Booz Allen Hamilton (NYSE:BAH – Get Rating) had its price target lifted by Morgan Stanley from $100.00 to $105.00 in a research report issued to clients and investors on Tuesday, The Fly reports. Morgan Stanley’s price target indicates a potential upside of 9.60% from the stock’s current price.
Several other research firms have also issued reports on BAH. Cowen lowered their price target on Booz Allen Hamilton from $109.00 to $103.00 and set an “outperform” rating for the company in a research report on Tuesday, June 14th. Cowen decreased their target price on Booz Allen Hamilton from $109.00 to $103.00 in a research report on Tuesday, June 14th. Truist Financial boosted their target price on Booz Allen Hamilton from $80.00 to $100.00 and gave the stock a “hold” rating in a research report on Monday. Wells Fargo & Company boosted their target price on Booz Allen Hamilton from $98.00 to $100.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, StockNews.com downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Monday. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $99.00.
Booz Allen Hamilton Stock Performance
Shares of Booz Allen Hamilton stock opened at $95.80 on Tuesday. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 2.61. The firm has a market capitalization of $12.67 billion, a P/E ratio of 25.21, a P/E/G ratio of 2.80 and a beta of 0.64. The business has a fifty day simple moving average of $88.82 and a two-hundred day simple moving average of $84.96. Booz Allen Hamilton has a 12 month low of $69.68 and a 12 month high of $97.93.
Booz Allen Hamilton (NYSE:BAH – Get Rating) last announced its quarterly earnings data on Friday, July 29th. The business services provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.06 by $0.07. The business had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.19 billion. Booz Allen Hamilton had a return on equity of 54.25% and a net margin of 5.95%. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.07 earnings per share. On average, equities analysts forecast that Booz Allen Hamilton will post 4.35 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, COO Kristine Anderson sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $95.01, for a total transaction of $475,050.00. Following the sale, the chief operating officer now directly owns 63,948 shares of the company’s stock, valued at approximately $6,075,699.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, COO Kristine Anderson sold 5,000 shares of the stock in a transaction on Monday, July 25th. The stock was sold at an average price of $95.01, for a total transaction of $475,050.00. Following the sale, the chief operating officer now owns 63,948 shares in the company, valued at approximately $6,075,699.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Susan L. Penfield sold 12,209 shares of the stock in a transaction on Monday, July 25th. The shares were sold at an average price of $95.00, for a total value of $1,159,855.00. Following the sale, the executive vice president now owns 9,969 shares in the company, valued at approximately $947,055. The disclosure for this sale can be found here. In the last three months, insiders have sold 272,586 shares of company stock valued at $24,106,503. Corporate insiders own 2.23% of the company’s stock.
Hedge Funds Weigh In On Booz Allen Hamilton
Hedge funds have recently bought and sold shares of the business. First Horizon Advisors Inc. grew its position in Booz Allen Hamilton by 73.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 346 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 147 shares during the last quarter. Quent Capital LLC grew its position in Booz Allen Hamilton by 60.7% in the 1st quarter. Quent Capital LLC now owns 532 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 201 shares during the last quarter. Capital Advisors Ltd. LLC grew its position in Booz Allen Hamilton by 89.0% in the 1st quarter. Capital Advisors Ltd. LLC now owns 858 shares of the business services provider’s stock valued at $75,000 after acquiring an additional 404 shares during the last quarter. Covestor Ltd bought a new position in shares of Booz Allen Hamilton during the 4th quarter worth $78,000. Finally, Carolinas Wealth Consulting LLC increased its stake in shares of Booz Allen Hamilton by 25.0% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 1,000 shares of the business services provider’s stock valued at $85,000 after buying an additional 200 shares during the period. Institutional investors own 90.44% 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. The company offers consulting solutions for various domains, business strategies, human capital, and operations.