Nicholas Investment Partners LP Has $2.78 Million Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Nicholas Investment Partners LP lessened its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 10.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,595 shares of the business services provider's stock after selling 2,503 shares during the period. Nicholas Investment Partners LP's holdings in Booz Allen Hamilton were worth $2,779,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of BAH. Norges Bank acquired a new stake in Booz Allen Hamilton in the fourth quarter valued at $196,578,000. Raymond James Financial Inc. acquired a new position in Booz Allen Hamilton during the fourth quarter worth approximately $173,055,000. Janus Henderson Group PLC raised its stake in Booz Allen Hamilton by 179.7% in the fourth quarter. Janus Henderson Group PLC now owns 1,767,129 shares of the business services provider's stock valued at $227,425,000 after buying an additional 1,135,426 shares during the period. Bank of America Corp DE lifted its position in shares of Booz Allen Hamilton by 61.4% in the fourth 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 buying an additional 590,655 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Booz Allen Hamilton by 1,111.3% during the 4th quarter. Renaissance Technologies LLC now owns 606,794 shares of the business services provider's stock worth $78,094,000 after acquiring an additional 556,700 shares during the period. 91.82% of the stock is owned by institutional investors and hedge funds.

Booz Allen Hamilton Price Performance

BAH stock traded up $1.23 during midday trading on Friday, reaching $128.90. The company had a trading volume of 2,184,985 shares, compared to its average volume of 1,556,143. The company has a market capitalization of $16.32 billion, a price-to-earnings ratio of 19.21, a price-to-earnings-growth ratio of 1.25 and a beta of 0.56. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.57 and a quick ratio of 1.57. Booz Allen Hamilton Holding Co. has a 1-year low of $101.05 and a 1-year high of $190.59. The stock has a 50 day moving average price of $113.98 and a 200-day moving average price of $128.72.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. William Blair downgraded Booz Allen Hamilton from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. Cantor Fitzgerald raised shares of Booz Allen Hamilton to a "strong-buy" rating in a research report on Tuesday, February 25th. Truist Financial decreased their price target on shares of Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. JPMorgan Chase & Co. cut their price objective on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an "underweight" rating for the company in a research report on Tuesday, April 15th. Finally, Wells Fargo & Company reduced their price objective on Booz Allen Hamilton from $164.00 to $148.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. One 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 company's stock. Based on data from MarketBeat.com, the stock has a consensus 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.