Booz Allen Hamilton (NYSE:BAH) Sees Unusually-High Trading Volume

Booz Allen Hamilton Holding Co. (NYSE:BAH) shares saw an uptick in trading volume on Monday . 1,976,036 shares were traded during trading, an increase of 85% from the previous session’s volume of 1,069,045 shares.The stock last traded at $73.42 and had previously closed at $72.76.

Several brokerages have weighed in on BAH. SunTrust Banks raised their price target on Booz Allen Hamilton to $88.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Wells Fargo & Co reissued a “hold” rating on shares of Booz Allen Hamilton in a research report on Friday, November 1st. Zacks Investment Research raised shares of Booz Allen Hamilton from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a report on Monday, November 25th. ValuEngine cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Cowen reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Booz Allen Hamilton in a report on Sunday, November 3rd. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $77.22.

The business’s 50-day simple moving average is $71.65 and its two-hundred day simple moving average is $69.52. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.77. The stock has a market cap of $10.06 billion, a P/E ratio of 26.17, a price-to-earnings-growth ratio of 1.80 and a beta of 0.89.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings data on Friday, November 1st. The business services provider reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.11. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.78 billion. Booz Allen Hamilton had a net margin of 6.40% and a return on equity of 57.89%. Booz Allen Hamilton’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period last year, the firm earned $0.68 EPS. Analysts anticipate that Booz Allen Hamilton Holding Co. will post 3.12 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 14th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date was Wednesday, November 13th. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.13. Booz Allen Hamilton’s payout ratio is currently 39.13%.

Institutional investors have recently modified their holdings of the stock. Kings Point Capital Management boosted its holdings in shares of Booz Allen Hamilton by 2.3% in the second quarter. Kings Point Capital Management now owns 8,474 shares of the business services provider’s stock worth $561,000 after buying an additional 193 shares during the last quarter. Jennison Associates LLC grew its holdings in Booz Allen Hamilton by 2.2% during the 2nd quarter. Jennison Associates LLC now owns 10,440 shares of the business services provider’s stock valued at $691,000 after buying an additional 224 shares in the last quarter. AGF Investments LLC increased its holdings in Booz Allen Hamilton by 1.0% in the 2nd quarter. AGF Investments LLC now owns 22,947 shares of the business services provider’s stock valued at $1,519,000 after acquiring an additional 225 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Booz Allen Hamilton by 1.2% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 19,786 shares of the business services provider’s stock valued at $1,310,000 after purchasing an additional 234 shares during the last quarter. Finally, Synovus Financial Corp grew its holdings in Booz Allen Hamilton by 3.8% during the 3rd quarter. Synovus Financial Corp now owns 6,371 shares of the business services provider’s stock valued at $454,000 after buying an additional 234 shares in the last quarter. Institutional investors own 90.88% of the company’s stock.

Booz Allen Hamilton Company Profile (NYSE:BAH)

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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