Booz Allen Hamilton Holding Corporation (BAH) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research cut shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) from a buy rating to a hold rating in a research note released on Wednesday, October 18th.

According to Zacks, “Booz Allen Hamilton Inc. is engaged in providing management and technology consulting services to the U.S. government in the defense, intelligence and civil markets. Technological services offered by the Company include Cyber technologies, SE&I, Systems development and Strategic technology and innovation. Its major clients include the Department of Defense, all branches of the U.S. military, the U.S. Intelligence Community, and civil agencies such as the Department of Homeland Security, the Department of Energy, the Department of Health and Human Services, the Department of the Treasury and the Environmental Protection Agency. Booz Allen Hamilton Inc. is headquartered in McLean, Virginia, the United States of America. “

Other equities research analysts have also recently issued reports about the stock. Cowen and Company reiterated a buy rating and issued a $41.00 price target (down from $46.00) on shares of Booz Allen Hamilton Holding Corporation in a research report on Monday, June 26th. BidaskClub upgraded shares of Booz Allen Hamilton Holding Corporation from a hold rating to a buy rating in a research report on Friday, August 18th. Vertical Research upgraded shares of Booz Allen Hamilton Holding Corporation from a hold rating to a buy rating and set a $42.00 price target on the stock in a research report on Tuesday, October 3rd. Finally, Jefferies Group LLC reiterated a hold rating and issued a $36.00 price target on shares of Booz Allen Hamilton Holding Corporation in a research report on Thursday, September 21st. Seven investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Booz Allen Hamilton Holding Corporation presently has an average rating of Buy and a consensus target price of $39.72.

Booz Allen Hamilton Holding Corporation (NYSE:BAH) traded up 0.19% on Wednesday, hitting $37.54. 1,255,338 shares of the company’s stock were exchanged. Booz Allen Hamilton Holding Corporation has a 12-month low of $29.90 and a 12-month high of $39.67. The company’s 50-day moving average price is $36.90 and its 200-day moving average price is $35.52. The company has a market cap of $5.58 billion, a PE ratio of 21.54 and a beta of 1.30.

Booz Allen Hamilton Holding Corporation (NYSE:BAH) last issued its quarterly earnings data on Monday, August 7th. The business services provider reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.06. Booz Allen Hamilton Holding Corporation had a net margin of 4.50% and a return on equity of 48.35%. The business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same period in the previous year, the business earned $0.46 earnings per share. The company’s revenue was up 5.0% on a year-over-year basis. Analysts forecast that Booz Allen Hamilton Holding Corporation will post $1.92 earnings per share for the current year.

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In other news, Director Peter J. Clare purchased 10,000 shares of the stock in a transaction that occurred on Thursday, August 10th. The stock was acquired at an average price of $32.30 per share, with a total value of $323,000.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Karen M. Dahut sold 46,406 shares of the business’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $38.02, for a total value of $1,764,356.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 150,407 shares of company stock worth $5,434,430. Company insiders own 3.04% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. grew its stake in shares of Booz Allen Hamilton Holding Corporation by 0.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 18,217 shares of the business services provider’s stock valued at $593,000 after buying an additional 49 shares in the last quarter. M&T Bank Corp lifted its holdings in Booz Allen Hamilton Holding Corporation by 0.5% in the 2nd quarter. M&T Bank Corp now owns 13,945 shares of the business services provider’s stock worth $454,000 after purchasing an additional 65 shares during the last quarter. Teacher Retirement System of Texas lifted its holdings in Booz Allen Hamilton Holding Corporation by 0.6% in the 2nd quarter. Teacher Retirement System of Texas now owns 11,980 shares of the business services provider’s stock worth $390,000 after purchasing an additional 66 shares during the last quarter. Somerset Trust Co lifted its holdings in Booz Allen Hamilton Holding Corporation by 0.5% in the 2nd quarter. Somerset Trust Co now owns 14,022 shares of the business services provider’s stock worth $457,000 after purchasing an additional 75 shares during the last quarter. Finally, Comerica Bank lifted its holdings in Booz Allen Hamilton Holding Corporation by 2.8% in the 1st quarter. Comerica Bank now owns 8,689 shares of the business services provider’s stock worth $314,000 after purchasing an additional 237 shares during the last quarter. 93.52% of the stock is owned by institutional investors and hedge funds.

Booz Allen Hamilton Holding Corporation Company Profile

Booz Allen Hamilton Holding Corporation is a holding company. The Company is a provider of management and technology, consulting and engineering services to the United States and international governments, corporations and not-for-profit organizations. The Company’s client base includes government, commercial and international clients.

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