Worldquant Millennium Advisors LLC Raises Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Worldquant Millennium Advisors LLC grew its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 387.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 323,867 shares of the business services provider's stock after buying an additional 257,494 shares during the period. Worldquant Millennium Advisors LLC owned 0.26% of Booz Allen Hamilton worth $41,682,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of BAH. JPMorgan Chase & Co. boosted its holdings in 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 worth $581,516,000 after acquiring an additional 501,725 shares in the last quarter. First Trust Advisors LP raised its position in shares of Booz Allen Hamilton by 15.3% in the 4th quarter. First Trust Advisors LP now owns 2,804,642 shares of the business services provider's stock worth $360,957,000 after purchasing an additional 371,390 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Booz Allen Hamilton by 179.7% in the 4th quarter. Janus Henderson Group PLC now owns 1,767,129 shares of the business services provider's stock worth $227,425,000 after purchasing an additional 1,135,426 shares during the last quarter. Bank of America Corp DE increased its stake in Booz Allen Hamilton by 61.4% during the 4th 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. Finally, Norges Bank bought a new stake in Booz Allen Hamilton during the 4th quarter valued at about $196,578,000. Institutional investors own 91.82% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. UBS Group upped their price objective on Booz Allen Hamilton from $120.00 to $135.00 and gave the company a "neutral" rating in a research report on Monday, May 19th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $109.00 target price (down from $150.00) on shares of Booz Allen Hamilton in a report on Friday, April 11th. JPMorgan Chase & Co. lowered their target price on Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 15th. William Blair downgraded Booz Allen Hamilton from an "outperform" rating to a "market perform" rating in a research report on Friday, February 21st. Finally, Wells Fargo & Company reaffirmed an "overweight" rating on shares of Booz Allen Hamilton in a research note on Friday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $141.70.

Booz Allen Hamilton Price Performance

BAH traded down $20.86 during trading hours on Friday, hitting $108.27. The company's stock had a trading volume of 8,967,428 shares, compared to its average volume of 1,605,574. The business's 50-day moving average price is $115.14 and its 200-day moving average price is $126.72. Booz Allen Hamilton Holding Co. has a 12 month low of $101.05 and a 12 month high of $190.59. The stock has a market cap of $13.71 billion, a price-to-earnings ratio of 16.14, a P/E/G ratio of 1.25 and a beta of 0.56. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.72.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last issued its quarterly earnings data on Friday, May 23rd. The business services provider reported $1.61 EPS for the quarter, topping analysts' consensus estimates of $1.59 by $0.02. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. The business had revenue of $2.97 billion during the quarter, compared to analysts' expectations of $3.03 billion. During the same period last year, the company posted $1.33 EPS. The business's revenue was up 7.3% on a year-over-year basis. Sell-side analysts expect that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton 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.