Booz Allen Hamilton Holding Corporation $BAH Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. lowered its position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 31.1% during the fourth quarter, Holdings Channel reports. The firm owned 1,168,005 shares of the business services provider’s stock after selling 527,803 shares during the quarter. Bessemer Group Inc.’s holdings in Booz Allen Hamilton were worth $98,533,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Booz Allen Hamilton by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 13,946,447 shares of the business services provider’s stock worth $1,176,522,000 after purchasing an additional 227,141 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Booz Allen Hamilton by 48.6% during the third 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 in the last quarter. First Trust Advisors LP increased its position in shares of Booz Allen Hamilton by 10.6% during the third 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 in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Booz Allen Hamilton by 8.5% during the fourth 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 in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Booz Allen Hamilton by 14.7% during the second 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 in the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

Wall Street Analyst Weigh In

BAH has been the topic of a number of research analyst reports. Stifel Nicolaus lifted their target price on Booz Allen Hamilton from $106.00 to $115.00 and gave the stock a “hold” rating in a research report on Monday, January 26th. Wells Fargo & Company assumed coverage on Booz Allen Hamilton in a research report on Wednesday, April 1st. They issued an “equal weight” rating and a $85.00 price target on the stock. DA Davidson set a $81.00 price target on Booz Allen Hamilton in a research report on Tuesday, January 27th. Truist Financial dropped their price target on Booz Allen Hamilton from $98.00 to $85.00 and set a “hold” rating on the stock in a research report on Monday, April 20th. Finally, UBS Group restated a “neutral” rating and issued a $97.00 price target on shares of Booz Allen Hamilton in a research report on Tuesday, January 27th. One investment analyst has rated the stock with a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Booz Allen Hamilton currently has a consensus rating of “Reduce” and a consensus price target of $93.33.

Booz Allen Hamilton Stock Performance

Shares of BAH stock opened at $72.60 on Friday. The stock has a market capitalization of $8.75 billion, a PE ratio of 10.79, a price-to-earnings-growth ratio of 4.24 and a beta of 0.32. Booz Allen Hamilton Holding Corporation has a 52-week low of $68.83 and a 52-week high of $130.91. The stock’s 50-day moving average price is $78.81 and its 200 day moving average price is $83.53. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 3.76.

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.