Booz Allen Hamilton (NYSE:BAH) Shares Gap Up to $89.85

Booz Allen Hamilton Holding Co. (NYSE:BAH – Get Rating) gapped up before the market opened on Friday . The stock had previously closed at $89.85, but opened at $94.88. Booz Allen Hamilton shares last traded at $94.18, with a volume of 460,555 shares.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BAH. Wells Fargo & Company upped their target price on Booz Allen Hamilton from $109.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, February 1st. Morgan Stanley cut their target price on shares of Booz Allen Hamilton from $118.00 to $116.00 and set an “overweight” rating on the stock in a research report on Thursday, February 2nd. Finally, StockNews.com started coverage on shares of Booz Allen Hamilton in a research report on Thursday, May 18th. They issued a “hold” rating for the company. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $104.63.

Booz Allen Hamilton Trading Up 5.6 %

The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 2.31. The firm has a 50-day moving average of $93.85 and a 200 day moving average of $97.97. The company has a market cap of $12.55 billion, a P/E ratio of 29.41, a price-to-earnings-growth ratio of 2.13 and a beta of 0.60.

Insider Activity at Booz Allen Hamilton

In related news, EVP Elizabeth M. Thompson sold 27,925 shares of the company’s stock in a transaction that occurred on Friday, April 21st. The stock was sold at an average price of $99.00, for a total transaction of $2,764,575.00. Following the transaction, the executive vice president now directly owns 20,474 shares of the company’s stock, valued at approximately $2,026,926. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.23% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. raised its stake in Booz Allen Hamilton by 854.8% during the 3rd quarter. Bessemer Group Inc. now owns 296 shares of the business services provider’s stock worth $27,000 after buying an additional 265 shares during the period. SouthState Corp purchased a new stake in shares of Booz Allen Hamilton in the first quarter worth approximately $35,000. Johnson Financial Group Inc. raised its stake in shares of Booz Allen Hamilton by 281.5% in the fourth quarter. Johnson Financial Group Inc. now owns 412 shares of the business services provider’s stock worth $43,000 after purchasing an additional 304 shares during the last quarter. Spire Wealth Management raised its stake in shares of Booz Allen Hamilton by 54.8% in the first quarter. Spire Wealth Management now owns 511 shares of the business services provider’s stock worth $47,000 after purchasing an additional 181 shares during the last quarter. Finally, New England Capital Financial Advisors LLC purchased a new stake in shares of Booz Allen Hamilton in the fourth quarter worth approximately $50,000. 90.68% of the stock is owned by institutional investors and hedge funds.

About Booz Allen Hamilton

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Booz Allen Hamilton Holding Corp. engages in the provision of management and technology consulting services. It offers analytics, digital solutions, engineering, and cyber expertise. The company was founded by Edwin Booz in 1914 and is headquartered in McLean, VA.