of Booz Allen Hamilton stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total value of $700,095.00. Following the completion of the sale, the executive vice president now owns 25,496 shares in the company, valued at $4,206,840. This represents a 14.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,173 shares of company stock worth $1,989,220 in the last 90 days. Insiders own 1.59% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Cumberland Partners Ltd lifted its holdings in shares of Booz Allen Hamilton by 39.5% in 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 last quarter. Eagle Asset Management Inc. raised 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 purchasing an additional 32,897 shares during the period. Zacks Investment Management acquired a new position in Booz Allen Hamilton during the third quarter worth $15,152,000. Stifel Financial Corp boosted its position in shares of Booz Allen Hamilton by 23.5% during the third 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, CreativeOne Wealth LLC acquired a new stake in shares of Booz Allen Hamilton in the third quarter valued at $1,261,000. 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.