Teza Capital Management LLC Acquires New Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Teza Capital Management LLC bought a new stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,587 shares of the business services provider’s stock, valued at approximately $1,234,000.

A number of other hedge funds have also recently added to or reduced their stakes in BAH. Norges Bank acquired a new stake in Booz Allen Hamilton in the fourth quarter valued at approximately $196,578,000. Raymond James Financial Inc. acquired a new position in shares of Booz Allen Hamilton during the fourth quarter worth $173,055,000. Janus Henderson Group PLC lifted its holdings in shares of Booz Allen Hamilton by 179.7% during the fourth quarter. Janus Henderson Group PLC now owns 1,767,129 shares of the business services provider’s stock worth $227,425,000 after purchasing an additional 1,135,426 shares during the period. Man Group plc lifted its holdings in Booz Allen Hamilton by 2,293.2% in the fourth quarter. Man Group plc now owns 1,128,389 shares of the business services provider’s stock valued at $145,224,000 after buying an additional 1,081,239 shares during the period. Finally, Bank of America Corp DE lifted its holdings in Booz Allen Hamilton by 61.4% in the fourth quarter. Bank of America Corp DE now owns 1,552,217 shares of the business services provider’s stock valued at $199,770,000 after buying an additional 590,655 shares during the period. Institutional investors and hedge funds own 91.82% of the company’s stock.

Wall Street Analysts Forecast Growth

BAH has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their target price 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. Raymond James raised Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 price objective for the company in a report on Monday, February 3rd. William Blair lowered Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. Cantor Fitzgerald raised Booz Allen Hamilton to a “strong-buy” rating in a report on Tuesday, February 25th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $109.00 target price (down from $150.00) on shares of Booz Allen Hamilton in a report on Friday, April 11th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Booz Allen Hamilton presently has an average rating of “Hold” and a consensus target price of $146.45.

Booz Allen Hamilton Price Performance

Booz Allen Hamilton stock opened at $128.90 on Monday. The company has a market cap of $16.32 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 1.25 and a beta of 0.56. The business’s 50 day simple moving average is $113.98 and its 200 day simple moving average is $127.97. Booz Allen Hamilton Holding Co. has a 12 month low of $101.05 and a 12 month high of $190.59. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.72.

Booz Allen Hamilton 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.