The stock of Booz Allen Hamilton Holding Corporation (NYSE:BAH) reached all time high today, Nov, 14 and still has $46.05 target or 31.00% above today’s $35.15 share price. This indicates more upside for the $5.38B company. This technical setup was reported by Barchart.com. If the $46.05 PT is reached, the company will be worth $1.67B 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 1.02 million shares traded hands. Booz Allen Hamilton Holding Corporation (NYSE:BAH) has risen 21.57% since April 12, 2016 and is uptrending. It has outperformed by 16.59% 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 has “Neutral” rating by Bank of America given on Monday, November 2. The rating was upgraded by Wells Fargo to “Outperform” on Thursday, January 7. The company was downgraded on Tuesday, April 12 by Raymond James. RBC Capital Markets maintained it with “Outperform” rating and $35 target price in Thursday, January 28 report. The firm has “Outperform” rating given on Thursday, October 6 by Raymond James. The stock has “Underweight” rating given by Morgan Stanley on Friday, September 11. The stock of Booz Allen Hamilton Holding Corporation (NYSE:BAH) earned “Outperform” rating by RBC Capital Markets on Thursday, October 29. Zacks upgraded the stock to “Hold” rating in Tuesday, August 4 report. William Blair upgraded the stock to “Outperform” rating in Tuesday, December 22 report. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, July 30 report.
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 increased, 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.
Macquarie Gp last reported 0.01% of its portfolio in the stock. Strategic Invest Management Lc accumulated 7,092 shares or 0.11% of the stock. Bluecrest Capital Management Ltd has 0.01% invested in the company for 10,440 shares. Verition Fund Mngmt Limited Liability Com reported 12,298 shares or 0.05% of all its holdings. Ftb Advsr Inc has invested 0% of its portfolio in Booz Allen Hamilton Holding Corporation (NYSE:BAH). Highland Limited Liability holds 0.22% of its portfolio in Booz Allen Hamilton Holding Corporation (NYSE:BAH) for 85,947 shares. Ngam Advisors L P accumulated 0.21% or 506,829 shares. Wellington Management Llp accumulated 1.63M shares or 0.01% of the stock. Oregon Employees Retirement Fund owns 12,655 shares or 0.01% of their US portfolio. Westpac Bk, a Australia-based fund reported 12,727 shares. Marshall Wace Llp owns 1.02M shares or 0.25% of their US portfolio. Royal National Bank Of Canada accumulated 0% or 158,658 shares. Retail Bank Of America De has 944,586 shares for 0.01% of their US portfolio. Cantab Partners Ltd Liability Partnership has 0% invested in the company for 23,344 shares. Advisory Serv Lc last reported 0.06% of its portfolio in the stock.
Insider Transactions: Since May 25, 2016, the stock had 1 buying transaction, and 7 insider sales for $372.92 million net activity. Another trade for 16,223 shares valued at $511,025 was made by LOGUE JOSEPH on Wednesday, July 27. $827 worth of Booz Allen Hamilton Holding Corporation (NYSE:BAH) was bought by Penfield Susan L on Thursday, June 30. On Wednesday, May 25 the insider Cook Kevin L sold $932,979. $1.92 million worth of Booz Allen Hamilton Holding Corporation (NYSE:BAH) was sold by MAHAFFEE JOSEPH W. 13.00 million shares were sold by EXPLORER COINVEST LLC, worth $364.13 million.
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: Seekingalpha.com and their article: “Booz Allen Hamilton Holding (BAH) Q2 2017 Results – Earnings Call Transcript” 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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