Booz Allen Hamilton (NYSE:BAH) Given New $155.00 Price Target at TD Cowen

Booz Allen Hamilton (NYSE:BAH) had its price objective trimmed by TD Cowen from $200.00 to $155.00 in a research report report published on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the business services provider’s stock.

A number of other analysts have also issued reports on the company. Wells Fargo & Company reduced their target price on Booz Allen Hamilton from $177.00 to $171.00 and set an “overweight” rating for the company in a report on Wednesday. JPMorgan Chase & Co. lowered Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and raised their price objective for the stock from $154.00 to $158.00 in a research report on Wednesday, October 2nd. 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. Truist Financial dropped their target price on Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating on the stock in a research report on Friday, November 22nd. Finally, Jefferies Financial Group lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and lifted their price objective for the company from $180.00 to $190.00 in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Booz Allen Hamilton currently has an average rating of “Hold” and an average price target of $161.78.

Booz Allen Hamilton Price Performance

BAH stock opened at $129.77 on Wednesday. The firm has a 50-day moving average of $147.82 and a two-hundred day moving average of $153.23. 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. 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 one year low of $125.42 and a one year high of $190.59.

Booz Allen Hamilton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Friday, November 15th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend was Friday, November 15th. Booz Allen Hamilton’s payout ratio is presently 32.03%.

Insider Activity at Booz Allen Hamilton

In other news, CFO Matthew Calderone sold 4,065 shares of the firm’s stock in a transaction dated 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 directly owns 29,618 shares of the company’s stock, valued at approximately $4,886,970. This trade represents a 12.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Richard Crowe sold 4,243 shares of the stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $165.00, for a total transaction of $700,095.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Corporate insiders own 1.59% of the company’s stock.

Institutional Investors Weigh In On Booz Allen Hamilton

Hedge funds have recently made changes to their positions in the company. AGF Management Ltd. raised its stake in shares of Booz Allen Hamilton by 63.4% in the second quarter. AGF Management Ltd. now owns 1,750,610 shares of the business services provider’s stock valued at $269,419,000 after acquiring an additional 679,280 shares during the last quarter. Westfield Capital Management Co. LP bought a new position in Booz Allen Hamilton in the 3rd quarter valued at $48,349,000. Caisse DE Depot ET Placement DU Quebec boosted its stake in Booz Allen Hamilton by 28.5% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,288,101 shares of the business services provider’s stock worth $209,651,000 after purchasing an additional 285,621 shares in the last quarter. FMR LLC grew its holdings in shares of Booz Allen Hamilton by 111.6% during the third quarter. FMR LLC now owns 356,828 shares of the business services provider’s stock worth $58,077,000 after purchasing an additional 188,185 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Booz Allen Hamilton by 91.6% in the second quarter. Millennium Management LLC now owns 367,645 shares of the business services provider’s stock valued at $56,581,000 after buying an additional 175,795 shares during the last quarter. Institutional investors and hedge funds 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.