Rathbones Group PLC Sells 70,806 Shares of Booz Allen Hamilton Holding Corporation $BAH

Rathbones Group PLC cut its holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 8.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 728,459 shares of the business services provider’s stock after selling 70,806 shares during the period. Rathbones Group PLC’s holdings in Booz Allen Hamilton were worth $61,453,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Rakuten Securities Inc. raised its position in shares of Booz Allen Hamilton by 414.6% in the 2nd quarter. Rakuten Securities Inc. now owns 247 shares of the business services provider’s stock worth $26,000 after acquiring an additional 199 shares in the last quarter. Cornerstone Planning Group LLC raised its position in shares of Booz Allen Hamilton by 244.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 289 shares of the business services provider’s stock worth $29,000 after acquiring an additional 205 shares in the last quarter. Activest Wealth Management raised its position in shares of Booz Allen Hamilton by 141.3% in the 4th quarter. Activest Wealth Management now owns 304 shares of the business services provider’s stock worth $26,000 after acquiring an additional 178 shares in the last quarter. Torren Management LLC bought a new position in shares of Booz Allen Hamilton in the 4th quarter worth about $26,000. Finally, Fulcrum Asset Management LLP bought a new position in shares of Booz Allen Hamilton in the 3rd quarter worth about $32,000. 91.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on BAH. Stifel Nicolaus lifted their price objective on Booz Allen Hamilton from $106.00 to $115.00 and gave the stock a “hold” rating in a research report on Monday, January 26th. Weiss Ratings downgraded Booz Allen Hamilton from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. William Blair restated an “outperform” rating on shares of Booz Allen Hamilton in a research note on Tuesday, March 3rd. Truist Financial reduced their target price on Booz Allen Hamilton from $98.00 to $85.00 and set a “hold” rating for the company in a research note on Monday, April 20th. Finally, Jefferies Financial Group set a $85.00 target price on Booz Allen Hamilton in a research note on Monday, May 11th. One analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $93.33.

Booz Allen Hamilton Stock Performance

Shares of BAH opened at $77.44 on Thursday. 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 50-day moving average of $78.54 and a 200-day moving average of $83.36. The company has a market cap of $9.34 billion, a PE ratio of 11.51, a P/E/G ratio of 4.44 and a beta of 0.32. Booz Allen Hamilton Holding Corporation has a one year low of $68.83 and a one year high of $129.50.

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.