Carroll Financial Associates Inc. trimmed its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 24.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,171 shares of the business services provider’s stock after selling 712 shares during the quarter. Carroll Financial Associates Inc.’s holdings in Booz Allen Hamilton were worth $154,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of BAH. First Trust Advisors LP lifted its position in Booz Allen Hamilton by 152.9% during the 1st quarter. First Trust Advisors LP now owns 697,554 shares of the business services provider’s stock worth $40,556,000 after acquiring an additional 421,695 shares during the period. OppenheimerFunds Inc. lifted its holdings in shares of Booz Allen Hamilton by 2.6% in the 1st quarter. OppenheimerFunds Inc. now owns 371,105 shares of the business services provider’s stock valued at $21,576,000 after buying an additional 9,452 shares during the period. Riverhead Capital Management LLC lifted its holdings in shares of Booz Allen Hamilton by 453.3% in the 1st quarter. Riverhead Capital Management LLC now owns 34,304 shares of the business services provider’s stock valued at $1,994,000 after buying an additional 28,104 shares during the period. Hilton Capital Management LLC acquired a new stake in shares of Booz Allen Hamilton in the 1st quarter valued at approximately $17,069,000. Finally, Fort L.P. lifted its holdings in shares of Booz Allen Hamilton by 30.5% in the 1st quarter. Fort L.P. now owns 41,462 shares of the business services provider’s stock valued at $2,411,000 after buying an additional 9,691 shares during the period. 91.76% of the stock is owned by institutional investors.
BAH has been the subject of several recent analyst reports. ValuEngine cut Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Barclays initiated coverage on Booz Allen Hamilton in a report on Friday, September 20th. They issued an “equal weight” rating and a $77.00 price target for the company. Cowen set a $85.00 price target on Booz Allen Hamilton and gave the company a “buy” rating in a report on Tuesday. Morgan Stanley raised their price target on Booz Allen Hamilton from $76.00 to $78.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Citigroup raised their price target on Booz Allen Hamilton from $65.00 to $71.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $70.25.
BAH opened at $71.48 on Friday. The business has a 50 day simple moving average of $72.33 and a 200-day simple moving average of $66.14. The stock has a market capitalization of $10.02 billion, a P/E ratio of 25.90, a P/E/G ratio of 1.74 and a beta of 0.92. Booz Allen Hamilton Holding Co. has a 12 month low of $43.24 and a 12 month high of $78.01. The company has a debt-to-equity ratio of 3.14, a current ratio of 1.75 and a quick ratio of 1.75.
Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings data on Monday, July 29th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.11. The firm had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.79 billion. Booz Allen Hamilton had a return on equity of 59.44% and a net margin of 6.27%. Booz Allen Hamilton’s revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.72 earnings per share. Research analysts anticipate that Booz Allen Hamilton Holding Co. will post 3.07 EPS for the current year.
About Booz Allen Hamilton
Booz Allen Hamilton Holding Corporation provides management and technology consulting, engineering, analytics, digital, mission operations, and cyber solutions to governments, corporations, and not-for-profit organizations in the United States and internationally. The company offers consulting solutions for various domains, business strategies, human capital, and operations.
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