Comerica Bank Has $2.90 Million Holdings in Booz Allen Hamilton Holding Corporation $BAH

Comerica Bank grew its stake in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 267.3% in the 4th quarter, HoldingsChannel reports. The fund owned 34,370 shares of the business services provider’s stock after purchasing an additional 25,013 shares during the quarter. Comerica Bank’s holdings in Booz Allen Hamilton were worth $2,899,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of BAH. AQR Capital Management LLC lifted its position in Booz Allen Hamilton by 48.6% during the third quarter. AQR Capital Management LLC now owns 3,812,243 shares of the business services provider’s stock worth $377,488,000 after acquiring an additional 1,246,451 shares during the last quarter. Primecap Management Co. CA lifted its position in Booz Allen Hamilton by 56.6% during the third quarter. Primecap Management Co. CA now owns 1,983,838 shares of the business services provider’s stock worth $198,285,000 after acquiring an additional 716,780 shares during the last quarter. Victory Capital Management Inc. lifted its position in Booz Allen Hamilton by 1,269.7% during the third quarter. Victory Capital Management Inc. now owns 665,152 shares of the business services provider’s stock worth $66,482,000 after acquiring an additional 616,591 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Booz Allen Hamilton by 4.4% during the third quarter. Vanguard Group Inc. now owns 13,719,306 shares of the business services provider’s stock worth $1,371,245,000 after purchasing an additional 582,069 shares during the period. Finally, Two Sigma Investments LP increased its holdings in shares of Booz Allen Hamilton by 410.8% during the third quarter. Two Sigma Investments LP now owns 720,230 shares of the business services provider’s stock worth $71,987,000 after purchasing an additional 579,222 shares during the period. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BAH has been the topic of several recent research reports. William Blair reaffirmed an “outperform” rating on shares of Booz Allen Hamilton in a report on Tuesday, March 3rd. UBS Group reaffirmed a “neutral” rating and set a $97.00 target price on shares of Booz Allen Hamilton in a report on Tuesday, January 27th. Stifel Nicolaus raised their target price on shares of Booz Allen Hamilton from $106.00 to $115.00 and gave the stock a “hold” rating in a report on Monday, January 26th. Truist Financial lowered their target price on shares of Booz Allen Hamilton from $98.00 to $85.00 and set a “hold” rating on the stock in a report on Monday, April 20th. Finally, Citigroup lowered their target price on shares of Booz Allen Hamilton from $109.00 to $87.00 and set a “neutral” rating on the stock in a report on Thursday, April 2nd. One analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, Booz Allen Hamilton has an average rating of “Reduce” and an average price target of $94.17.

Booz Allen Hamilton Stock Performance

Shares of NYSE:BAH opened at $77.76 on Tuesday. The company’s 50 day simple moving average is $79.25 and its 200 day simple moving average is $84.89. The stock has a market capitalization of $9.38 billion, a price-to-earnings ratio of 11.55, a price-to-earnings-growth ratio of 4.52 and a beta of 0.32. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.81 and a quick ratio of 1.81. Booz Allen Hamilton Holding Corporation has a 1 year low of $73.93 and a 1 year high of $130.91.

About Booz Allen Hamilton

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.