QUOTE AND NEWS
SeekingAlpha  Jul 25  Comment 
ByBrian Grosso: I was motivated to research Booz Allen Hamilton (NYSE:BAH) for two reasons. I recently looked at another IT-oriented consulting company, Accenture (NYSE:ACN), and I'm really quite bullish on the broad consulting industry (both...
Benzinga  Jul 24  Comment 
In a report published Thursday, Morgan Stanley analyst Suzanne E. Stein reiterated an Equal-Weight rating on Booz Allen Hamilton (NYSE: BAH), and raised the price target from $21.00 to $22.00. In the report, Morgan Stanley noted, “A lack of...
Benzinga  Jul 14  Comment 
Booz Allen Hamilton (NYSE: BAH) announced that CEO Ralph Shrader will step down as CEO after 15 years in the position, but continue to serve as chairman of the board. On January 1, Horacio Rozanski will take over as the chief executive and...
Forbes  Jul 2  Comment 
Former National Intelligence Director Adm. Mike McConnell (now at Booz Allen Hamilton) notes in this interview at Techonomy's recent Data Security Lab that our democracy has traditionally made decisions and developed legislation in reaction to...
Benzinga  Jul 1  Comment 
Below are the top management services stocks on the NYSE and the NASDAQ in terms of dividend yield. Resources Connection (NASDAQ: RECN) has a dividend yield of 2.20%. Resources Connection's shares closed at $13.11 on Monday. Booz Allen...
StreetInsider.com  Jun 17  Comment 
UPGRADES Keefe, Bruyette & Woods lifts Apollo Investment (Nasdaq: AINV) from Market Perform to Outperform with a price target of $9.50. Goldman Sachs boosts DSW Inc. (NYSE: DSW) from Neutral to Buy and moves its price target from $27 up to $35. ...
TheStreet.com  Jun 17  Comment 
NEW YORK (TheStreet) -- Bank of America/Merrill Lynch downgraded Booz Allen Hamilton  to "underperform" from "buy" and set a $22 price target based on valuation. The stock was 2.11% to $21.37 in pre-market trading on Tuesday. Must Read:...
Jutia Group  Jun 4  Comment 
Looking at the universe of stocks we cover at Dividend Channel, on 6/6/14, TELUS Corp. , Symantec Corp. , and Booz Allen Hamilton Holding Corp. will all trade ex-dividend for their respective upcoming dividends. TELUS Corp. will pay its...
TheStreet.com  May 29  Comment 
NEW YORK (TheStreet) -- Booz Allen Hamilton Holding  stock is lower Thursday after the management and consulting firm announced the sale of 10 million shares of its common stock by an affiliate of The Carlyle Group. Booz Allen will not receive...
DailyFinance  May 28  Comment 
Booz Allen Hamilton Holding Corporation (“Booz Allen”) (NYSE: BAH), the parent company of management consulting, technology, and engineering services firm Booz Allen Hamilton Inc., today announced the sale of an aggregate...




 
TOP CONTRIBUTORS

Booz Allen Hamilton (NYSE:BAH) sells and executes on management and technology consulting engagements with the US government's defense, intelligence, and civil domains. The vast majority of Booz Allen Hamilton's revenues come from contracts with U.S. government clients.[1] [1] In 2008, Booz Allen Hamilton separated from its parent company, Booz and Company.[2] This separation, which was negotiated under a non-compete agreement through the second quarter of 2011, will allow Booz Allen Hamilton to eventually expand into commercial and private industries.[2] This may offer Booz Allen Hamilton a chance to hedge a potential loss in revenue facing decreasing government expenditures.

Business Growth

The company's initial public offering of stock on the NYSE occurred on November 16, 2010. The company offered 14M shares each for $17. This was at at the low end of its $17-$19 range. The IPO raised a total of $238M. The lead underwriters of the deal were Morgan Stanley (MS) and Barclays (BCS).[3] Booz Allen Hamilton's total revenue increased by 17% from 2009 to 2010. The company had reported a total revenue figure of $4.4B in 2009 and $5.1B in 2010. The company also reported a net income of $25M in 2010. [4]

Trends and Forces

Booz Allen Hamilton's Separation from Booz and Company Will Open New Markets for Competition

When Booz Allen Hamilton separated from Booz and Company, the two companies signed a no-compete agreement that was set to expire in the second quarter of FY2011.[5] When this agreement expires, Booz Allen Hamilton will have an opportunity to compete in international and commercial markets - a previously untouched market as stipulated by the aforementioned agreement.[5]

Revenue Contingent on Continued U.S. Government Spending

Almost all of Booz Allen Hamilton's revenue come from contracts with the U.S. government, especially in defense and intelligence. As U.S. economic concerns continue, lawmakers may be inclined to cut into the near trillion dollar U.S. defense budget. Such cuts would have second and third order effects in the private consulting industry, especially on companies such as Booz Allen Hamilton that are reliant upon contracts for their revenues.

Competition

Booz Allen Hamilton competes in a largely saturated, private industry that provides consultation services for the U.S. government. Booz Allen's main competitors include SAIC (SAI), Lockheed Martin (LMT), and Raytheon Company (RTN).

References

  1. 1.0 1.1 | Booz Allen Hamilton 2009 Annual Report
  2. 2.0 2.1 Booz Allen separate
  3. Renaissance Capital - IPO Home "Booz Allen Hamilton prices IPO at $17, bottom of the range" 16 Nov 2010
  4. BAH 2010 S-1/A PROSPECTUS SUMMARY "SUMMARY OF HISTORICAL CONSOLIDATED FINANCIAL AND OTHER DATA" pg10
  5. 5.0 5.1 Morgan Stanley Maintains Overweight on Booz Allen
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