Booz Allen Hamilton Holding Co. (NYSE:BAH – Get Free Report) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totalling 1,880,000 shares, a growth of 10.6% from the July 15th total of 1,700,000 shares. Based on an average daily volume of 762,700 shares, the days-to-cover ratio is currently 2.5 days. Approximately 1.5% of the company’s shares are short sold.
Booz Allen Hamilton Stock Up 0.7 %
Shares of NYSE:BAH traded up $1.02 on Monday, hitting $148.69. 218,462 shares of the company’s stock were exchanged, compared to its average volume of 678,288. The firm’s 50-day moving average is $151.64 and its 200 day moving average is $149.13. The company has a market capitalization of $19.23 billion, a PE ratio of 32.10, a P/E/G ratio of 2.06 and a beta of 0.57. Booz Allen Hamilton has a 1-year low of $106.90 and a 1-year high of $164.43. The company has a debt-to-equity ratio of 3.07, a quick ratio of 1.62 and a current ratio of 1.55.
Booz Allen Hamilton (NYSE:BAH – Get Free Report) last released its quarterly earnings data on Friday, July 26th. The business services provider reported $1.38 earnings per share (EPS) 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%. Sell-side analysts predict that Booz Allen Hamilton will post 5.97 EPS for the current year.
Booz Allen Hamilton Announces Dividend
Insider Buying and Selling at Booz Allen Hamilton
In other Booz Allen Hamilton news, Director Melody C. Barnes sold 1,041 shares of Booz Allen Hamilton stock in a transaction on 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 owns 18,123 shares in the company, valued at $2,597,207.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Melody C. Barnes sold 1,041 shares of the business’s stock in a transaction on 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 owns 18,123 shares in the company, valued at approximately $2,597,207.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Matthew Calderone sold 332 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $154.15, for a total value of $51,177.80. Following the completion of the sale, the chief financial officer now owns 23,438 shares in the company, valued at approximately $3,612,967.70. The disclosure for this sale can be found here. Insiders have sold 59,296 shares of company stock worth $9,119,212 over the last quarter. 1.59% of the stock is currently owned by company insiders.
Institutional Trading of Booz Allen Hamilton
A number of large investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its position in shares of Booz Allen Hamilton by 2.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,406,880 shares of the business services provider’s stock valued at $1,544,798,000 after purchasing an additional 222,884 shares during the period. WCM Investment Management LLC raised its stake in Booz Allen Hamilton by 0.5% during the 1st quarter. WCM Investment Management LLC now owns 4,252,168 shares of the business services provider’s stock valued at $631,192,000 after acquiring an additional 22,708 shares during the last quarter. AGF Management Ltd. raised its stake in Booz Allen Hamilton by 63.4% during the 2nd quarter. AGF Management Ltd. now owns 1,750,610 shares of the business services provider’s stock valued at $269,419,000 after acquiring an additional 679,280 shares during the last quarter. American Century Companies Inc. raised its stake in Booz Allen Hamilton by 6.1% during the 2nd quarter. American Century Companies Inc. now owns 1,672,961 shares of the business services provider’s stock valued at $257,469,000 after acquiring an additional 96,553 shares during the last quarter. Finally, Norges Bank purchased a new stake in Booz Allen Hamilton during the 4th quarter valued at approximately $188,129,000. 91.82% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
BAH has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on Booz Allen Hamilton from $136.00 to $154.00 and gave the company a “neutral” rating in a report on Wednesday, July 10th. Stifel Nicolaus boosted their target price on Booz Allen Hamilton from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. TD Cowen lowered their target price 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. Jefferies Financial Group boosted their target price on Booz Allen Hamilton from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Finally, Wells Fargo & Company raised Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and lowered their target price for the stock from $168.00 to $165.00 in a research note on Monday, July 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Booz Allen Hamilton presently has an average rating of “Moderate Buy” and a consensus price target of $156.56.
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.
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