Booz Allen Hamilton (NYSE:BAH) Shares Gap Down - Time to Sell?

Booz Allen Hamilton Holding Co. (NYSE:BAH - Get Free Report) shares gapped down prior to trading on Friday . The stock had previously closed at $129.13, but opened at $106.80. Booz Allen Hamilton shares last traded at $110.65, with a volume of 2,897,800 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on BAH shares. William Blair cut Booz Allen Hamilton from an "outperform" rating to a "market perform" rating in a research report on Friday, February 21st. Cantor Fitzgerald raised shares of Booz Allen Hamilton to a "strong-buy" rating in a research report on Tuesday, February 25th. The Goldman Sachs Group reissued a "neutral" rating and issued a $109.00 price objective (down from $150.00) on shares of Booz Allen Hamilton in a research report on Friday, April 11th. Truist Financial dropped their price objective on shares of Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Finally, UBS Group increased their price objective on shares of Booz Allen Hamilton from $120.00 to $135.00 and gave the company a "neutral" rating in a research report on Monday. One analyst has rated the stock with a sell rating, eight have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $141.70.

Booz Allen Hamilton Stock Performance

The stock's 50-day moving average price is $115.31 and its 200-day moving average price is $127.26. The company has a market cap of $14.06 billion, a P/E ratio of 16.60, a PEG ratio of 1.25 and a beta of 0.56. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.57 and a quick ratio of 1.57.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last released its quarterly earnings results on Friday, May 23rd. The business services provider reported $1.61 earnings per share for the quarter, beating analysts' consensus estimates of $1.59 by $0.02. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. The company had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same period in the previous year, the business earned $1.33 earnings per share. The firm's quarterly revenue was up 7.3% on a year-over-year basis. Equities analysts anticipate that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. GW&K Investment Management LLC increased its position in shares of Booz Allen Hamilton by 0.7% in the fourth quarter. GW&K Investment Management LLC now owns 461,517 shares of the business services provider's stock worth $59,397,000 after purchasing an additional 3,435 shares during the period. Versor Investments LP acquired a new stake in shares of Booz Allen Hamilton during the 4th quarter worth approximately $933,000. FIL Ltd boosted its position in shares of Booz Allen Hamilton by 63.3% during the 4th quarter. FIL Ltd now owns 153,343 shares of the business services provider's stock worth $19,735,000 after acquiring an additional 59,440 shares in the last quarter. Bridges Investment Management Inc. lifted its position in shares of Booz Allen Hamilton by 19.2% during the 4th quarter. Bridges Investment Management Inc. now owns 117,661 shares of the business services provider's stock worth $15,143,000 after buying an additional 18,930 shares during the last quarter. Finally, Cumberland Partners Ltd lifted its position in shares of Booz Allen Hamilton by 92.2% during the 4th quarter. Cumberland Partners Ltd now owns 99,330 shares of the business services provider's stock worth $12,784,000 after buying an additional 47,655 shares during the last quarter. Institutional investors own 91.82% of the company's stock.

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.

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