Tredje AP fonden Makes New Investment in Booz Allen Hamilton Holding Corporation $BAH

Tredje AP fonden bought a new position in Booz Allen Hamilton Holding Corporation (NYSE:BAH) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 10,873 shares of the business services provider’s stock, valued at approximately $917,000.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Booz Allen Hamilton by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 13,946,447 shares of the business services provider’s stock worth $1,176,522,000 after buying an additional 227,141 shares during the period. AQR Capital Management LLC lifted its stake in shares of Booz Allen Hamilton by 48.6% during the 3rd quarter. AQR Capital Management LLC now owns 3,812,243 shares of the business services provider’s stock worth $377,488,000 after purchasing an additional 1,246,451 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Booz Allen Hamilton by 10.6% during the 3rd quarter. First Trust Advisors LP now owns 3,571,053 shares of the business services provider’s stock worth $356,927,000 after purchasing an additional 342,252 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Booz Allen Hamilton by 8.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,545,572 shares of the business services provider’s stock worth $216,094,000 after purchasing an additional 199,590 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Booz Allen Hamilton by 14.7% during the 2nd quarter. Bank of America Corp DE now owns 2,297,416 shares of the business services provider’s stock worth $239,230,000 after purchasing an additional 293,603 shares during the last quarter. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

Booz Allen Hamilton Trading Up 0.6%

Booz Allen Hamilton stock opened at $77.44 on Thursday. The stock has a 50-day moving average of $78.54 and a two-hundred day moving average of $83.36. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.81 and a current ratio of 1.81. Booz Allen Hamilton Holding Corporation has a one year low of $68.83 and a one year high of $129.50. The stock has a market cap of $9.34 billion, a PE ratio of 11.51, a price-to-earnings-growth ratio of 4.44 and a beta of 0.32.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BAH. UBS Group restated a “neutral” rating and set a $97.00 price objective on shares of Booz Allen Hamilton in a research note on Tuesday, January 27th. Jefferies Financial Group set a $85.00 price objective on Booz Allen Hamilton in a research note on Monday, May 11th. Wells Fargo & Company began coverage on Booz Allen Hamilton in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $85.00 price objective for the company. William Blair restated an “outperform” rating on shares of Booz Allen Hamilton in a research note on Tuesday, March 3rd. Finally, Citigroup decreased their price objective on Booz Allen Hamilton from $109.00 to $87.00 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. One equities research analyst has rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $93.33.

About Booz Allen Hamilton

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.