Point72 Hong Kong Ltd Buys Shares of 25,000 Booz Allen Hamilton Holding Co. (NYSE:BAH)

Point72 Hong Kong Ltd acquired a new stake in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 25,000 shares of the business services provider's stock, valued at approximately $3,218,000.

Several other large investors have also added to or reduced their stakes in BAH. Quantinno Capital Management LP raised its position in shares of Booz Allen Hamilton by 117.8% during the fourth quarter. Quantinno Capital Management LP now owns 10,738 shares of the business services provider's stock worth $1,382,000 after purchasing an additional 5,807 shares during the period. Man Group plc increased its stake in Booz Allen Hamilton by 2,293.2% in the 4th quarter. Man Group plc now owns 1,128,389 shares of the business services provider's stock valued at $145,224,000 after buying an additional 1,081,239 shares during the last quarter. OMERS ADMINISTRATION Corp lifted its position in shares of Booz Allen Hamilton by 19.9% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 5,426 shares of the business services provider's stock worth $698,000 after buying an additional 899 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Booz Allen Hamilton by 3.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,297 shares of the business services provider's stock worth $2,741,000 after buying an additional 775 shares during the last quarter. Finally, Lazard Asset Management LLC grew its holdings in shares of Booz Allen Hamilton by 11.9% in the fourth quarter. Lazard Asset Management LLC now owns 774,545 shares of the business services provider's stock valued at $99,683,000 after acquiring an additional 82,266 shares in the last quarter. Institutional investors and hedge funds own 91.82% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BAH. Cantor Fitzgerald raised Booz Allen Hamilton to a "strong-buy" rating in a research report on Tuesday, February 25th. Wells Fargo & Company lowered their price objective on shares of 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. Truist Financial reduced their target price on shares of Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating for the company in a research report on Monday, April 14th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $109.00 price target (down previously from $150.00) on shares of Booz Allen Hamilton in a report on Friday, April 11th. Finally, Raymond James upgraded Booz Allen Hamilton from a "market perform" rating to an "outperform" rating and set a $150.00 price objective on the stock in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $146.45.

Booz Allen Hamilton Stock Performance

Booz Allen Hamilton stock opened at $123.57 on Thursday. Booz Allen Hamilton Holding Co. has a 1-year low of $101.05 and a 1-year high of $190.59. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.72. The firm has a market capitalization of $15.65 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 1.25 and a beta of 0.56. The firm's 50 day simple moving average is $113.30 and its 200 day simple moving average is $129.51.

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.

Want to see what other hedge funds are holding BAH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report).

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.