Booz Allen Hamilton (NYSE:BAH) Shares Gap Down – What’s Next?

Booz Allen Hamilton Holding Co. (NYSE:BAH)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $129.13, but opened at $106.80. Booz Allen Hamilton shares last traded at $110.65, with a volume of 2,897,800 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Raymond James reiterated a “market perform” rating on shares of Booz Allen Hamilton in a research note on Friday. Wall Street Zen lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Saturday. UBS Group increased their target price on Booz Allen Hamilton from $120.00 to $135.00 and gave the company a “neutral” rating in a research note on Monday, May 19th. William Blair lowered Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $109.00 target price (down previously from $150.00) on shares of Booz Allen Hamilton in a research note on Friday, April 11th. One analyst has rated the stock with a sell rating, eight have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Booz Allen Hamilton presently has a consensus rating of “Hold” and a consensus price target of $141.70.

Booz Allen Hamilton Price Performance

The company has a debt-to-equity ratio of 2.72, a current ratio of 1.57 and a quick ratio of 1.57. The business has a fifty day moving average of $115.14 and a 200 day moving average of $126.35. The stock has a market cap of $13.71 billion, a PE ratio of 16.14, a P/E/G ratio of 1.25 and a beta of 0.56.

Booz Allen Hamilton (NYSE:BAH) last released its earnings results on Friday, May 23rd. The business services provider reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.02. Booz Allen Hamilton had a return on equity of 68.97% and a net margin of 7.39%. The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter last year, the business posted $1.33 EPS. Booz Allen Hamilton’s quarterly revenue was up 7.3% compared to the same quarter last year. Sell-side analysts anticipate that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BAH. Barclays PLC lifted its holdings in Booz Allen Hamilton by 17.1% during the 3rd quarter. Barclays PLC now owns 101,365 shares of the business services provider’s stock worth $16,497,000 after buying an additional 14,826 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Booz Allen Hamilton by 1,500.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,401 shares of the business services provider’s stock valued at $824,000 after purchasing an additional 6,001 shares during the period. SG Americas Securities LLC boosted its position in Booz Allen Hamilton by 25.7% during the 4th quarter. SG Americas Securities LLC now owns 894 shares of the business services provider’s stock valued at $115,000 after purchasing an additional 183 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Booz Allen Hamilton during the 4th quarter valued at approximately $7,631,000. Finally, Goelzer Investment Management Inc. acquired a new position in Booz Allen Hamilton during the 4th quarter valued at approximately $1,732,000. Institutional investors own 91.82% of the company’s stock.

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.