Man Group plc Increases Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Man Group plc lifted its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 2,293.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,128,389 shares of the business services provider's stock after acquiring an additional 1,081,239 shares during the period. Booz Allen Hamilton accounts for approximately 0.4% of Man Group plc's investment portfolio, making the stock its 29th biggest holding. Man Group plc owned approximately 0.89% of Booz Allen Hamilton worth $145,224,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in BAH. Bogart Wealth LLC raised its position in shares of Booz Allen Hamilton by 387.5% during the 4th quarter. Bogart Wealth LLC now owns 195 shares of the business services provider's stock worth $25,000 after acquiring an additional 155 shares in the last quarter. OFI Invest Asset Management acquired a new stake in shares of Booz Allen Hamilton during the 4th quarter worth about $25,000. EverSource Wealth Advisors LLC raised its position in shares of Booz Allen Hamilton by 144.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider's stock worth $29,000 after acquiring an additional 134 shares in the last quarter. R Squared Ltd acquired a new position in Booz Allen Hamilton during the fourth quarter worth approximately $31,000. Finally, SRS Capital Advisors Inc. increased its position in Booz Allen Hamilton by 3,314.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider's stock worth $31,000 after buying an additional 232 shares during the period. Institutional investors and hedge funds own 91.82% of the company's stock.

Booz Allen Hamilton Stock Down 0.8%

Booz Allen Hamilton stock opened at $123.72 on Wednesday. The stock's 50 day moving average price is $113.16 and its 200 day moving average price is $129.55. 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 $15.67 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 1.25 and a beta of 0.56. Booz Allen Hamilton Holding Co. has a 1-year low of $101.05 and a 1-year high of $190.59.

Analyst Upgrades and Downgrades

Several research analysts have commented on BAH shares. Cantor Fitzgerald raised Booz Allen Hamilton to a "strong-buy" rating in a research report on Tuesday, February 25th. 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 report on Monday, April 14th. Raymond James raised Booz Allen Hamilton from a "market perform" rating to an "outperform" rating and set a $150.00 price target on the stock in a research report on Monday, February 3rd. William Blair lowered Booz Allen Hamilton from an "outperform" rating to a "market perform" rating in a research report on Friday, February 21st. Finally, Wells Fargo & Company cut their price target on Booz Allen Hamilton from $164.00 to $148.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $146.45.

About Booz Allen Hamilton

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.

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