The Goldman Sachs Group Issues Pessimistic Forecast for Booz Allen Hamilton (NYSE:BAH) Stock Price

Booz Allen Hamilton (NYSE:BAH) had its target price cut by The Goldman Sachs Group from $210.00 to $158.00 in a report issued on Thursday morning,Benzinga reports. They currently have a buy rating on the business services provider’s stock.

Several other analysts have also recently weighed in on BAH. Jefferies Financial Group cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and raised their price objective for the company from $180.00 to $190.00 in a research report on Monday, November 4th. Barclays upped their price objective on Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. StockNews.com cut Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. UBS Group started coverage on Booz Allen Hamilton in a research note on Monday, December 2nd. They issued a “neutral” rating and a $159.00 target price for the company. Finally, JPMorgan Chase & Co. lowered shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and increased their target price for the company from $154.00 to $158.00 in a report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Booz Allen Hamilton presently has an average rating of “Hold” and an average target price of $167.44.

Booz Allen Hamilton Stock Down 0.8 %

BAH stock opened at $134.46 on Thursday. The company’s 50 day moving average is $159.96 and its 200 day moving average is $155.81. The stock has a market cap of $17.18 billion, a price-to-earnings ratio of 21.11, a price-to-earnings-growth ratio of 1.62 and a beta of 0.52. 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 $123.17 and a 1-year high of $190.59.

Booz Allen Hamilton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.04 annualized dividend and a yield of 1.52%. Booz Allen Hamilton’s payout ratio is 32.03%.

Insider Transactions at Booz Allen Hamilton

In other news, CFO Matthew Calderone sold 3,865 shares of Booz Allen Hamilton stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $160.00, for a total value 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 $5,389,280. The trade was a 10.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Richard Crowe sold 4,243 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $165.00, for a total transaction of $700,095.00. Following the sale, the executive vice president now directly owns 25,496 shares in the company, valued at $4,206,840. This trade represents a 14.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,173 shares of company stock valued at $1,989,220. Corporate insiders own 1.59% of the company’s stock.

Institutional Trading of Booz Allen Hamilton

Institutional investors and hedge funds have recently modified their holdings of the business. Sequoia Financial Advisors LLC lifted its stake in Booz Allen Hamilton by 9.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,850 shares of the business services provider’s stock valued at $285,000 after acquiring an additional 166 shares during the period. Assenagon Asset Management S.A. purchased a new stake in Booz Allen Hamilton during the second quarter valued at $202,000. Miracle Mile Advisors LLC bought a new position in Booz Allen Hamilton in the second quarter valued at about $268,000. Blue Trust Inc. boosted its position in Booz Allen Hamilton by 14.1% in the second quarter. Blue Trust Inc. now owns 2,057 shares of the business services provider’s stock worth $305,000 after purchasing an additional 254 shares during the last quarter. Finally, Everpar Advisors LLC bought a new stake in shares of Booz Allen Hamilton during the 2nd quarter valued at $207,000. Institutional investors own 91.82% of the company’s stock.

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.