Rakuten Investment Management Inc. Buys Shares of 65,072 Booz Allen Hamilton Holding Corporation $BAH

Rakuten Investment Management Inc. bought a new position in Booz Allen Hamilton Holding Corporation (NYSE:BAH) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 65,072 shares of the business services provider’s stock, valued at approximately $6,504,000. Rakuten Investment Management Inc. owned approximately 0.05% of Booz Allen Hamilton as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of BAH. Nicholas Company Inc. raised its holdings in Booz Allen Hamilton by 7.2% during the second quarter. Nicholas Company Inc. now owns 57,892 shares of the business services provider’s stock valued at $6,028,000 after buying an additional 3,875 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Booz Allen Hamilton by 227.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 698,930 shares of the business services provider’s stock valued at $72,780,000 after acquiring an additional 485,425 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Booz Allen Hamilton by 720.6% in the 3rd quarter. SG Americas Securities LLC now owns 52,189 shares of the business services provider’s stock valued at $5,216,000 after acquiring an additional 45,829 shares in the last quarter. Renaissance Group LLC raised its stake in shares of Booz Allen Hamilton by 2.7% in the 2nd quarter. Renaissance Group LLC now owns 242,586 shares of the business services provider’s stock valued at $25,260,000 after acquiring an additional 6,390 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in Booz Allen Hamilton by 49.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,345,982 shares of the business services provider’s stock worth $240,698,000 after purchasing an additional 779,156 shares during the period. Institutional investors and hedge funds own 91.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BAH. Bank of America lowered shares of Booz Allen Hamilton from a “buy” rating to an “underperform” rating and set a $90.00 price target on the stock. in a research report on Friday, October 24th. UBS Group dropped their target price on shares of Booz Allen Hamilton from $115.00 to $93.00 and set a “neutral” rating on the stock in a report on Monday, October 27th. Truist Financial set a $90.00 target price on shares of Booz Allen Hamilton in a research report on Friday, October 24th. Weiss Ratings downgraded Booz Allen Hamilton from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, January 12th. Finally, TD Cowen lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, Booz Allen Hamilton has a consensus rating of “Hold” and an average target price of $109.46.

Insider Activity at Booz Allen Hamilton

In other news, CEO Horacio Rozanski acquired 23,800 shares of the firm’s stock in a transaction dated Thursday, October 30th. The shares were bought at an average price of $84.66 per share, with a total value of $2,014,908.00. Following the acquisition, the chief executive officer owned 687,745 shares of the company’s stock, valued at $58,224,491.70. This trade represents a 3.58% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.91% of the company’s stock.

Booz Allen Hamilton Stock Performance

NYSE:BAH opened at $95.74 on Friday. The firm’s 50-day moving average is $87.92 and its 200-day moving average is $97.34. The company has a market cap of $11.61 billion, a price-to-earnings ratio of 14.62, a PEG ratio of 1.68 and a beta of 0.34. The company has a debt-to-equity ratio of 3.89, a quick ratio of 1.76 and a current ratio of 1.76. Booz Allen Hamilton Holding Corporation has a 52-week low of $79.23 and a 52-week high of $146.95.

Booz Allen Hamilton (NYSE:BAH) last released its earnings results on Friday, October 24th. The business services provider reported $1.49 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.49. Booz Allen Hamilton had a return on equity of 71.87% and a net margin of 7.06%.The business had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same period last year, the business earned $1.81 earnings per share. The firm’s revenue for the quarter was down 8.1% compared to the same quarter last year. Equities research analysts anticipate that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Profile

Booz Allen Hamilton Holding Corporation is a publicly traded management and technology consulting firm headquartered in McLean, Virginia. The company provides a wide range of professional services and solutions in strategy, analytics, digital transformation, engineering and cyber security. Its expertise spans from supporting federal civilian agencies to defense, intelligence and homeland security organizations, as well as select commercial industries.

Key offerings include data analytics and artificial intelligence applications, software development and modernization, systems integration, and cyber risk management.