Bamco Inc. NY Purchases 21,993 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Bamco Inc. NY increased its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 7.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 336,753 shares of the business services provider's stock after acquiring an additional 21,993 shares during the quarter. Bamco Inc. NY owned 0.27% of Booz Allen Hamilton worth $43,340,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank acquired a new stake in Booz Allen Hamilton in the 4th quarter worth $196,578,000. Raymond James Financial Inc. acquired a new stake in shares of Booz Allen Hamilton during the fourth quarter worth $173,055,000. Bank of America Corp DE increased its stake in Booz Allen Hamilton by 61.4% in the fourth 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 in the last quarter. Renaissance Technologies LLC grew its position in shares of Booz Allen Hamilton by 1,111.3% in the 4th quarter. Renaissance Technologies LLC now owns 606,794 shares of the business services provider's stock valued at $78,094,000 after purchasing an additional 556,700 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Booz Allen Hamilton by 12.5% in the fourth 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 in the last quarter. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BAH has been the topic of several recent analyst reports. Cantor Fitzgerald raised Booz Allen Hamilton to a "strong-buy" rating in a research report on Tuesday, February 25th. Raymond James upgraded shares of Booz Allen Hamilton from a "market perform" rating to an "outperform" rating and set a $150.00 price target for the company in a research report on Monday, February 3rd. Wells Fargo & Company cut their price target on shares of Booz Allen Hamilton from $164.00 to $148.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. TD Cowen dropped their target price on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a "buy" rating for the company in a report on Wednesday, January 8th. Finally, Truist Financial cut their price target on Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $146.45.

Booz Allen Hamilton Stock Performance

Shares of Booz Allen Hamilton stock traded down $0.14 on Wednesday, hitting $123.21. 1,151,045 shares of the company's stock were exchanged, compared to its average volume of 1,540,414. The company has a 50-day simple moving average of $111.77 and a 200-day simple moving average of $131.01. The stock has a market capitalization of $15.60 billion, a PE ratio of 18.36, a PEG ratio of 1.25 and a beta of 0.56. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.57 and a current ratio of 1.57. Booz Allen Hamilton Holding Co. has a 1 year low of $101.05 and a 1 year high of $190.59.

Booz Allen Hamilton Company 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.