Meeder Asset Management Inc. lessened its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 48.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,682 shares of the business services provider’s stock after selling 16,731 shares during the quarter. Meeder Asset Management Inc.’s holdings in Booz Allen Hamilton were worth $1,255,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of BAH. Point72 Asset Management L.P. acquired a new stake in shares of Booz Allen Hamilton in the 2nd quarter valued at $26,000. First Financial Corp IN acquired a new stake in shares of Booz Allen Hamilton in the 3rd quarter valued at $28,000. Pearl River Capital LLC acquired a new stake in shares of Booz Allen Hamilton in the 2nd quarter valued at $33,000. Capital Investment Advisory Services LLC acquired a new stake in shares of Booz Allen Hamilton in the 2nd quarter valued at $42,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Booz Allen Hamilton in the 2nd quarter valued at $89,000. 91.73% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have weighed in on the company. Morgan Stanley raised their target price on Booz Allen Hamilton from $76.00 to $78.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. SunTrust Banks raised their target price on Booz Allen Hamilton to $80.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Zacks Investment Research raised Booz Allen Hamilton from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a report on Friday, June 28th. JPMorgan Chase & Co. assumed coverage on Booz Allen Hamilton in a report on Tuesday, September 24th. They set a “neutral” rating and a $77.00 price objective on the stock. Finally, Wells Fargo & Co downgraded Booz Allen Hamilton from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $71.00 to $74.00 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 given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $70.25.
NYSE BAH opened at $69.93 on Friday. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 3.14. Booz Allen Hamilton Holding Co. has a twelve month low of $43.24 and a twelve month high of $78.01. The company has a market cap of $9.93 billion, a price-to-earnings ratio of 25.34, a price-to-earnings-growth ratio of 1.77 and a beta of 0.92. The business’s fifty day moving average is $71.90 and its 200 day moving average is $66.60.
Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings data on Monday, July 29th. The business services provider reported $0.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.11. Booz Allen Hamilton had a return on equity of 59.44% and a net margin of 6.27%. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter last year, the business posted $0.72 EPS. Booz Allen Hamilton’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, research analysts anticipate that Booz Allen Hamilton Holding Co. will post 3.07 earnings per share for the current fiscal year.
Booz Allen Hamilton Company Profile
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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