Notable Mover: Will Booz Allen Hamilton Holding Corporation Run Out of Steam Soon?

Notable Mover: Will Booz Allen Hamilton Holding Corporation Run Out of Steam Soon?

The stock of Booz Allen Hamilton Holding Corporation (NYSE:BAH) reached all time high today, Nov, 7 and still has $47.93 target or 49.00% above today’s $32.17 share price. This indicates more upside for the $4.78B company. This technical setup was reported by Barchart.com. If the $47.93 PT is reached, the company will be worth $2.34B 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 919,237 shares traded hands. Booz Allen Hamilton Holding Corporation (NYSE:BAH) has risen 5.45% since April 5, 2016 and is uptrending. It has outperformed by 3.50% 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. Raymond James downgraded the stock to “Market Perform” rating in Tuesday, April 12 report. The stock of Booz Allen Hamilton Holding Corporation (NYSE:BAH) has “Underweight” rating given on Friday, September 11 by Morgan Stanley. The stock of Booz Allen Hamilton Holding Corporation (NYSE:BAH) earned “Outperform” rating by RBC Capital Markets on Thursday, January 28. The firm earned “Outperform” rating on Thursday, October 29 by RBC Capital Markets. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, July 30 report. Wells Fargo upgraded the stock to “Outperform” rating in Thursday, January 7 report. BB&T Capital initiated the stock with “Buy” rating in Tuesday, July 28 report. Bank of America downgraded Booz Allen Hamilton Holding Corporation (NYSE:BAH) on Monday, November 2 to “Neutral” rating. William Blair upgraded the stock to “Outperform” rating in Tuesday, December 22 report. The rating was upgraded by Zacks to “Hold” on Tuesday, August 4.

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.
Glenmede Trust Na reported 18,863 shares or 0% of all its holdings. International Grp holds 0% or 2,859 shares in its portfolio. Moreover, Aqr Capital Mgmt Ltd Limited Liability Company has 0.03% invested in Booz Allen Hamilton Holding Corporation (NYSE:BAH) for 650,850 shares. Cantab Capital Prns Ltd Liability Partnership accumulated 23,344 shares or 0% of the stock. State Board Of Administration Of Florida Retirement Sys, a Florida-based fund reported 109,218 shares. The New York-based Art Advsr Limited has invested 0.09% in Booz Allen Hamilton Holding Corporation (NYSE:BAH). The France-based Fund has invested 0.02% in Booz Allen Hamilton Holding Corporation (NYSE:BAH). Tiaa Cref Mngmt Lc has 477,364 shares for 0.01% of their US portfolio. Bluemountain Limited Company last reported 0.02% of its portfolio in the stock. Carlyle Gru L P accumulated 8.24% or 15.99 million shares. Loomis Sayles & Ltd Partnership accumulated 0.11% or 1.39M shares. Voya Invest Lc owns 100,605 shares or 0.01% of their US portfolio. Glg L P has 0.02% invested in the company for 27,295 shares. Susquehanna International Gp Llp has invested 0% of its portfolio in Booz Allen Hamilton Holding Corporation (NYSE:BAH). Artemis Management Llp has 1.95% invested in the company for 4.05M shares.

Insider Transactions: Since May 25, 2016, the stock had 1 buying transaction, and 6 insider sales for $370.80 million net activity. LOGUE JOSEPH sold $1.92 million worth of stock. EXPLORER COINVEST LLC had sold 13.00M shares worth $364.13M. Shares for $932,979 were sold by Cook Kevin L. On Wednesday, November 2 MAHAFFEE JOSEPH W sold $1.92M worth of the stock or 60,000 shares. Shares for $827 were bought by Penfield Susan L on Thursday, June 30.

More notable recent Booz Allen Hamilton Holding Corporation (NYSE:BAH) news were published by: Wsj.com which released: “Booz Allen Hamilton Launches External Security Review in Wake of Harold Martin …” on October 27, 2016, also Wsj.com with their article: “Booz Allen Faces More Fallout After NSA Contractor’s Arrest” published on October 05, 2016, Wsj.com published: “Booz Allen Hamilton Profit, Sales Climb as Backlog Reaches Record” on May 18, 2016. More interesting news about Booz Allen Hamilton Holding Corporation (NYSE:BAH) were released by: Investorplace.com and their article: “Booz Allen Hamilton Holding Corporation (BAH) Stock Falls on NSA Contractor’s …” published on October 06, 2016 as well as Forbes.com‘s news article titled: “Ex-Dividend Reminder: International Game Technology, Booz Allen Hamilton …” with publication date: August 04, 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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