Jefferies Financial Group Downgrades Booz Allen Hamilton (NYSE:BAH) to Hold

Booz Allen Hamilton (NYSE:BAH) was downgraded by analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a report issued on Monday, Briefing.com reports. They presently have a $190.00 price target on the business services provider’s stock, up from their previous price target of $180.00. Jefferies Financial Group’s target price would suggest a potential upside of 4.81% from the company’s current price.

Several other equities analysts have also recently weighed in on the company. StockNews.com upgraded Booz Allen Hamilton from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. TD Cowen decreased their price target on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Monday, July 29th. JPMorgan Chase & Co. lowered Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and boosted their price target for the stock from $154.00 to $158.00 in a research report on Wednesday, October 2nd. The Goldman Sachs Group increased their price objective on Booz Allen Hamilton from $174.00 to $196.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, Wells Fargo & Company boosted their target price on shares of Booz Allen Hamilton from $185.00 to $206.00 and gave the stock an “overweight” rating in a report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $180.63.

Booz Allen Hamilton Stock Performance

Shares of BAH opened at $181.28 on Monday. The stock has a market capitalization of $23.16 billion, a price-to-earnings ratio of 28.46, a PEG ratio of 2.49 and a beta of 0.58. Booz Allen Hamilton has a 12 month low of $122.59 and a 12 month high of $189.13. The firm has a fifty day simple moving average of $161.91 and a 200 day simple moving average of $154.99. The company has a current ratio of 1.56, a quick ratio of 1.55 and a debt-to-equity ratio of 2.76.

Insider Buying and Selling

In related news, CFO Matthew Calderone sold 3,865 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $160.00, for a total transaction of $618,400.00. Following the completion of the sale, the chief financial officer now owns 33,683 shares of the company’s stock, valued at $5,389,280. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Booz Allen Hamilton news, CFO Matthew Calderone sold 3,865 shares of the company’s stock in a transaction 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 sale, the chief financial officer now directly owns 33,683 shares in the company, valued at $5,389,280. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Richard Crowe sold 4,243 shares of the business’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $165.00, for a total value 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. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,173 shares of company stock valued at $1,989,220 over the last 90 days. 1.59% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Booz Allen Hamilton

A number of hedge funds have recently made changes to their positions in BAH. Price T Rowe Associates Inc. MD lifted its stake in Booz Allen Hamilton by 2.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,406,880 shares of the business services provider’s stock valued at $1,544,798,000 after purchasing an additional 222,884 shares during the last quarter. AGF Management Ltd. lifted its stake in shares of Booz Allen Hamilton by 63.4% in the 2nd quarter. AGF Management Ltd. now owns 1,750,610 shares of the business services provider’s stock valued at $269,419,000 after acquiring an additional 679,280 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Booz Allen Hamilton by 6.1% during the 2nd quarter. American Century Companies Inc. now owns 1,672,961 shares of the business services provider’s stock valued at $257,469,000 after acquiring an additional 96,553 shares in the last quarter. Bessemer Group Inc. increased its holdings in Booz Allen Hamilton by 1.9% in the 1st quarter. Bessemer Group Inc. now owns 1,178,784 shares of the business services provider’s stock worth $174,978,000 after purchasing an additional 22,545 shares in the last quarter. Finally, Captrust Financial Advisors raised its position in Booz Allen Hamilton by 29.4% in the first quarter. Captrust Financial Advisors now owns 1,076,130 shares of the business services provider’s stock valued at $159,741,000 after purchasing an additional 244,391 shares during the last quarter. 91.82% of the stock is currently owned by institutional investors and hedge funds.

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.