30,882 Shares in Booz Allen Hamilton Holding Co. (NYSE:BAH) Purchased by Algert Global LLC

Algert Global LLC bought a new stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) during the 4th quarter, HoldingsChannel reports. The fund bought 30,882 shares of the business services provider’s stock, valued at approximately $3,975,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in BAH. Norges Bank bought a new position in Booz Allen Hamilton in the fourth quarter valued at approximately $196,578,000. Raymond James Financial Inc. acquired a new position in shares of Booz Allen Hamilton during the 4th quarter worth $173,055,000. Renaissance Technologies LLC boosted its stake in Booz Allen Hamilton by 1,111.3% in the fourth quarter. Renaissance Technologies LLC now owns 606,794 shares of the business services provider’s stock valued at $78,094,000 after buying an additional 556,700 shares in the last quarter. JPMorgan Chase & Co. grew its position in Booz Allen Hamilton by 12.5% in the fourth quarter. JPMorgan Chase & Co. now owns 4,518,386 shares of the business services provider’s stock valued at $581,516,000 after acquiring an additional 501,725 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in Booz Allen Hamilton by 78.8% during the fourth quarter. Alliancebernstein L.P. now owns 1,033,475 shares of the business services provider’s stock worth $133,008,000 after acquiring an additional 455,605 shares in the last quarter. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Booz Allen Hamilton Trading Up 3.5 %

Shares of BAH stock opened at $123.39 on Wednesday. The company has a market cap of $15.63 billion, a P/E ratio of 18.39, a PEG ratio of 1.25 and a beta of 0.56. Booz Allen Hamilton Holding Co. has a fifty-two week low of $101.05 and a fifty-two week high of $190.59. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.57 and a current ratio of 1.57. The stock has a 50 day simple moving average of $111.42 and a two-hundred day simple moving average of $131.06.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on BAH shares. William Blair downgraded shares of Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. Wells Fargo & Company cut their target price 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. Cantor Fitzgerald upgraded shares of Booz Allen Hamilton to a “strong-buy” rating in a research report on Tuesday, February 25th. Raymond James raised shares of 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. Finally, TD Cowen lowered their target price on Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. 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 company. Based on data from MarketBeat, Booz Allen Hamilton presently has a consensus rating of “Hold” and an average target price of $146.45.

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.