Swiss Life Asset Management Ltd Reduces Position in Booz Allen Hamilton Holding Corporation $BAH

Swiss Life Asset Management Ltd lowered its holdings in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 71.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,467 shares of the business services provider’s stock after selling 55,930 shares during the period. Swiss Life Asset Management Ltd’s holdings in Booz Allen Hamilton were worth $1,895,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of BAH. AQR Capital Management LLC boosted its stake in 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 period. Primecap Management Co. CA raised its stake in Booz Allen Hamilton by 56.6% during the 3rd quarter. Primecap Management Co. CA now owns 1,983,838 shares of the business services provider’s stock valued at $198,285,000 after acquiring an additional 716,780 shares during the last quarter. Victory Capital Management Inc. raised its stake in Booz Allen Hamilton by 1,269.7% during the 3rd quarter. Victory Capital Management Inc. now owns 665,152 shares of the business services provider’s stock valued at $66,482,000 after acquiring an additional 616,591 shares during the last quarter. Vanguard Group Inc. raised its stake in Booz Allen Hamilton by 4.4% during the 3rd quarter. Vanguard Group Inc. now owns 13,719,306 shares of the business services provider’s stock valued at $1,371,245,000 after acquiring an additional 582,069 shares during the last quarter. Finally, Two Sigma Investments LP raised its stake in Booz Allen Hamilton by 410.8% during the 3rd quarter. Two Sigma Investments LP now owns 720,230 shares of the business services provider’s stock valued at $71,987,000 after acquiring an additional 579,222 shares during the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

Booz Allen Hamilton Price Performance

Booz Allen Hamilton stock opened at $72.60 on Friday. Booz Allen Hamilton Holding Corporation has a one year low of $68.83 and a one year high of $130.91. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.81 and a current ratio of 1.81. The business has a fifty day moving average of $78.81 and a two-hundred day moving average of $83.53. The company has a market cap of $8.75 billion, a P/E ratio of 10.79, a price-to-earnings-growth ratio of 4.24 and a beta of 0.32.

Wall Street Analyst Weigh In

Several analysts have commented on BAH shares. Truist Financial reduced their price objective on Booz Allen Hamilton from $98.00 to $85.00 and set a “hold” rating for the company in a research note on Monday, April 20th. Stifel Nicolaus upped their price objective on Booz Allen Hamilton from $106.00 to $115.00 and gave the company a “hold” rating in a research note on Monday, January 26th. Wells Fargo & Company started coverage on shares of Booz Allen Hamilton in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $85.00 price objective on the stock. DA Davidson set a $81.00 price objective on shares of Booz Allen Hamilton in a research note on Tuesday, January 27th. Finally, Jefferies Financial Group set a $85.00 price objective on shares of Booz Allen Hamilton in a research note on Monday. One investment analyst has rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target 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.