Russell Investments Group Ltd. Sells 63,677 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Russell Investments Group Ltd. trimmed its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 26.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 172,615 shares of the business services provider’s stock after selling 63,677 shares during the quarter. Russell Investments Group Ltd.’s holdings in Booz Allen Hamilton were worth $22,071,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in BAH. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Booz Allen Hamilton by 64.1% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,992,096 shares of the business services provider’s stock worth $217,676,000 after acquiring an additional 778,437 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Booz Allen Hamilton by 19.3% during the third quarter. Ameriprise Financial Inc. now owns 4,546,664 shares of the business services provider’s stock worth $497,084,000 after acquiring an additional 736,404 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Booz Allen Hamilton by 30.1% during the third quarter. JPMorgan Chase & Co. now owns 2,968,252 shares of the business services provider’s stock worth $324,341,000 after acquiring an additional 686,318 shares during the last quarter. Qube Research & Technologies Ltd raised its position in shares of Booz Allen Hamilton by 891.7% during the third quarter. Qube Research & Technologies Ltd now owns 288,103 shares of the business services provider’s stock worth $31,481,000 after acquiring an additional 259,053 shares during the last quarter. Finally, Morgan Stanley raised its position in shares of Booz Allen Hamilton by 4.2% during the third quarter. Morgan Stanley now owns 4,924,570 shares of the business services provider’s stock worth $538,108,000 after acquiring an additional 199,449 shares during the last quarter. 91.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on Booz Allen Hamilton from $120.00 to $136.00 and gave the stock a “neutral” rating in a report on Tuesday, February 6th. Truist Financial lifted their target price on Booz Allen Hamilton from $120.00 to $145.00 and gave the stock a “hold” rating in a report on Monday, January 29th. Barclays downgraded Booz Allen Hamilton from an “equal weight” rating to an “underweight” rating in a report on Friday, January 5th. The Goldman Sachs Group lifted their target price on Booz Allen Hamilton from $141.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, January 29th. Finally, Jefferies Financial Group lifted their target price on Booz Allen Hamilton from $150.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $145.11.

Booz Allen Hamilton Trading Down 0.2 %

NYSE BAH opened at $147.44 on Thursday. The company has a market cap of $19.13 billion, a price-to-earnings ratio of 47.56, a P/E/G ratio of 2.00 and a beta of 0.53. Booz Allen Hamilton Holding Co. has a 52 week low of $89.80 and a 52 week high of $150.59. The business has a 50 day moving average price of $146.12 and a 200-day moving average price of $135.45. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 3.10.

Insider Activity

In other news, CEO Horacio Rozanski sold 49,000 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $145.69, for a total transaction of $7,138,810.00. Following the completion of the sale, the chief executive officer now owns 557,411 shares in the company, valued at $81,209,208.59. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Horacio Rozanski sold 49,000 shares of Booz Allen Hamilton stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $145.69, for a total transaction of $7,138,810.00. Following the transaction, the chief executive officer now owns 557,411 shares of the company’s stock, valued at $81,209,208.59. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Matthew Calderone sold 1,500 shares of Booz Allen Hamilton stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $146.51, for a total value of $219,765.00. Following the transaction, the chief financial officer now directly owns 25,462 shares in the company, valued at approximately $3,730,437.62. The disclosure for this sale can be found here. Corporate insiders own 1.76% of the company’s stock.

Booz Allen Hamilton Profile

Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to governments, corporations, and not-for-profit organizations in the United States and internationally. It also focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.