Royal Bank of Canada Increases Holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Royal Bank of Canada increased its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 94.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 525,435 shares of the business services provider’s stock after purchasing an additional 255,589 shares during the period. Royal Bank of Canada’s holdings in Booz Allen Hamilton were worth $67,623,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Bogart Wealth LLC boosted its position in Booz Allen Hamilton by 387.5% during the 4th quarter. Bogart Wealth LLC now owns 195 shares of the business services provider’s stock worth $25,000 after purchasing an additional 155 shares during the period. OFI Invest Asset Management purchased a new stake in Booz Allen Hamilton during the 4th quarter worth $25,000. EverSource Wealth Advisors LLC boosted its position in Booz Allen Hamilton by 144.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 227 shares of the business services provider’s stock worth $29,000 after purchasing an additional 134 shares during the period. SRS Capital Advisors Inc. boosted its position in Booz Allen Hamilton by 3,314.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 239 shares of the business services provider’s stock worth $31,000 after purchasing an additional 232 shares during the period. Finally, R Squared Ltd purchased a new stake in Booz Allen Hamilton during the 4th quarter worth $31,000. 91.82% of the stock is owned by hedge funds and other institutional investors.

Booz Allen Hamilton Trading Up 0.3%

NYSE:BAH opened at $129.69 on Wednesday. The company has a market cap of $16.42 billion, a PE ratio of 19.33, a P/E/G ratio of 1.25 and a beta of 0.56. The business’s 50 day moving average is $114.70 and its two-hundred day moving average is $127.62. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 2.72. Booz Allen Hamilton Holding Co. has a 52 week low of $101.05 and a 52 week high of $190.59.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Raymond James raised shares of Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 price target for the company in a research report on Monday, February 3rd. Cantor Fitzgerald upgraded shares of Booz Allen Hamilton to a “strong-buy” rating in a report on Tuesday, February 25th. UBS Group boosted their price objective on shares of Booz Allen Hamilton from $120.00 to $135.00 and gave the stock a “neutral” rating in a report on Monday. JPMorgan Chase & Co. cut their price objective on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an “underweight” rating on the stock in a report on Tuesday, April 15th. Finally, Truist Financial cut their price objective on shares of Booz Allen Hamilton from $142.00 to $110.00 and set a “hold” rating on the stock in a report on Monday, April 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Booz Allen Hamilton currently has an average rating of “Hold” and a consensus price target of $144.27.

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