Booz Allen Hamilton (NYSE:BAH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.
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. “
BAH has been the topic of several other research reports. Jefferies Group upgraded shares of Booz Allen Hamilton from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. Cowen reiterated a “buy” rating and set a $50.00 price target on shares of Booz Allen Hamilton in a research note on Monday. Wells Fargo & Co lifted their price target on shares of Booz Allen Hamilton from $40.00 to $42.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 25th. Stifel Nicolaus reiterated a “buy” rating and set a $50.00 price target on shares of Booz Allen Hamilton in a research note on Tuesday, January 9th. Finally, SunTrust Banks initiated coverage on shares of Booz Allen Hamilton in a research note on Friday, December 1st. They set a “buy” rating and a $47.00 price target on the stock. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $41.32.
Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings data on Monday, February 5th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.05. The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.52 billion. Booz Allen Hamilton had a net margin of 4.68% and a return on equity of 50.69%. Booz Allen Hamilton’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the company posted $0.38 earnings per share. research analysts expect that Booz Allen Hamilton will post 1.92 EPS for the current year.
In other Booz Allen Hamilton news, insider Susan L. Penfield sold 30,022 shares of Booz Allen Hamilton stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $38.31, for a total transaction of $1,150,142.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Karen M. Dahut sold 46,406 shares of Booz Allen Hamilton stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $40.03, for a total value of $1,857,632.18. The disclosure for this sale can be found here. Insiders have sold 182,135 shares of company stock worth $7,226,660 in the last quarter. Corporate insiders own 3.04% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Advisor Group Inc. lifted its holdings in shares of Booz Allen Hamilton by 13.1% during the second quarter. Advisor Group Inc. now owns 3,497 shares of the business services provider’s stock valued at $113,000 after acquiring an additional 405 shares during the period. Citadel Advisors LLC lifted its holdings in shares of Booz Allen Hamilton by 120.4% during the third quarter. Citadel Advisors LLC now owns 2,877,330 shares of the business services provider’s stock valued at $107,583,000 after acquiring an additional 1,571,542 shares during the period. AXA bought a new position in shares of Booz Allen Hamilton during the third quarter valued at $13,359,000. Ameriprise Financial Inc. lifted its holdings in shares of Booz Allen Hamilton by 7.4% during the third quarter. Ameriprise Financial Inc. now owns 3,655,953 shares of the business services provider’s stock valued at $136,676,000 after acquiring an additional 250,461 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Booz Allen Hamilton by 33.4% during the third quarter. Russell Investments Group Ltd. now owns 57,778 shares of the business services provider’s stock valued at $2,160,000 after acquiring an additional 14,465 shares during the period. 92.70% of the stock is owned by institutional investors.
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About Booz Allen Hamilton
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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