Zurcher Kantonalbank Zurich Cantonalbank Has $8.49 Million Stock Position in Booz Allen Hamilton Holding Corporation $BAH

Key Points

• Zurcher Kantonalbank raised its Booz Allen stake by 32.7%, acquiring an additional 24,788 shares to hold 100,619 shares valued at about $8.49 million as of the latest 13F filing.
• Booz Allen reported $1.77 EPS for the quarter (beating estimates by $0.51) while revenue fell 10.2% year‑over‑year to $2.62 billion; the stock has a $9.53 billion market cap and a P/E of 11.75.
• Institutional investors own about 91.82% of the stock, and analyst coverage is mixed with an average MarketBeat rating of "Reduce" and a mean target price of $94.17 (1 Buy, 11 Hold, 3 Sell).

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 32.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 100,619 shares of the business services provider's stock after acquiring an additional 24,788 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.08% of Booz Allen Hamilton worth $8,488,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Tokio Marine Asset Management Co. Ltd. lifted its stake in Booz Allen Hamilton by 4.7% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,674 shares of the business services provider's stock valued at $394,000 after buying an additional 211 shares during the period. Farther Finance Advisors LLC lifted its stake in Booz Allen Hamilton by 43.4% in the fourth quarter. Farther Finance Advisors LLC now owns 2,188 shares of the business services provider's stock valued at $185,000 after buying an additional 662 shares during the period. Financial Enhancement Group LLC acquired a new position in Booz Allen Hamilton in the fourth quarter valued at about $1,404,000. Westbourne Investment Advisors Inc. lifted its stake in Booz Allen Hamilton by 11.5% in the fourth quarter. Westbourne Investment Advisors Inc. now owns 64,865 shares of the business services provider's stock valued at $5,472,000 after buying an additional 6,708 shares during the period. Finally, State of Alaska Department of Revenue lifted its stake in Booz Allen Hamilton by 301.6% in the fourth quarter. State of Alaska Department of Revenue now owns 16,065 shares of the business services provider's stock valued at $1,354,000 after buying an additional 12,065 shares during the period. 91.82% of the stock is owned by institutional investors.

Booz Allen Hamilton Price Performance

Shares of BAH opened at $79.06 on Friday. The stock has a market capitalization of $9.53 billion, a P/E ratio of 11.75, a P/E/G ratio of 4.47 and a beta of 0.35. Booz Allen Hamilton Holding Corporation has a twelve month low of $73.93 and a twelve month high of $130.91. The company has a 50 day moving average of $79.41 and a 200-day moving average of $85.91. 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 (NYSE:BAH - Get Free Report) last issued its quarterly earnings results on Friday, January 23rd. The business services provider reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.51. The company had revenue of $2.62 billion during the quarter, compared to analysts' expectations of $2.74 billion. Booz Allen Hamilton had a net margin of 7.35% and a return on equity of 76.79%. The business's quarterly revenue was down 10.2% on a year-over-year basis. During the same period last year, the business earned $1.55 EPS. As a group, equities research analysts forecast that Booz Allen Hamilton Holding Corporation will post 6.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on BAH shares. DA Davidson set a $81.00 target price on shares of Booz Allen Hamilton in a research note on Tuesday, January 27th. Stifel Nicolaus boosted their target price on Booz Allen Hamilton from $106.00 to $115.00 and gave the company a "hold" rating in a research note on Monday, January 26th. Citigroup cut their price target on shares of Booz Allen Hamilton from $109.00 to $87.00 and set a "neutral" rating on the stock in a research note on Thursday, April 2nd. William Blair reaffirmed an "outperform" rating on shares of Booz Allen Hamilton in a research note on Tuesday, March 3rd. Finally, Truist Financial cut their price target on shares of Booz Allen Hamilton from $98.00 to $85.00 and set a "hold" rating on the stock in a research note on Monday. One research analyst has rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, Booz Allen Hamilton presently has an average rating of "Reduce" and an average target price of $94.17.

Booz Allen Hamilton Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.