Booz Allen Hamilton (NYSE:BAH) Shares Gap Up – Still a Buy?

Booz Allen Hamilton Holding Co. (NYSE:BAH) shares gapped up before the market opened on Friday . The stock had previously closed at $166.55, but opened at $181.01. Booz Allen Hamilton shares last traded at $186.30, with a volume of 457,537 shares.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BAH. TD Cowen lowered 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. StockNews.com downgraded shares of Booz Allen Hamilton from a “hold” rating to a “sell” rating in a research report on Tuesday. JPMorgan Chase & Co. downgraded shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and raised their price target for the company from $154.00 to $158.00 in a report on Wednesday, October 2nd. Barclays decreased their price objective on shares of Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating for the company in a report on Tuesday, July 30th. Finally, Wells Fargo & Company raised their target price on Booz Allen Hamilton from $165.00 to $185.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $170.75.

Booz Allen Hamilton Stock Up 11.5 %

The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 3.07. The firm’s fifty day moving average is $158.13 and its 200 day moving average is $153.17. The stock has a market cap of $24.01 billion, a P/E ratio of 39.64, a P/E/G ratio of 2.33 and a beta of 0.59.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings data on Friday, July 26th. The business services provider reported $1.38 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.14). The business had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.92 billion. Booz Allen Hamilton had a return on equity of 65.80% and a net margin of 5.57%. As a group, equities research analysts forecast that Booz Allen Hamilton Holding Co. will post 5.97 EPS for the current year.

Insider Transactions at Booz Allen Hamilton

In other news, Director Melody C. Barnes sold 1,041 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $143.31, for a total value of $149,185.71. Following the sale, the director now owns 18,123 shares in the company, valued at approximately $2,597,207.13. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other 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 transaction, the chief financial officer now owns 33,683 shares of the company’s stock, valued at approximately $5,389,280. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Melody C. Barnes sold 1,041 shares of Booz Allen Hamilton stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $143.31, for a total value of $149,185.71. Following the sale, the director now directly owns 18,123 shares in the company, valued at approximately $2,597,207.13. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.59% of the company’s stock.

Hedge Funds Weigh In On Booz Allen Hamilton

Several large investors have recently added to or reduced their stakes in BAH. First Horizon Advisors Inc. raised its stake in shares of Booz Allen Hamilton by 4.5% in the second quarter. First Horizon Advisors Inc. now owns 1,596 shares of the business services provider’s stock valued at $246,000 after purchasing an additional 69 shares in the last quarter. X Square Capital LLC lifted its holdings in shares of Booz Allen Hamilton by 0.7% during the 2nd quarter. X Square Capital LLC now owns 10,509 shares of the business services provider’s stock worth $1,617,000 after acquiring an additional 72 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Booz Allen Hamilton by 13.0% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 685 shares of the business services provider’s stock valued at $111,000 after acquiring an additional 79 shares in the last quarter. CIBC Asset Management Inc increased its stake in Booz Allen Hamilton by 1.9% in the second quarter. CIBC Asset Management Inc now owns 4,448 shares of the business services provider’s stock valued at $685,000 after acquiring an additional 82 shares during the period. Finally, MCF Advisors LLC raised its position in Booz Allen Hamilton by 103.6% in the first quarter. MCF Advisors LLC now owns 226 shares of the business services provider’s stock worth $34,000 after purchasing an additional 115 shares in the last quarter. Institutional investors and hedge funds 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 focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.