State of Michigan Retirement System Takes Position in Booz Allen Hamilton Holding Corporation $BAH

Key Points

• State of Michigan Retirement System opened a new position in Booz Allen Hamilton in Q4, acquiring 31,000 shares valued at about $2.615 million.
• Institutional investors own 91.82% of BAH, with major funds like Vanguard, AQR and First Trust increasing their stakes (Vanguard now holds ~13.95 million shares).
• Analysts' consensus rating is "Reduce" with a $94.17 target; shares trade around $78.34 with a market cap of about $9.45 billion and a P/E of 11.64.

State of Michigan Retirement System acquired a new stake in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 31,000 shares of the business services provider's stock, valued at approximately $2,615,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Booz Allen Hamilton by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 13,946,447 shares of the business services provider's stock valued at $1,176,522,000 after acquiring an additional 227,141 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of 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. First Trust Advisors LP grew its holdings in shares of Booz Allen Hamilton by 10.6% during the 3rd 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 during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Booz Allen Hamilton by 8.5% during the 4th 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 during the period. Finally, Bank of America Corp DE grew its holdings in shares of Booz Allen Hamilton by 14.7% during the 2nd 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 during the period. Institutional investors and hedge funds own 91.82% of the company's stock.

Booz Allen Hamilton Stock Up 0.7%

Shares of NYSE:BAH opened at $78.34 on Friday. 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 Holding Corporation has a 52-week low of $73.93 and a 52-week high of $130.91. The company has a 50 day moving average of $79.25 and a two-hundred day moving average of $85.06. The company has a market capitalization of $9.45 billion, a price-to-earnings ratio of 11.64, a price-to-earnings-growth ratio of 4.49 and a beta of 0.32.

Analysts Set New Price Targets

A number of analysts have recently issued reports on BAH shares. Stifel Nicolaus boosted their target price on Booz Allen Hamilton from $106.00 to $115.00 and gave the stock a "hold" rating in a report on Monday, January 26th. UBS Group reiterated a "neutral" rating and set a $97.00 target price on shares of Booz Allen Hamilton in a report on Tuesday, January 27th. Citigroup decreased their target price on Booz Allen Hamilton from $109.00 to $87.00 and set a "neutral" rating for the company in a report on Thursday, April 2nd. DA Davidson set a $81.00 target price on Booz Allen Hamilton in a report on Tuesday, January 27th. Finally, Wells Fargo & Company started coverage on Booz Allen Hamilton in a report on Wednesday, April 1st. They set an "equal weight" rating and a $85.00 target price for the company. One research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, Booz Allen Hamilton currently has a consensus rating of "Reduce" and a consensus target price of $94.17.

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.

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