Gladius Capital Management LP Acquires New Shares in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Gladius Capital Management LP acquired a new stake in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 8,109 shares of the business services provider's stock, valued at approximately $1,037,000. Booz Allen Hamilton accounts for about 0.2% of Gladius Capital Management LP's holdings, making the stock its 16th biggest holding.

Several other hedge funds have also added to or reduced their stakes in the business. Commonwealth Equity Services LLC lifted its stake in shares of Booz Allen Hamilton by 5.4% in the third quarter. Commonwealth Equity Services LLC now owns 27,506 shares of the business services provider's stock worth $3,006,000 after acquiring an additional 1,402 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Booz Allen Hamilton by 21.2% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 24,650 shares of the business services provider's stock valued at $2,693,000 after purchasing an additional 4,306 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Booz Allen Hamilton by 0.4% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 28,651 shares of the business services provider's stock worth $3,131,000 after buying an additional 124 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Booz Allen Hamilton by 0.9% in the third quarter. Bank of New York Mellon Corp now owns 820,955 shares of the business services provider's stock valued at $89,706,000 after buying an additional 7,436 shares during the period. Finally, Forsta AP Fonden bought a new stake in Booz Allen Hamilton during the third quarter valued at $3,169,000. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Booz Allen Hamilton Stock Performance

Shares of NYSE BAH traded up $1.72 during midday trading on Friday, hitting $156.06. The company's stock had a trading volume of 802,006 shares, compared to its average volume of 639,780. Booz Allen Hamilton Holding Co. has a one year low of $89.80 and a one year high of $156.14. The firm has a market capitalization of $20.25 billion, a price-to-earnings ratio of 50.34, a P/E/G ratio of 1.99 and a beta of 0.53. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 3.10. The stock has a fifty day moving average price of $146.64 and a 200 day moving average price of $136.67.

Insiders Place Their Bets

In related news, CFO Matthew Calderone sold 1,500 shares of the business's stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $146.51, for a total transaction of $219,765.00. Following the sale, the chief financial officer now directly owns 25,462 shares in the company, valued at approximately $3,730,437.62. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Jefferies Financial Group raised their price objective on shares of Booz Allen Hamilton from $150.00 to $170.00 and gave the stock a "buy" rating in a research report on Wednesday, April 10th. The Goldman Sachs Group lifted their price objective on shares of Booz Allen Hamilton from $141.00 to $158.00 and gave the company a "buy" rating in a report on Monday, January 29th. JPMorgan Chase & Co. upped their target price on shares of Booz Allen Hamilton from $120.00 to $136.00 and gave the stock a "neutral" rating in a report on Tuesday, February 6th. Wells Fargo & Company lifted their price target on Booz Allen Hamilton from $138.00 to $158.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 30th. Finally, Truist Financial increased their price objective on Booz Allen Hamilton from $120.00 to $145.00 and gave the stock a "hold" rating in a research note on Monday, January 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $145.11.

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 also focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.