Booz Allen Hamilton Holding Co. (NYSE:BAH) was the recipient of a significant growth in short interest in the month of November. As of November 29th, there was short interest totalling 4,550,000 shares, a growth of 79.1% from the November 14th total of 2,540,000 shares. Currently, 3.3% of the shares of the company are short sold. Based on an average daily trading volume, of 1,250,000 shares, the short-interest ratio is presently 3.6 days.
A number of large investors have recently modified their holdings of the stock. Kings Point Capital Management grew its position in Booz Allen Hamilton by 2.3% during 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 in the last quarter. Jennison Associates LLC grew its position in Booz Allen Hamilton by 2.2% during the second quarter. Jennison Associates LLC now owns 10,440 shares of the business services provider’s stock worth $691,000 after buying an additional 224 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Booz Allen Hamilton by 1.2% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 19,786 shares of the business services provider’s stock worth $1,310,000 after buying an additional 234 shares in the last quarter. Synovus Financial Corp grew its position in Booz Allen Hamilton by 3.8% during the third quarter. Synovus Financial Corp now owns 6,371 shares of the business services provider’s stock worth $454,000 after buying an additional 234 shares in the last quarter. Finally, Roundview Capital LLC grew its position in Booz Allen Hamilton by 1.1% during the second quarter. Roundview Capital LLC now owns 22,735 shares of the business services provider’s stock worth $1,505,000 after buying an additional 250 shares in the last quarter. 90.86% of the stock is currently owned by institutional investors and hedge funds.
BAH has been the topic of several research analyst reports. Zacks Investment Research upgraded Booz Allen Hamilton from a “hold” rating to a “buy” rating and set a $76.00 price objective on the stock in a research note on Monday, November 25th. JPMorgan Chase & Co. started coverage on Booz Allen Hamilton in a research report on Tuesday, September 24th. They issued a “neutral” rating and a $77.00 target price on the stock. Cowen reaffirmed a “buy” rating and issued a $85.00 target price on shares of Booz Allen Hamilton in a research report on Sunday, November 3rd. SunTrust Banks upped their target price on Booz Allen Hamilton to $88.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Finally, ValuEngine downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Booz Allen Hamilton has a consensus rating of “Buy” and a consensus price target of $77.22.
Booz Allen Hamilton (NYSE:BAH) last posted its earnings results on Friday, November 1st. The business services provider reported $0.81 EPS for the quarter, beating the consensus estimate of $0.70 by $0.11. Booz Allen Hamilton had a return on equity of 57.89% and a net margin of 6.40%. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter in the prior year, the business earned $0.68 earnings per share. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. As a group, equities research analysts predict that Booz Allen Hamilton will post 3.12 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th were given a $0.27 dividend. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.56%. Booz Allen Hamilton’s dividend payout ratio is presently 39.13%.
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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