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

Booz Allen Hamilton (NYSE:BAH) had its price target cut by Wells Fargo & Company from $177.00 to $171.00 in a report published on Wednesday morning,Benzinga reports. They currently have an overweight rating on the business services provider’s stock.

Other analysts have also issued reports about the company. The Goldman Sachs Group decreased their price objective on Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. TD Cowen upgraded Booz Allen Hamilton to a “strong-buy” rating in a research report on Thursday, December 19th. JPMorgan Chase & Co. lowered shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and raised their price objective for the company from $154.00 to $158.00 in a research report on Wednesday, October 2nd. StockNews.com lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. Finally, Jefferies Financial Group downgraded shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and raised their price target for the company from $180.00 to $190.00 in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Booz Allen Hamilton presently has a consensus rating of “Hold” and an average price target of $161.78.

Booz Allen Hamilton Stock Up 2.1 %

Booz Allen Hamilton stock opened at $132.76 on Wednesday. The firm has a 50 day simple moving average of $145.71 and a 200 day simple moving average of $152.91. 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 1-year low of $125.58 and a 1-year high of $190.59. The firm has a market capitalization of $16.96 billion, a price-to-earnings ratio of 20.84, a P/E/G ratio of 1.62 and a beta of 0.55.

Booz Allen Hamilton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.54%. The ex-dividend date was Friday, November 15th. Booz Allen Hamilton’s dividend payout ratio (DPR) is currently 32.03%.

Insider Transactions at Booz Allen Hamilton

In other Booz Allen Hamilton news, EVP Richard Crowe sold 4,243 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was 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 of the company’s stock, valued at $4,206,840. This represents a 14.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Matthew Calderone sold 4,065 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 29,618 shares in the company, valued at $4,886,970. The trade was a 12.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.59% of the stock is currently owned by insiders.

Institutional Trading of Booz Allen Hamilton

Hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its holdings in shares of Booz Allen Hamilton by 2.5% in the third quarter. Geode Capital Management LLC now owns 2,341,533 shares of the business services provider’s stock worth $381,898,000 after buying an additional 58,038 shares during the period. AGF Management Ltd. increased its stake in Booz Allen Hamilton by 63.4% in the 2nd quarter. AGF Management Ltd. now owns 1,750,610 shares of the business services provider’s stock worth $269,419,000 after purchasing an additional 679,280 shares during the period. American Century Companies Inc. lifted its position in Booz Allen Hamilton by 6.1% in the second quarter. American Century Companies Inc. now owns 1,672,961 shares of the business services provider’s stock valued at $257,469,000 after purchasing an additional 96,553 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Booz Allen Hamilton by 28.5% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,288,101 shares of the business services provider’s stock valued at $209,651,000 after purchasing an additional 285,621 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Booz Allen Hamilton by 10.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,021,239 shares of the business services provider’s stock worth $157,184,000 after purchasing an additional 93,544 shares during the last quarter. 91.82% of the stock is owned by institutional investors.

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.