Strategic Global Advisors LLC Makes New $429,000 Investment in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Strategic Global Advisors LLC bought a new stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,332 shares of the business services provider’s stock, valued at approximately $429,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in shares of Booz Allen Hamilton by 12.5% in the 4th quarter. JPMorgan Chase & Co. now owns 4,518,386 shares of the business services provider’s stock valued at $581,516,000 after purchasing an additional 501,725 shares during the period. First Trust Advisors LP lifted its stake in shares of Booz Allen Hamilton by 15.3% in the 4th quarter. First Trust Advisors LP now owns 2,804,642 shares of the business services provider’s stock valued at $360,957,000 after purchasing an additional 371,390 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Booz Allen Hamilton by 179.7% in the 4th quarter. Janus Henderson Group PLC now owns 1,767,129 shares of the business services provider’s stock valued at $227,425,000 after purchasing an additional 1,135,426 shares during the period. Bank of America Corp DE lifted its stake in shares of Booz Allen Hamilton by 61.4% in the 4th quarter. Bank of America Corp DE now owns 1,552,217 shares of the business services provider’s stock valued at $199,770,000 after purchasing an additional 590,655 shares during the period. Finally, Norges Bank purchased a new position in shares of Booz Allen Hamilton in the 4th quarter valued at approximately $196,578,000. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Stock Performance

Shares of BAH opened at $128.90 on Monday. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.57 and a quick ratio of 1.57. Booz Allen Hamilton Holding Co. has a one year low of $101.05 and a one year high of $190.59. The firm has a market capitalization of $16.32 billion, a P/E ratio of 19.21, a PEG ratio of 1.25 and a beta of 0.56. The business has a fifty day moving average of $113.98 and a 200 day moving average of $127.97.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Truist Financial lowered their price objective on Booz Allen Hamilton from $142.00 to $110.00 and set a “hold” rating for the company in a research note on Monday, April 14th. JPMorgan Chase & Co. lowered their price objective on Booz Allen Hamilton from $140.00 to $120.00 and set an “underweight” rating for the company in a research note on Tuesday, April 15th. William Blair cut Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. The Goldman Sachs Group reiterated a “neutral” rating and set a $109.00 price objective (down previously from $150.00) on shares of Booz Allen Hamilton in a research note on Friday, April 11th. Finally, Wells Fargo & Company lowered their price objective on Booz Allen Hamilton from $164.00 to $148.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $146.45.

Booz Allen Hamilton Profile

Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to governments, corporations, and not-for-profit organizations in the United States and internationally. It focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.