Point72 Asia Singapore Pte. Ltd. Purchases New Shares in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) during the 4th quarter, HoldingsChannel reports. The firm purchased 260 shares of the business services provider’s stock, valued at approximately $33,000.

Several other institutional investors have also modified their holdings of BAH. Norges Bank acquired a new stake in shares of Booz Allen Hamilton in the fourth quarter valued at about $196,578,000. Raymond James Financial Inc. acquired a new stake in shares of Booz Allen Hamilton in the fourth quarter valued at about $173,055,000. Janus Henderson Group PLC grew its position in shares of Booz Allen Hamilton by 179.7% in the fourth quarter. Janus Henderson Group PLC now owns 1,767,129 shares of the business services provider’s stock valued at $227,425,000 after purchasing an additional 1,135,426 shares during the period. Man Group plc grew its position in shares of 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 purchasing an additional 1,081,239 shares during the period. Finally, Bank of America Corp DE grew its position in shares of 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 purchasing an additional 590,655 shares during the period. Institutional investors and hedge funds own 91.82% of the company’s stock.

Booz Allen Hamilton Price Performance

Shares of BAH stock opened at $129.05 on Tuesday. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.57 and a quick ratio of 1.57. The firm’s 50-day moving average is $114.33 and its two-hundred day moving average is $127.60. 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 market capitalization of $16.34 billion, a PE ratio of 19.23, a price-to-earnings-growth ratio of 1.25 and a beta of 0.56.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. The Goldman Sachs Group reiterated a “neutral” rating and issued a $109.00 target price (down previously from $150.00) on shares of Booz Allen Hamilton in a research report on Friday, April 11th. UBS Group raised their price target on shares of Booz Allen Hamilton from $120.00 to $135.00 and gave the stock a “neutral” rating in a research note on Monday. Cantor Fitzgerald raised shares of Booz Allen Hamilton to a “strong-buy” rating in a research note on Tuesday, February 25th. Truist Financial decreased their price target on shares of Booz Allen Hamilton from $142.00 to $110.00 and set a “hold” rating on the stock in a research note on Monday, April 14th. Finally, Wells Fargo & Company decreased their price target on shares of Booz Allen Hamilton from $164.00 to $148.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $144.27.

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.