Booz Allen Hamilton (NYSE:BAH) Price Target Lowered to $171.00 at Wells Fargo & Company

Booz Allen Hamilton (NYSE:BAH) had its price objective lowered by research analysts at Wells Fargo & Company from $177.00 to $171.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the business services provider’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 31.77% from the stock’s current price.

BAH has been the subject of a number of other reports. StockNews.com lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. 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. UBS Group started coverage on Booz Allen Hamilton in a report on Monday, December 2nd. They set a “neutral” rating and a $159.00 price objective on the stock. TD Cowen raised Booz Allen Hamilton to a “strong-buy” rating in a report on Thursday, December 19th. Finally, Truist Financial lowered their price target on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating on the stock in a report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $161.78.

Booz Allen Hamilton Price Performance

Shares of NYSE:BAH opened at $129.77 on Wednesday. The company has a 50-day moving average price of $146.75 and a two-hundred day moving average price of $153.07. Booz Allen Hamilton has a twelve month low of $125.42 and a twelve month high of $190.59. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 2.76. The firm has a market capitalization of $16.58 billion, a PE ratio of 20.37, a P/E/G ratio of 1.62 and a beta of 0.55.

Insiders Place Their Bets

In related news, EVP Richard Crowe sold 4,243 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was 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 of the company’s stock, valued at $4,206,840. This trade represents a 14.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Matthew Calderone sold 4,065 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total value of $670,725.00. Following the transaction, the chief financial officer now directly owns 29,618 shares of the company’s stock, valued at $4,886,970. The trade was a 12.07 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.59% of the company’s stock.

Hedge Funds Weigh In On Booz Allen Hamilton

Hedge funds have recently made changes to their positions in the business. Oppenheimer & Co. Inc. grew its stake in shares of Booz Allen Hamilton by 3.3% in the third quarter. Oppenheimer & Co. Inc. now owns 1,822 shares of the business services provider’s stock worth $297,000 after acquiring an additional 59 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Booz Allen Hamilton by 13.0% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 685 shares of the business services provider’s stock worth $111,000 after buying an additional 79 shares during the last quarter. Apollon Wealth Management LLC lifted its stake in shares of Booz Allen Hamilton by 5.5% in the third quarter. Apollon Wealth Management LLC now owns 1,663 shares of the business services provider’s stock worth $271,000 after buying an additional 86 shares in the last quarter. AIA Group Ltd lifted its stake in shares of Booz Allen Hamilton by 0.9% in the third quarter. AIA Group Ltd now owns 11,600 shares of the business services provider’s stock worth $1,888,000 after buying an additional 100 shares in the last quarter. Finally, Strategic Blueprint LLC grew its holdings in shares of Booz Allen Hamilton by 7.6% during the third quarter. Strategic Blueprint LLC now owns 1,647 shares of the business services provider’s stock valued at $268,000 after buying an additional 116 shares during the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.

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.