Booz Allen Hamilton (NYSE:BAH) Given New $170.00 Price Target at Stifel Nicolaus

Booz Allen Hamilton (NYSE:BAH) had its price target boosted by Stifel Nicolaus from $155.00 to $170.00 in a research report sent to investors on Tuesday morning, Benzinga reports. They currently have a buy rating on the business services provider’s stock.

A number of other analysts have also recently weighed in on the stock. Truist Financial boosted their price objective on shares of Booz Allen Hamilton from $120.00 to $145.00 and gave the stock a hold rating in a research note on Monday, January 29th. Wells Fargo & Company boosted their price objective on shares of Booz Allen Hamilton from $138.00 to $158.00 and gave the stock an equal weight rating in a research note on Tuesday, January 30th. The Goldman Sachs Group boosted their price objective on shares of Booz Allen Hamilton from $141.00 to $158.00 and gave the stock a buy rating in a research note on Monday, January 29th. JPMorgan Chase & Co. upped their target price on shares of Booz Allen Hamilton from $120.00 to $136.00 and gave the company a neutral rating in a research note on Tuesday, February 6th. Finally, Jefferies Financial Group upped their target price on shares of Booz Allen Hamilton from $150.00 to $170.00 and gave the company a buy rating in a research note on Wednesday, April 10th. One 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. According to data from MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $148.44.

Booz Allen Hamilton Stock Performance

BAH stock opened at $158.51 on Tuesday. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 3.10. The company has a market capitalization of $20.57 billion, a price-to-earnings ratio of 51.13, a P/E/G ratio of 1.90 and a beta of 0.53. Booz Allen Hamilton has a 12 month low of $89.80 and a 12 month high of $164.43. The firm has a 50 day moving average of $147.84 and a two-hundred day moving average of $138.89.

Insider Activity

In other news, CEO Horacio Rozanski sold 34,571 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $154.15, for a total value of $5,329,119.65. Following the sale, the chief executive officer now owns 579,025 shares of the company’s stock, valued at approximately $89,256,703.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Richard Crowe sold 180 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $154.15, for a total value of $27,747.00. Following the sale, the executive vice president now owns 17,486 shares of the company’s stock, valued at approximately $2,695,466.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Horacio Rozanski sold 34,571 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $154.15, for a total transaction of $5,329,119.65. Following the sale, the chief executive officer now directly owns 579,025 shares in the company, valued at approximately $89,256,703.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 40,227 shares of company stock worth $6,189,532. 1.76% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Booz Allen Hamilton

A number of hedge funds have recently added to or reduced their stakes in BAH. Nisa Investment Advisors LLC grew its holdings in Booz Allen Hamilton by 35.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,258 shares of the business services provider’s stock worth $356,000 after acquiring an additional 858 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Booz Allen Hamilton by 2.3% in the 3rd quarter. Principal Financial Group Inc. now owns 38,129 shares of the business services provider’s stock valued at $4,166,000 after purchasing an additional 859 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Booz Allen Hamilton by 16.1% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,543 shares of the business services provider’s stock valued at $387,000 after purchasing an additional 491 shares during the last quarter. US Bancorp DE boosted its stake in shares of Booz Allen Hamilton by 4.0% in the 3rd quarter. US Bancorp DE now owns 110,930 shares of the business services provider’s stock valued at $12,122,000 after purchasing an additional 4,299 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its stake in shares of Booz Allen Hamilton by 4.2% in the 3rd quarter. Corient Private Wealth LLC now owns 404,187 shares of the business services provider’s stock valued at $44,165,000 after purchasing an additional 16,403 shares during the last quarter. 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 also focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.