Booz Allen Hamilton Holding Corporation (NYSE:BAH) Downgraded 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 report report published 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. “

Several other equities analysts have also commented on the company. Cowen and Company reiterated a buy rating and set a $41.00 price objective (down from $46.00) on shares of Booz Allen Hamilton Holding Corporation in a research report on Monday, June 26th. Jefferies Group LLC lowered Booz Allen Hamilton Holding Corporation from a buy rating to a hold rating and set a $36.00 price objective on the stock. in a research report on Monday, July 17th. BidaskClub upgraded Booz Allen Hamilton Holding Corporation from a buy rating to a strong-buy rating in a research report on Thursday, August 24th. Finally, Vertical Research upgraded 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. Eight research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Hold and a consensus price target of $39.72.

Shares of Booz Allen Hamilton Holding Corporation (BAH) traded down $1.53 during midday trading on Wednesday, reaching $36.60. The company’s stock had a trading volume of 2,314,831 shares, compared to its average volume of 856,291. The firm has a market capitalization of $5,669.02, a P/E ratio of 20.95, a price-to-earnings-growth ratio of 2.35 and a beta of 1.28. The company has a debt-to-equity ratio of 3.00, a quick ratio of 1.59 and a current ratio of 1.59.

Booz Allen Hamilton Holding Corporation (NYSE:BAH) last announced its earnings results on Monday, November 6th. The business services provider reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.50 billion. Booz Allen Hamilton Holding Corporation had a return on equity of 48.35% and a net margin of 4.50%. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.46 EPS. equities analysts anticipate that Booz Allen Hamilton Holding Corporation will post 1.92 earnings per share for the current fiscal year.

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In other news, EVP Elizabeth M. Thompson sold 28,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $36.69, for a total value of $1,027,320.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Karen M. Dahut sold 46,406 shares of the firm’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 90 days, insiders sold 150,407 shares of company stock valued at $5,434,430. 3.04% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new position in Booz Allen Hamilton Holding Corporation during the 1st quarter valued at approximately $102,000. Nomura Asset Management Co. Ltd. increased its position in Booz Allen Hamilton Holding Corporation by 7.8% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 3,470 shares of the business services provider’s stock valued at $123,000 after buying an additional 250 shares in the last quarter. Advisor Group Inc. increased its position in Booz Allen Hamilton Holding Corporation by 13.1% during the 2nd quarter. Advisor Group Inc. now owns 3,497 shares of the business services provider’s stock valued at $113,000 after buying an additional 405 shares in the last quarter. Public Employees Retirement Association of Colorado increased its position in Booz Allen Hamilton Holding Corporation by 27.8% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 4,602 shares of the business services provider’s stock valued at $150,000 after buying an additional 1,001 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in Booz Allen Hamilton Holding Corporation by 8.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,603 shares of the business services provider’s stock valued at $150,000 after buying an additional 347 shares in the last quarter. 92.93% of the stock is owned by institutional investors.

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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