Harel Insurance Investments & Financial Services Ltd. Raises Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)


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Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 323.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,500 shares of the business services provider’s stock after acquiring an additional 2,673 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Booz Allen Hamilton were worth $942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Central Bank & Trust Co. purchased a new stake in Booz Allen Hamilton during the 1st quarter valued at about $31,000. Newfound Research LLC purchased a new stake in Booz Allen Hamilton during the 4th quarter valued at about $38,000. Paces Ferry Wealth Advisors LLC purchased a new stake in Booz Allen Hamilton during the 3rd quarter valued at about $36,000. Arkadios Wealth Advisors purchased a new stake in Booz Allen Hamilton during the 1st quarter valued at about $36,000. Finally, Pacer Advisors Inc. boosted its holdings in Booz Allen Hamilton by 91.5% during the 4th quarter. Pacer Advisors Inc. now owns 605 shares of the business services provider’s stock valued at $53,000 after acquiring an additional 289 shares during the period. Institutional investors own 89.90% of the company’s stock.

A number of research firms have commented on BAH. Morgan Stanley lowered their price target on Booz Allen Hamilton from $98.00 to $90.00 and set an “overweight” rating for the company in a research report on Thursday, February 25th. Barclays reissued an “overweight” rating on shares of Booz Allen Hamilton in a research report on Thursday, February 25th. Finally, Cowen restated a “buy” rating on shares of Booz Allen Hamilton in a research note on Friday, February 5th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Booz Allen Hamilton has a consensus rating of “Buy” and a consensus target price of $85.29.

NYSE:BAH opened at $83.87 on Tuesday. Booz Allen Hamilton Holding Co. has a 52 week low of $68.34 and a 52 week high of $100.26. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 2.38. The business’s 50-day simple moving average is $81.92 and its two-hundred day simple moving average is $84.52. The stock has a market cap of $11.55 billion, a PE ratio of 22.85, a P/E/G ratio of 2.33 and a beta of 0.81.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings results on Thursday, January 28th. The business services provider reported $1.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.11. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $2 billion. Booz Allen Hamilton had a return on equity of 54.01% and a net margin of 6.62%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the business posted $0.80 earnings per share. Sell-side analysts anticipate that Booz Allen Hamilton Holding Co. will post 3.74 earnings per share for the current fiscal year.

About Booz Allen Hamilton

Booz Allen Hamilton Holding Corp. engages in the provision of management and technology consulting services. It offers analytics, digital solutions, engineering, and cyber expertise. The company was founded by Edwin Booz in 1914 and is headquartered in McLean, VA.

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Institutional Ownership by Quarter for Booz Allen Hamilton (NYSE:BAH)

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