Booz Allen Hamilton Holding Co. (NYSE:BAH)’s share price was up 5.2% during mid-day trading on Friday following a stronger than expected earnings report. The stock traded as high as $81.87 and last traded at $81.76, approximately 1,677,002 shares were traded during mid-day trading. An increase of 35% from the average daily volume of 1,240,712 shares. The stock had previously closed at $77.73.
The business services provider reported $0.93 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.07. The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.97 billion. Booz Allen Hamilton had a return on equity of 53.41% and a net margin of 6.47%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.83 earnings per share.
A number of research analysts have recently weighed in on BAH shares. Morgan Stanley raised their price objective on Booz Allen Hamilton from $79.00 to $84.00 and gave the company an “overweight” rating in a research report on Tuesday, April 14th. Raymond James lowered Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 8th. JPMorgan Chase & Co. raised their price objective on Booz Allen Hamilton from $69.00 to $81.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. SunTrust Banks lowered their price target on shares of Booz Allen Hamilton from $88.00 to $84.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Finally, Goldman Sachs Group downgraded shares of Booz Allen Hamilton from a “buy” rating to a “neutral” rating and lowered their price target for the company from $88.00 to $79.00 in a report on Monday, April 20th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $82.42.
In other Booz Allen Hamilton news, Director Gretchen W. Mcclain sold 2,000 shares of the firm’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $78.13, for a total value of $156,260.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Elizabeth M. Thompson sold 15,000 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $80.20, for a total transaction of $1,203,000.00. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of BAH. BlackRock Inc. lifted its position in Booz Allen Hamilton by 4.1% during the first quarter. BlackRock Inc. now owns 10,776,962 shares of the business services provider’s stock valued at $739,731,000 after purchasing an additional 422,285 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Booz Allen Hamilton by 46.4% in the 1st quarter. JPMorgan Chase & Co. now owns 7,124,091 shares of the business services provider’s stock worth $488,998,000 after acquiring an additional 2,258,824 shares during the last quarter. State Street Corp lifted its holdings in Booz Allen Hamilton by 2.0% during the 1st quarter. State Street Corp now owns 3,716,646 shares of the business services provider’s stock worth $255,111,000 after buying an additional 71,973 shares in the last quarter. William Blair Investment Management LLC lifted its holdings in Booz Allen Hamilton by 1.9% during the 1st quarter. William Blair Investment Management LLC now owns 2,766,936 shares of the business services provider’s stock worth $189,922,000 after buying an additional 52,031 shares in the last quarter. Finally, Atlanta Capital Management Co. L L C acquired a new stake in Booz Allen Hamilton during the 1st quarter worth approximately $163,876,000. Institutional investors and hedge funds own 91.41% of the company’s stock.
The stock’s 50-day simple moving average is $76.17 and its 200 day simple moving average is $74.79. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.75 and a current ratio of 1.75. The company has a market capitalization of $11.30 billion, a PE ratio of 24.05, a P/E/G ratio of 2.06 and a beta of 0.81.
About Booz Allen Hamilton (NYSE:BAH)
Booz Allen Hamilton Holding Corporation provides management and technology consulting, engineering, analytics, digital, mission operations, and cyber solutions to governments, corporations, and not-for-profit organizations in the United States and internationally. The company offers consulting solutions for various domains, business strategies, human capital, and operations.
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