Thornburg Investment Management Inc. Decreases Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Thornburg Investment Management Inc. decreased its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 28.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,704 shares of the business services provider’s stock after selling 1,448 shares during the period. Thornburg Investment Management Inc.’s holdings in Booz Allen Hamilton were worth $470,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Booz Allen Hamilton by 41.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,013 shares of the business services provider’s stock valued at $2,187,000 after acquiring an additional 5,906 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Booz Allen Hamilton by 35.8% in the third quarter. Nisa Investment Advisors LLC now owns 3,258 shares of the business services provider’s stock worth $356,000 after acquiring an additional 858 shares during the period. Duality Advisers LP purchased a new position in Booz Allen Hamilton during the 3rd quarter valued at $1,235,000. Principal Financial Group Inc. raised its holdings in Booz Allen Hamilton by 2.3% in the 3rd quarter. Principal Financial Group Inc. now owns 38,129 shares of the business services provider’s stock worth $4,166,000 after purchasing an additional 859 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Booz Allen Hamilton by 16.1% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,543 shares of the business services provider’s stock worth $387,000 after purchasing an additional 491 shares during the period. 91.82% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Booz Allen Hamilton news, CFO Matthew Calderone sold 1,500 shares of Booz Allen Hamilton stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $146.51, for a total value of $219,765.00. Following the completion of the sale, the chief financial officer now owns 25,462 shares of the company’s stock, valued at approximately $3,730,437.62. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.76% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BAH. JPMorgan Chase & Co. increased their price target on shares of Booz Allen Hamilton from $120.00 to $136.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 6th. The Goldman Sachs Group raised their target price on Booz Allen Hamilton from $141.00 to $158.00 and gave the company a “buy” rating in a research note on Monday, January 29th. Wells Fargo & Company increased their price objective on Booz Allen Hamilton from $138.00 to $158.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 30th. Truist Financial boosted their target price on shares of Booz Allen Hamilton from $120.00 to $145.00 and gave the company a “hold” rating in a report on Monday, January 29th. Finally, Jefferies Financial Group lifted their price target on shares of Booz Allen Hamilton from $150.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $145.11.

Booz Allen Hamilton Stock Up 0.9 %

Booz Allen Hamilton stock traded up $1.42 during trading hours on Thursday, hitting $152.37. The stock had a trading volume of 201,207 shares, compared to its average volume of 642,046. The stock’s 50-day moving average price is $146.73 and its 200-day moving average price is $137.44. Booz Allen Hamilton Holding Co. has a 12-month low of $89.80 and a 12-month high of $156.83. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 3.10. The stock has a market capitalization of $19.77 billion, a P/E ratio of 48.69, a price-to-earnings-growth ratio of 2.05 and a beta of 0.53.

About Booz Allen Hamilton

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 also focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.