Booz Allen Hamilton Holding Corporation (NYSE:BAH) Receives Average Recommendation of “Hold” from Analysts

Shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) have been given an average rating of “Hold” by the sixteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $109.4615.

A number of equities research analysts have commented on BAH shares. Truist Financial set a $90.00 price target on shares of Booz Allen Hamilton in a report on Friday, October 24th. TD Cowen downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Friday, October 17th. The Goldman Sachs Group decreased their target price on Booz Allen Hamilton from $93.00 to $80.00 and set a “sell” rating for the company in a research report on Monday, October 27th. Citigroup increased their price target on Booz Allen Hamilton from $93.00 to $109.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Finally, JPMorgan Chase & Co. decreased their price objective on Booz Allen Hamilton from $122.00 to $90.00 and set an “underweight” rating for the company in a report on Monday, October 27th.

Insider Buying and Selling

In other Booz Allen Hamilton news, CEO Horacio Rozanski acquired 23,800 shares of the stock in a transaction on Thursday, October 30th. The shares were purchased at an average price of $84.66 per share, for a total transaction of $2,014,908.00. Following the completion of the acquisition, the chief executive officer owned 687,745 shares in the company, valued at approximately $58,224,491.70. This represents a 3.58% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.91% of the company’s stock.

Institutional Investors Weigh In On Booz Allen Hamilton

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Booz Allen Hamilton by 4.4% during the 3rd quarter. Vanguard Group Inc. now owns 13,719,306 shares of the business services provider’s stock worth $1,371,245,000 after acquiring an additional 582,069 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Booz Allen Hamilton by 48.6% during the third quarter. AQR Capital Management LLC now owns 3,812,243 shares of the business services provider’s stock valued at $377,488,000 after purchasing an additional 1,246,451 shares in the last quarter. First Trust Advisors LP boosted its holdings in Booz Allen Hamilton by 10.6% during the third quarter. First Trust Advisors LP now owns 3,571,053 shares of the business services provider’s stock worth $356,927,000 after purchasing an additional 342,252 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Booz Allen Hamilton by 8.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,545,572 shares of the business services provider’s stock worth $216,094,000 after purchasing an additional 199,590 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Booz Allen Hamilton by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 2,417,306 shares of the business services provider’s stock valued at $251,000,000 after buying an additional 37,519 shares during the last quarter. Institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Trading Up 0.2%

Shares of BAH stock opened at $95.74 on Friday. Booz Allen Hamilton has a fifty-two week low of $79.23 and a fifty-two week high of $146.95. The company has a debt-to-equity ratio of 3.89, a quick ratio of 1.76 and a current ratio of 1.76. The stock has a 50 day simple moving average of $87.92 and a two-hundred day simple moving average of $97.34. The company has a market cap of $11.61 billion, a P/E ratio of 14.62, a PEG ratio of 1.68 and a beta of 0.34.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings results on Friday, October 24th. The business services provider reported $1.49 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.49. The firm had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.99 billion. Booz Allen Hamilton had a return on equity of 71.87% and a net margin of 7.06%.The company’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.81 EPS. Research analysts forecast that Booz Allen Hamilton will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corporation is a publicly traded management and technology consulting firm headquartered in McLean, Virginia. The company provides a wide range of professional services and solutions in strategy, analytics, digital transformation, engineering and cyber security. Its expertise spans from supporting federal civilian agencies to defense, intelligence and homeland security organizations, as well as select commercial industries.

Key offerings include data analytics and artificial intelligence applications, software development and modernization, systems integration, and cyber risk management.