Booz Allen Hamilton Holding Co. (NYSE:BAH) Stock Holdings Decreased by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. lessened its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 1.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,200 shares of the business services provider’s stock after selling 314 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in Booz Allen Hamilton were worth $2,857,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in shares of Booz Allen Hamilton by 2.5% during the third quarter. Geode Capital Management LLC now owns 2,341,533 shares of the business services provider’s stock valued at $381,898,000 after buying an additional 58,038 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Booz Allen Hamilton by 28.5% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,288,101 shares of the business services provider’s stock valued at $209,651,000 after purchasing an additional 285,621 shares during the period. Eagle Asset Management Inc. lifted its position in shares of Booz Allen Hamilton by 3.6% in the third quarter. Eagle Asset Management Inc. now owns 957,300 shares of the business services provider’s stock worth $155,810,000 after purchasing an additional 32,897 shares in the last quarter. Captrust Financial Advisors boosted its holdings in shares of Booz Allen Hamilton by 1.1% during the third quarter. Captrust Financial Advisors now owns 856,437 shares of the business services provider’s stock worth $139,394,000 after purchasing an additional 9,480 shares during the period. Finally, Janus Henderson Group PLC grew its position in Booz Allen Hamilton by 30.2% during the third quarter. Janus Henderson Group PLC now owns 631,703 shares of the business services provider’s stock valued at $102,809,000 after purchasing an additional 146,420 shares in the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

Booz Allen Hamilton Stock Down 4.7 %

Shares of BAH stock opened at $128.98 on Wednesday. The stock has a 50 day moving average of $136.94 and a 200-day moving average of $151.15. The firm has a market cap of $16.48 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 1.72 and a beta of 0.55. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 2.76. Booz Allen Hamilton Holding Co. has a 12 month low of $127.09 and a 12 month high of $190.59.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BAH. Truist Financial decreased their target price on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a research note on Friday, November 22nd. Barclays raised Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price target for the company in a research note on Monday, January 6th. JPMorgan Chase & Co. lowered Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and raised their target price for the company from $154.00 to $158.00 in a report on Wednesday, October 2nd. UBS Group assumed coverage on Booz Allen Hamilton in a report on Monday, December 2nd. They set a “neutral” rating and a $159.00 price objective on the stock. Finally, The Goldman Sachs Group cut their price objective on Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Booz Allen Hamilton currently has a consensus rating of “Hold” and an average target price of $161.78.

Booz Allen Hamilton Company 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 focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.