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

Booz Allen Hamilton Holding Co. (NYSE:BAH)’s stock price 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.

The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.33. Booz Allen Hamilton had a return on equity of 65.80% and a net margin of 5.57%. The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $2.96 billion.

Analyst Ratings Changes

A number of equities analysts recently weighed in on BAH shares. Wells Fargo & Company increased their price objective on shares of Booz Allen Hamilton from $165.00 to $185.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. StockNews.com lowered Booz Allen Hamilton from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group boosted their price objective on Booz Allen Hamilton from $174.00 to $196.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Truist Financial raised their target price on Booz Allen Hamilton from $140.00 to $165.00 and gave the company a “hold” rating in a report on Thursday, September 5th. Finally, Barclays cut their price target on shares of Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating on the stock in a research note on Tuesday, July 30th. Three 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’s stock. Based on data from MarketBeat.com, Booz Allen Hamilton currently has an average rating of “Hold” and an average price target of $170.75.

Insider Buying and Selling at Booz Allen Hamilton

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

Hedge Funds Weigh In On Booz Allen Hamilton

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Opal Wealth Advisors LLC acquired a new position in Booz Allen Hamilton in the second quarter valued at $26,000. OFI Invest Asset Management purchased a new position in Booz Allen Hamilton during the 2nd quarter worth approximately $29,000. Innealta Capital LLC acquired a new position in Booz Allen Hamilton during the second quarter worth approximately $34,000. MCF Advisors LLC increased its position in Booz Allen Hamilton by 103.6% during the first quarter. MCF Advisors LLC now owns 226 shares of the business services provider’s stock worth $34,000 after buying an additional 115 shares during the period. Finally, Crewe Advisors LLC purchased a new stake in Booz Allen Hamilton in the first quarter valued at approximately $35,000. 91.82% of the stock is owned by institutional investors and hedge funds.

Booz Allen Hamilton Price Performance

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

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.