Booz Allen Hamilton (NYSE:BAH) Stock Rating Lowered by StockNews.com

Booz Allen Hamilton (NYSE:BAH) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Several other research firms have also issued reports on BAH. Wells Fargo & Company lifted their target price on shares of Booz Allen Hamilton from $185.00 to $206.00 and gave the company an “overweight” rating in a report on Monday, October 28th. The Goldman Sachs Group boosted their price target on Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. TD Cowen dropped their price objective on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Monday, July 29th. JPMorgan Chase & Co. cut shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and upped their target price for the company from $154.00 to $158.00 in a research note on Wednesday, October 2nd. 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. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Booz Allen Hamilton has an average rating of “Hold” and an average price target of $180.63.

Booz Allen Hamilton Stock Down 2.9 %

Shares of NYSE:BAH opened at $179.95 on Thursday. The firm has a market capitalization of $22.99 billion, a P/E ratio of 28.25, a P/E/G ratio of 2.48 and a beta of 0.58. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.56 and a current ratio of 1.56. The stock has a 50 day moving average price of $163.57 and a 200-day moving average price of $155.76. Booz Allen Hamilton has a 52-week low of $122.59 and a 52-week high of $190.59.

Insider Activity

In related news, EVP Richard Crowe sold 4,243 shares of the business’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 transaction of $700,095.00. Following the completion of the sale, the executive vice president now directly owns 25,496 shares in the company, valued at approximately $4,206,840. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, EVP Richard Crowe sold 4,243 shares of Booz Allen Hamilton 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 transaction, the executive vice president now directly owns 25,496 shares of the company’s stock, valued at $4,206,840. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Matthew Calderone sold 3,865 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $160.00, for a total transaction of $618,400.00. Following the completion of the transaction, the chief financial officer now owns 33,683 shares of the company’s stock, valued at approximately $5,389,280. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,173 shares of company stock valued at $1,989,220 in the last quarter. 1.59% of the stock is currently owned by insiders.

Institutional Trading of Booz Allen Hamilton

Several institutional investors have recently made changes to their positions in the business. Oppenheimer & Co. Inc. boosted its stake in Booz Allen Hamilton by 3.3% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 1,822 shares of the business services provider’s stock worth $297,000 after purchasing an additional 59 shares during the period. First Horizon Advisors Inc. lifted its holdings in shares of Booz Allen Hamilton by 4.5% in the second quarter. First Horizon Advisors Inc. now owns 1,596 shares of the business services provider’s stock worth $246,000 after buying an additional 69 shares in the last quarter. X Square Capital LLC boosted its position in shares of Booz Allen Hamilton by 0.7% during the second quarter. X Square Capital LLC now owns 10,509 shares of the business services provider’s stock worth $1,617,000 after acquiring an additional 72 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in Booz Allen Hamilton by 13.0% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 685 shares of the business services provider’s stock valued at $111,000 after acquiring an additional 79 shares in the last quarter. Finally, CIBC Asset Management Inc grew its stake in Booz Allen Hamilton by 1.9% during the second quarter. CIBC Asset Management Inc now owns 4,448 shares of the business services provider’s stock valued at $685,000 after acquiring an additional 82 shares in the last quarter. Hedge funds and other institutional investors 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.