Victory Capital Management Inc. bought a new stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 84,746 shares of the business services provider’s stock, valued at approximately $3,281,000. Victory Capital Management Inc. owned 0.06% of Booz Allen Hamilton as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Envestnet Asset Management Inc. raised its position in Booz Allen Hamilton by 3.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 45,231 shares of the business services provider’s stock valued at $1,724,000 after purchasing an additional 1,492 shares during the period. M&T Bank Corp raised its position in Booz Allen Hamilton by 27.2% in the fourth quarter. M&T Bank Corp now owns 12,384 shares of the business services provider’s stock valued at $472,000 after purchasing an additional 2,646 shares during the period. Cerebellum GP LLC purchased a new stake in Booz Allen Hamilton in the fourth quarter valued at approximately $126,000. American International Group Inc. purchased a new stake in Booz Allen Hamilton in the fourth quarter valued at approximately $128,000. Finally, Swiss National Bank raised its position in Booz Allen Hamilton by 1.4% in the fourth quarter. Swiss National Bank now owns 253,157 shares of the business services provider’s stock valued at $9,653,000 after purchasing an additional 3,400 shares during the period. 93.41% of the stock is currently owned by institutional investors.
Booz Allen Hamilton opened at $41.79 on Friday, MarketBeat Ratings reports. The firm has a market capitalization of $6.04 billion, a price-to-earnings ratio of 21.47, a price-to-earnings-growth ratio of 1.66 and a beta of 1.24. The company has a debt-to-equity ratio of 3.14, a current ratio of 1.49 and a quick ratio of 1.49. Booz Allen Hamilton Holding Co. has a 52 week low of $31.06 and a 52 week high of $42.00.
A number of analysts have issued reports on BAH shares. Zacks Investment Research lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, February 8th. ValuEngine raised Booz Allen Hamilton from a “hold” rating to a “buy” rating in a research report on Thursday, April 12th. Citigroup boosted their target price on Booz Allen Hamilton from $40.00 to $41.00 and gave the company a “neutral” rating in a research report on Tuesday, April 10th. Finally, Cowen restated a “buy” rating and issued a $50.00 price target on shares of Booz Allen Hamilton in a research note on Monday, February 5th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $42.50.
In related news, insider Gary D. Labovich sold 18,000 shares of the business’s stock in a transaction on Friday, May 18th. The shares were sold at an average price of $41.49, for a total transaction of $746,820.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Melody C. Barnes sold 1,018 shares of the business’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $39.30, for a total transaction of $40,007.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 321,956 shares of company stock valued at $12,647,528. Insiders own 3.04% of the company’s stock.
About Booz Allen Hamilton
Booz Allen Hamilton Holding Corporation provides management and technology consulting, engineering, analytics, digital, mission operations, and cyber solutions to governments, corporations, and not-for-profit organizations in the United States and internationally. The company offers consulting solutions for various domains, business strategies, human capital, and operations.
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