Diamond Hill Capital Management Inc. Raises Stake in Booz Allen Hamilton Holding Corporation $BAH

Diamond Hill Capital Management Inc. boosted its holdings in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 68.8% during the 4th quarter, HoldingsChannel reports. The firm owned 625,080 shares of the business services provider’s stock after purchasing an additional 254,795 shares during the period. Diamond Hill Capital Management Inc.’s holdings in Booz Allen Hamilton were worth $52,732,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Meiji Yasuda Asset Management Co Ltd. purchased a new position in Booz Allen Hamilton during the 4th quarter worth $259,000. FourThought Financial Partners LLC purchased a new position in Booz Allen Hamilton during the 4th quarter worth $261,000. Global Retirement Partners LLC grew its position in Booz Allen Hamilton by 68.7% during the 4th quarter. Global Retirement Partners LLC now owns 690 shares of the business services provider’s stock worth $58,000 after purchasing an additional 281 shares during the last quarter. Leonteq Securities AG purchased a new position in Booz Allen Hamilton during the 4th quarter worth $1,750,000. Finally, ABN Amro Investment Solutions purchased a new position in Booz Allen Hamilton during the 4th quarter worth $639,000. 91.82% of the stock is owned by hedge funds and other institutional investors.

Booz Allen Hamilton Stock Down 1.3%

Shares of NYSE BAH opened at $76.44 on Friday. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 3.76. Booz Allen Hamilton Holding Corporation has a 52 week low of $68.83 and a 52 week high of $129.37. The firm has a 50-day moving average price of $78.52 and a 200 day moving average price of $83.28. The stock has a market capitalization of $9.22 billion, a price-to-earnings ratio of 11.36, a price-to-earnings-growth ratio of 4.47 and a beta of 0.32.

Analyst Ratings Changes

Several brokerages have issued reports on BAH. UBS Group reissued a “neutral” rating and set a $97.00 price objective on shares of Booz Allen Hamilton in a research report on Tuesday, January 27th. Wells Fargo & Company assumed coverage on shares of Booz Allen Hamilton in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $85.00 target price for the company. DA Davidson set a $81.00 target price on shares of Booz Allen Hamilton in a research note on Tuesday, January 27th. Weiss Ratings cut shares of Booz Allen Hamilton from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. Finally, Citigroup reduced their target price on shares of Booz Allen Hamilton from $109.00 to $87.00 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. One research analyst has rated the stock with a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $93.33.

Booz Allen Hamilton Profile

Booz Allen Hamilton Holding Corporation is a publicly traded management and technology consulting firm headquartered in McLean, Virginia. The company provides a wide range of professional services and solutions in strategy, analytics, digital transformation, engineering and cyber security. Its expertise spans from supporting federal civilian agencies to defense, intelligence and homeland security organizations, as well as select commercial industries.

Key offerings include data analytics and artificial intelligence applications, software development and modernization, systems integration, and cyber risk management.