Booz Allen Hamilton Holding Corporation $BAH Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. cut its position in Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 31.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,168,005 shares of the business services provider’s stock after selling 527,803 shares during the quarter. Bessemer Group Inc. owned 0.97% of Booz Allen Hamilton worth $98,533,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Mediolanum International Funds Ltd grew its stake in Booz Allen Hamilton by 28.6% during the 3rd quarter. Mediolanum International Funds Ltd now owns 73,404 shares of the business services provider’s stock worth $7,259,000 after purchasing an additional 16,304 shares in the last quarter. Primecap Management Co. CA grew its stake 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 worth $198,285,000 after purchasing an additional 716,780 shares in the last quarter. Sage Rhino Capital LLC acquired a new position in Booz Allen Hamilton during the 3rd quarter worth $997,000. Citigroup Inc. grew its stake in Booz Allen Hamilton by 413.4% during the 3rd quarter. Citigroup Inc. now owns 389,301 shares of the business services provider’s stock worth $38,911,000 after purchasing an additional 313,472 shares in the last quarter. Finally, Midwest Trust Co grew its stake in Booz Allen Hamilton by 13.4% during the 3rd quarter. Midwest Trust Co now owns 119,587 shares of the business services provider’s stock worth $11,953,000 after purchasing an additional 14,134 shares in the last quarter. 91.82% of the stock is owned by institutional investors and hedge funds.

Booz Allen Hamilton Stock Down 1.1%

Shares of NYSE BAH opened at $72.60 on Friday. The company has a market capitalization of $8.75 billion, a price-to-earnings ratio of 10.79, a price-to-earnings-growth ratio of 4.24 and a beta of 0.32. 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 business has a 50-day moving average of $78.81 and a two-hundred day moving average of $83.53. Booz Allen Hamilton Holding Corporation has a 1 year low of $68.83 and a 1 year high of $130.91.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. William Blair reissued an “outperform” rating on shares of Booz Allen Hamilton in a research note on Tuesday, March 3rd. Stifel Nicolaus boosted their target price 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. Wells Fargo & Company assumed coverage on Booz Allen Hamilton in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $85.00 target price for the company. UBS Group reissued a “neutral” rating and set a $97.00 target price on shares of Booz Allen Hamilton in a research note on Tuesday, January 27th. Finally, Citigroup decreased their price target on Booz Allen Hamilton from $109.00 to $87.00 and set a “neutral” rating for the company in a report on Thursday, April 2nd. One analyst has rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus 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.