Bank of America Corp DE Purchases 590,655 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Bank of America Corp DE lifted its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 61.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,552,217 shares of the business services provider's stock after purchasing an additional 590,655 shares during the period. Bank of America Corp DE owned approximately 1.23% of Booz Allen Hamilton worth $199,770,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. GW&K Investment Management LLC lifted its stake in Booz Allen Hamilton by 0.7% during the fourth quarter. GW&K Investment Management LLC now owns 461,517 shares of the business services provider's stock valued at $59,397,000 after buying an additional 3,435 shares in the last quarter. Versor Investments LP purchased a new stake in shares of Booz Allen Hamilton in the 4th quarter valued at approximately $933,000. FIL Ltd grew its position in Booz Allen Hamilton by 63.3% during the 4th quarter. FIL Ltd now owns 153,343 shares of the business services provider's stock worth $19,735,000 after purchasing an additional 59,440 shares in the last quarter. Bridges Investment Management Inc. raised its stake in Booz Allen Hamilton by 19.2% during the 4th quarter. Bridges Investment Management Inc. now owns 117,661 shares of the business services provider's stock valued at $15,143,000 after purchasing an additional 18,930 shares during the period. Finally, Cumberland Partners Ltd lifted its holdings in shares of Booz Allen Hamilton by 92.2% in the fourth quarter. Cumberland Partners Ltd now owns 99,330 shares of the business services provider's stock valued at $12,784,000 after purchasing an additional 47,655 shares in the last quarter. Institutional investors and hedge funds own 91.82% of the company's stock.

Booz Allen Hamilton Stock Up 0.5 %

NYSE:BAH traded up $0.61 during trading hours on Friday, reaching $124.24. The company's stock had a trading volume of 991,077 shares, compared to its average volume of 1,543,886. Booz Allen Hamilton Holding Co. has a one year low of $101.05 and a one year high of $190.59. The business's 50-day moving average is $112.56 and its 200-day moving average is $129.99. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.57 and a quick ratio of 1.57. The company has a market cap of $15.73 billion, a price-to-earnings ratio of 18.52, a price-to-earnings-growth ratio of 1.25 and a beta of 0.56.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group reiterated a "neutral" rating and set a $109.00 price target (down previously from $150.00) on shares of Booz Allen Hamilton in a report on Friday, April 11th. Wells Fargo & Company dropped their target price on Booz Allen Hamilton from $164.00 to $148.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. William Blair cut shares of Booz Allen Hamilton from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. Raymond James upgraded shares of Booz Allen Hamilton from a "market perform" rating to an "outperform" rating and set a $150.00 price objective on the stock in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. decreased their target price on shares of 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. One equities 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Booz Allen Hamilton has a consensus rating of "Hold" and a consensus price target of $146.45.

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.