National Bank of Canada FI Has $5.59 Million Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

National Bank of Canada FI lifted its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 114.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 43,821 shares of the business services provider’s stock after purchasing an additional 23,358 shares during the quarter. National Bank of Canada FI’s holdings in Booz Allen Hamilton were worth $5,585,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Booz Allen Hamilton by 64.1% during the 3rd 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 purchasing an additional 778,437 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Booz Allen Hamilton by 19.3% in the third quarter. Ameriprise Financial Inc. now owns 4,546,664 shares of the business services provider’s stock valued at $497,084,000 after acquiring an additional 736,404 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Booz Allen Hamilton by 30.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,968,252 shares of the business services provider’s stock worth $324,341,000 after buying an additional 686,318 shares in the last quarter. Qube Research & Technologies Ltd lifted its position in shares of Booz Allen Hamilton by 891.7% during the 3rd quarter. Qube Research & Technologies Ltd now owns 288,103 shares of the business services provider’s stock worth $31,481,000 after buying an additional 259,053 shares during the last quarter. Finally, Morgan Stanley grew its position in Booz Allen Hamilton by 4.2% in the third quarter. Morgan Stanley now owns 4,924,570 shares of the business services provider’s stock valued at $538,108,000 after acquiring an additional 199,449 shares during the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

Insider Activity

In related news, CFO Matthew Calderone sold 1,500 shares of the firm’s stock in a transaction dated 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 owns 25,462 shares of the company’s stock, valued at approximately $3,730,437.62. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Booz Allen Hamilton from $120.00 to $136.00 and gave the company a “neutral” rating in a research note on Tuesday, February 6th. Wells Fargo & Company raised their price target on shares of Booz Allen Hamilton from $138.00 to $158.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 30th. The Goldman Sachs Group boosted their price objective on shares of Booz Allen Hamilton from $141.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. Jefferies Financial Group upped their price target on Booz Allen Hamilton from $150.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Finally, Truist Financial increased their price objective on shares of Booz Allen Hamilton from $120.00 to $145.00 and gave the stock a “hold” rating in a research report on Monday, January 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $145.11.

Booz Allen Hamilton Stock Performance

NYSE BAH opened at $156.06 on Friday. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 3.10. The company has a fifty day simple moving average of $146.64 and a 200 day simple moving average of $136.67. Booz Allen Hamilton Holding Co. has a 12-month low of $89.80 and a 12-month high of $156.14. The company has a market cap of $20.25 billion, a P/E ratio of 50.34, a PEG ratio of 2.07 and a beta of 0.53.

About Booz Allen Hamilton

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.