Booz Allen Hamilton (NYSE:BAH) PT Raised to $154.00 at JPMorgan Chase & Co.

Booz Allen Hamilton (NYSE:BAH) had its price target upped by equities research analysts at JPMorgan Chase & Co. from $136.00 to $154.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential downside of 1.88% from the stock’s previous close.

Several other equities research analysts also recently weighed in on BAH. Wells Fargo & Company raised their price target on Booz Allen Hamilton from $158.00 to $169.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 28th. Barclays raised their price target on Booz Allen Hamilton from $135.00 to $153.00 and gave the stock an “underweight” rating in a report on Wednesday, May 29th. Stifel Nicolaus lifted their target price on Booz Allen Hamilton from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Truist Financial lifted their target price on Booz Allen Hamilton from $145.00 to $160.00 and gave the stock a “hold” rating in a report on Tuesday, May 28th. Finally, TD Cowen lifted their target price on Booz Allen Hamilton from $158.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Booz Allen Hamilton has a consensus rating of “Hold” and a consensus price target of $161.78.

Booz Allen Hamilton Price Performance

BAH opened at $156.95 on Wednesday. The business’s 50-day moving average is $153.31 and its two-hundred day moving average is $145.28. Booz Allen Hamilton has a 1 year low of $106.90 and a 1 year high of $164.43. The company has a debt-to-equity ratio of 3.20, a current ratio of 1.62 and a quick ratio of 1.62. The firm has a market capitalization of $20.30 billion, a PE ratio of 34.12, a price-to-earnings-growth ratio of 1.82 and a beta of 0.57.

Booz Allen Hamilton (NYSE:BAH) last posted its earnings results on Friday, May 24th. The business services provider reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.10. The company had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.71 billion. Booz Allen Hamilton had a return on equity of 68.12% and a net margin of 5.68%. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.01 earnings per share. Research analysts anticipate that Booz Allen Hamilton will post 6.04 earnings per share for the current fiscal year.

Insider Buying and Selling at Booz Allen Hamilton

In other news, CFO Matthew Calderone sold 332 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $154.15, for a total value of $51,177.80. Following the completion of the sale, the chief financial officer now directly owns 23,438 shares in the company, valued at $3,612,967.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Richard Crowe sold 1,006 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $151.96, for a total value of $152,871.76. Following the completion of the sale, the executive vice president now directly owns 29,739 shares in the company, valued at $4,519,138.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Matthew Calderone sold 332 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $154.15, for a total value of $51,177.80. Following the completion of the sale, the chief financial officer now owns 23,438 shares of the company’s stock, valued at $3,612,967.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 58,255 shares of company stock valued at $8,970,026. 1.59% of the stock is owned by company insiders.

Institutional Trading of Booz Allen Hamilton

Several large investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its position in shares of Booz Allen Hamilton by 2.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,406,880 shares of the business services provider’s stock worth $1,544,798,000 after purchasing an additional 222,884 shares in the last quarter. WCM Investment Management LLC increased its position in shares of Booz Allen Hamilton by 0.5% during the first quarter. WCM Investment Management LLC now owns 4,252,168 shares of the business services provider’s stock worth $631,192,000 after purchasing an additional 22,708 shares in the last quarter. Norges Bank purchased a new stake in shares of Booz Allen Hamilton during the fourth quarter worth approximately $188,129,000. American Century Companies Inc. increased its position in shares of Booz Allen Hamilton by 4.8% during the third quarter. American Century Companies Inc. now owns 1,348,176 shares of the business services provider’s stock worth $147,315,000 after purchasing an additional 62,357 shares in the last quarter. Finally, Axiom Investors LLC DE boosted its stake in Booz Allen Hamilton by 9.4% during the fourth quarter. Axiom Investors LLC DE now owns 1,185,362 shares of the business services provider’s stock worth $151,620,000 after buying an additional 102,062 shares during the last quarter. 91.82% of the stock is currently owned by hedge funds and other 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 also focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.