Cary Street Partners Financial LLC Acquires Shares of 20,539 Booz Allen Hamilton Holding Co. (NYSE:BAH)

Cary Street Partners Financial LLC bought a new position in Booz Allen Hamilton Holding Co. (NYSE:BAH) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 20,539 shares of the business services provider’s stock, valued at approximately $2,643,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new position in Booz Allen Hamilton in the 4th quarter worth about $196,578,000. Raymond James Financial Inc. purchased a new position in shares of Booz Allen Hamilton during the fourth quarter worth approximately $173,055,000. Bank of America Corp DE boosted its holdings 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 purchasing an additional 590,655 shares during the period. Renaissance Technologies LLC grew 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 worth $78,094,000 after purchasing an additional 556,700 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Booz Allen Hamilton by 12.5% during the 4th quarter. JPMorgan Chase & Co. now owns 4,518,386 shares of the business services provider’s stock worth $581,516,000 after purchasing an additional 501,725 shares during the period. 91.82% of the stock is currently owned by institutional investors.

Booz Allen Hamilton Price Performance

NYSE:BAH opened at $123.39 on Wednesday. The stock has a 50 day moving average price of $111.42 and a 200 day moving average price of $131.06. The stock has a market cap of $15.63 billion, a PE ratio of 18.39, a P/E/G ratio of 1.25 and a beta of 0.56. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.57 and a current ratio of 1.57. Booz Allen Hamilton Holding Co. has a one year low of $101.05 and a one year high of $190.59.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BAH. 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. Cantor Fitzgerald raised shares of Booz Allen Hamilton to a “strong-buy” rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. lowered their price target 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. Wells Fargo & Company dropped 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 note on Tuesday, April 8th. Finally, TD Cowen reduced their price objective on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average 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.