Booz Allen Hamilton (NYSE:BAH) Sees Large Volume Increase

Booz Allen Hamilton Holding Co. (NYSE:BAH - Get Free Report) saw strong trading volume on Monday . 416,811 shares were traded during mid-day trading, a decline of 32% from the previous session's volume of 611,778 shares.The stock last traded at $149.62 and had previously closed at $147.25.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Wells Fargo & Company raised their price objective on Booz Allen Hamilton from $138.00 to $158.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 30th. Jefferies Financial Group boosted their price target on Booz Allen Hamilton from $150.00 to $170.00 and gave the stock a "buy" rating in a report on Wednesday, April 10th. JPMorgan Chase & Co. boosted their price target on Booz Allen Hamilton from $120.00 to $136.00 and gave the stock a "neutral" rating in a report on Tuesday, February 6th. The Goldman Sachs Group boosted their price target on Booz Allen Hamilton from $141.00 to $158.00 and gave the stock a "buy" rating in a report on Monday, January 29th. Finally, Truist Financial boosted their price target on Booz Allen Hamilton from $120.00 to $145.00 and gave the stock a "hold" rating in a report on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $145.11.

Booz Allen Hamilton Price Performance

The stock has a market capitalization of $19.83 billion, a price-to-earnings ratio of 49.31, a price-to-earnings-growth ratio of 1.99 and a beta of 0.53. The company has a 50 day moving average of $146.18 and a 200 day moving average of $135.99. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 3.10.

Insider Activity at Booz Allen Hamilton

In related news, CFO Matthew Calderone sold 1,500 shares of the company's stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $146.51, for a total value of $219,765.00. Following the completion of the transaction, the chief financial officer now directly owns 25,462 shares in the company, valued at $3,730,437.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Booz Allen Hamilton news, CFO Matthew Calderone sold 1,500 shares of the business's stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $146.51, for a total transaction of $219,765.00. Following the completion of the sale, the chief financial officer now owns 25,462 shares of the company's stock, valued at $3,730,437.62. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Horacio Rozanski sold 49,000 shares of the business's stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $145.69, for a total value of $7,138,810.00. Following the sale, the chief executive officer now directly owns 557,411 shares of the company's stock, valued at approximately $81,209,208.59. The disclosure for this sale can be found here. Insiders own 1.76% of the company's stock.

Institutional Investors Weigh In On Booz Allen Hamilton

Institutional investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Booz Allen Hamilton in the fourth quarter worth about $188,129,000. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Booz Allen Hamilton by 64.1% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,992,096 shares of the business services provider's stock worth $217,676,000 after buying an additional 778,437 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Booz Allen Hamilton by 19.3% in the third quarter. Ameriprise Financial Inc. now owns 4,546,664 shares of the business services provider's stock worth $497,084,000 after buying an additional 736,404 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Booz Allen Hamilton by 30.1% in the third quarter. JPMorgan Chase & Co. now owns 2,968,252 shares of the business services provider's stock worth $324,341,000 after buying an additional 686,318 shares during the period. Finally, AGF Management Ltd. boosted its position in shares of Booz Allen Hamilton by 40.8% in the fourth quarter. AGF Management Ltd. now owns 1,089,265 shares of the business services provider's stock worth $139,328,000 after buying an additional 315,495 shares during the period. 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 also focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.