Booz Allen Hamilton (NYSE:BAH) Shares Gap Up Following Better-Than-Expected Earnings

Booz Allen Hamilton Holding Co. (NYSE:BAH) shares gapped up before the market opened on Friday after the company announced better than expected quarterly earnings. The stock had previously closed at $166.55, but opened at $181.01. Booz Allen Hamilton shares last traded at $186.30, with a volume of 457,537 shares changing hands.

The business services provider reported $1.81 EPS for the quarter, beating the consensus estimate of $1.48 by $0.33. Booz Allen Hamilton had a net margin of 5.57% and a return on equity of 65.80%. The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $2.96 billion.

Wall Street Analysts Forecast Growth

BAH has been the subject of several analyst reports. JPMorgan Chase & Co. lowered Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and raised their price target for the stock from $154.00 to $158.00 in a research report on Wednesday, October 2nd. TD Cowen cut their target price on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Monday, July 29th. Wells Fargo & Company upped their price target on shares of Booz Allen Hamilton from $165.00 to $185.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. The Goldman Sachs Group raised their price target on shares of Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, StockNews.com cut shares of Booz Allen Hamilton from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $170.75.

Insider Buying and Selling

In other news, CFO Matthew Calderone sold 3,865 shares of Booz Allen Hamilton stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $160.00, for a total transaction of $618,400.00. Following the sale, the chief financial officer now owns 33,683 shares of the company’s stock, valued at approximately $5,389,280. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Melody C. Barnes sold 1,041 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $143.31, for a total value of $149,185.71. Following the sale, the director now directly owns 18,123 shares of the company’s stock, valued at $2,597,207.13. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Matthew Calderone sold 3,865 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $160.00, for a total value of $618,400.00. Following the completion of the transaction, the chief financial officer now owns 33,683 shares of the company’s stock, valued at approximately $5,389,280. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.59% of the stock is currently owned by insiders.

Institutional Trading of Booz Allen Hamilton

Hedge funds and other institutional investors have recently modified their holdings of the business. Opal Wealth Advisors LLC purchased a new position in Booz Allen Hamilton during the 2nd quarter valued at about $26,000. OFI Invest Asset Management bought a new position in shares of Booz Allen Hamilton during the second quarter valued at approximately $29,000. MCF Advisors LLC lifted its holdings in shares of Booz Allen Hamilton by 103.6% during the first quarter. MCF Advisors LLC now owns 226 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 115 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of Booz Allen Hamilton in the 2nd quarter worth approximately $34,000. Finally, Crewe Advisors LLC purchased a new stake in shares of Booz Allen Hamilton in the 1st quarter worth approximately $35,000. 91.82% of the stock is owned by hedge funds and other institutional investors.

Booz Allen Hamilton Trading Up 9.2 %

The stock has a 50-day moving average of $158.82 and a two-hundred day moving average of $153.47. The company has a market cap of $23.53 billion, a P/E ratio of 39.55, a price-to-earnings-growth ratio of 2.33 and a beta of 0.59. The company has a debt-to-equity ratio of 3.07, a quick ratio of 1.55 and a current ratio of 1.55.

About Booz Allen Hamilton

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.