Today’s Market Runner: Could Booz Allen Hamilton Holding Corporation Go Down After Touching Record High?

Today's Market Runner: Could Booz Allen Hamilton Holding Corporation Go Down After Touching Record High?

The stock of Booz Allen Hamilton Holding Corporation (NYSE:BAH) reached all time high today, Nov, 2 and still has $42.03 target or 33.00% above today’s $31.60 share price. This indicates more upside for the $4.57 billion company. This technical setup was reported by Barchart.com. If the $42.03 PT is reached, the company will be worth $1.51 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 2.59M shares traded hands or 180.56% up from the average. Booz Allen Hamilton Holding Corporation (NYSE:BAH) has declined 0.79% since March 31, 2016 and is downtrending. It has underperformed by 3.32% the S&P500.

Booz Allen Hamilton Holding Corporation (NYSE:BAH) Ratings Coverage

Out of 9 analysts covering Booz Allen Hamilton Holding Corporation (NYSE:BAH), 7 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 78% are positive. Booz Allen Hamilton Holding Corporation has been the topic of 14 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Thursday, October 6 by Raymond James. The company was maintained on Thursday, January 28 by RBC Capital Markets. The firm has “Buy” rating given on Tuesday, July 28 by BB&T Capital. The firm has “Market Perform” rating by Raymond James given on Tuesday, April 12. The rating was upgraded by William Blair on Tuesday, December 22 to “Outperform”. The stock of Booz Allen Hamilton Holding Corporation (NYSE:BAH) earned “Buy” rating by Jefferies on Wednesday, January 20. On Monday, November 2 the stock rating was downgraded by Bank of America to “Neutral”. The firm has “Hold” rating given on Tuesday, August 4 by Zacks. On Thursday, July 30 the stock rating was maintained by RBC Capital Markets with “Outperform”. On Thursday, October 29 the stock rating was maintained by RBC Capital Markets with “Outperform”.

According to Zacks Investment Research, “Booz Allen Hamilton Inc. is engaged in providing management and technology consulting services to the U.S. government in the defense, intelligence and civil markets. Technological services offered by the Company include Cyber technologies, SE&I, Systems development and Strategic technology and innovation. Its major clients include the Department of Defense, all branches of the U.S. military, the U.S. Intelligence Community, and civil agencies such as the Department of Homeland Security, the Department of Energy, the Department of Health and Human Services, the Department of the Treasury and the Environmental Protection Agency. Booz Allen Hamilton Inc. is headquartered in McLean, Virginia, the United States of America.”

Insitutional Activity: The institutional sentiment increased to 1.64 in 2016 Q2. Its up 0.56, from 1.08 in 2016Q1. The ratio is positive, as 26 funds sold all Booz Allen Hamilton Holding Corporation shares owned while 54 reduced positions. 33 funds bought stakes while 98 increased positions. They now own 127.62 million shares or 2.61% less from 131.05 million shares in 2016Q1.
Artemis Mngmt Llp accumulated 4.05M shares or 1.95% of the stock. Ladenburg Thalmann Fincl Ser last reported 0.01% of its portfolio in the stock. Ameriprise Finance Inc has 0.01% invested in the company for 536,753 shares. Aperio Grp Ltd Liability Com accumulated 17,894 shares or 0% of the stock. Art Limited Liability, a New York-based fund reported 57,665 shares. Marshall Wace Ltd Liability Partnership holds 1.02M shares or 0.25% of its portfolio. Palisade Cap Ltd Liability Corp Nj holds 0.02% or 16,847 shares in its portfolio. Kanaly Company holds 0% of its portfolio in Booz Allen Hamilton Holding Corporation (NYSE:BAH) for 448 shares. Burgundy Asset Ltd holds 0.66% of its portfolio in Booz Allen Hamilton Holding Corporation (NYSE:BAH) for 2.22 million shares. The California-based Globeflex Cap Limited Partnership has invested 0.4% in Booz Allen Hamilton Holding Corporation (NYSE:BAH). Cap Fund Management has invested 0.02% of its portfolio in Booz Allen Hamilton Holding Corporation (NYSE:BAH). Neuberger Berman Group Inc Lc last reported 0% of its portfolio in the stock. Point72 Asset Mgmt Limited Partnership holds 583,400 shares or 0.12% of its portfolio. Wells Fargo And Mn last reported 0% of its portfolio in the stock. Westpac Banking has 12,727 shares for 0% of their US portfolio.

Insider Transactions: Since May 25, 2016, the stock had 1 buy, and 4 insider sales for $366.96 million net activity. $827 worth of Booz Allen Hamilton Holding Corporation (NYSE:BAH) was bought by Penfield Susan L. On Wednesday, May 25 Cook Kevin L sold $932,979 worth of the stock or 31,992 shares. 13.00M shares were sold by EXPLORER COINVEST LLC, worth $364.13 million. 16,223 shares were sold by LOGUE JOSEPH, worth $511,025.

More notable recent Booz Allen Hamilton Holding Corporation (NYSE:BAH) news were published by: Seekingalpha.com which released: “Booz Allen Hamilton Holding (BAH) Q2 2017 Results – Earnings Call Transcript” on November 02, 2016, also Wsj.com with their article: “Booz Allen Hamilton Launches External Security Review in Wake of Harold Martin …” published on October 27, 2016, Businesswire.com published: “Booz Allen Hamilton Announces Second Quarter Fiscal 2017 Results” on November 02, 2016. More interesting news about Booz Allen Hamilton Holding Corporation (NYSE:BAH) were released by: Benzinga.com and their article: “Stocks Hitting 52-Week Highs” published on November 02, 2016 as well as Investorplace.com‘s news article titled: “Booz Allen Hamilton Holding Corporation (BAH) Stock Falls on NSA Contractor’s …” with publication date: October 06, 2016.

BAH Company Profile

Booz Allen Hamilton Holding Corporation, incorporated on May 12, 2008, is a holding company. The Firm is a well-known provider of management and technology, consulting and engineering services to the United States and international governments, firms and not-for-profit organizations. The Company’s client base includes government, commercial and international clients. The Company’s commercial clients in the United States are primarily in the financial services, healthcare and life sciences, energy, high-technology manufacturing, retail, and automotive industries. The Company’s international clients are primarily in the Middle East, along with a presence in Southeast Asia.

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