VIRGINIA RETIREMENT SYSTEMS ET Al Buys 128,500 Shares of Booz Allen Hamilton Holding Corporation $BAH

VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 61.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 336,858 shares of the business services provider’s stock after buying an additional 128,500 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.28% of Booz Allen Hamilton worth $28,417,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BAH. AQR Capital Management LLC increased its position in Booz Allen Hamilton by 48.6% during the 3rd quarter. AQR Capital Management LLC now owns 3,812,243 shares of the business services provider’s stock valued at $377,488,000 after buying an additional 1,246,451 shares in the last quarter. Primecap Management Co. CA increased its position in Booz Allen Hamilton by 56.6% during the 3rd quarter. Primecap Management Co. CA now owns 1,983,838 shares of the business services provider’s stock valued at $198,285,000 after buying an additional 716,780 shares in the last quarter. Victory Capital Management Inc. increased its position in Booz Allen Hamilton by 1,269.7% during the 3rd quarter. Victory Capital Management Inc. now owns 665,152 shares of the business services provider’s stock valued at $66,482,000 after buying an additional 616,591 shares in the last quarter. Vanguard Group Inc. increased its position in Booz Allen Hamilton by 4.4% during the 3rd quarter. Vanguard Group Inc. now owns 13,719,306 shares of the business services provider’s stock valued at $1,371,245,000 after buying an additional 582,069 shares in the last quarter. Finally, Two Sigma Investments LP increased its position in Booz Allen Hamilton by 410.8% during the 3rd quarter. Two Sigma Investments LP now owns 720,230 shares of the business services provider’s stock valued at $71,987,000 after buying an additional 579,222 shares in the last quarter. Institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Stock Down 5.2%

BAH stock opened at $71.51 on Thursday. Booz Allen Hamilton Holding Corporation has a 1-year low of $68.83 and a 1-year high of $130.91. The business has a fifty day moving average price of $79.04 and a 200-day moving average price of $83.74. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.81 and a quick ratio of 1.81. The stock has a market capitalization of $8.62 billion, a P/E ratio of 10.63, a P/E/G ratio of 4.35 and a beta of 0.32.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Wells Fargo & Company assumed coverage on Booz Allen Hamilton in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $85.00 price objective for the company. Truist Financial reduced their price objective on Booz Allen Hamilton from $98.00 to $85.00 and set a “hold” rating for the company in a research report on Monday, April 20th. UBS Group reaffirmed a “neutral” rating and set a $97.00 price objective on shares of Booz Allen Hamilton in a research report on Tuesday, January 27th. DA Davidson set a $81.00 price target on Booz Allen Hamilton in a research note on Tuesday, January 27th. Finally, Stifel Nicolaus boosted their price target on Booz Allen Hamilton from $106.00 to $115.00 and gave the stock a “hold” rating in a research note on Monday, January 26th. 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 company. According to MarketBeat.com, Booz Allen Hamilton presently has an average rating of “Reduce” and an average target price of $93.33.

Booz Allen Hamilton Company 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.