Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Posted by on May 28th, 2023

Mirae Asset Global Investments Co. Ltd. raised its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH – Get Rating) by 0.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,585 shares of the business services provider’s stock after purchasing an additional 127 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Booz Allen Hamilton were worth $1,733,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in BAH. Bessemer Group Inc. grew its holdings in Booz Allen Hamilton by 854.8% in the 3rd quarter. Bessemer Group Inc. now owns 296 shares of the business services provider’s stock valued at $27,000 after buying an additional 265 shares during the last quarter. New England Capital Financial Advisors LLC acquired a new stake in Booz Allen Hamilton in the 4th quarter valued at approximately $50,000. Heritage Wealth Advisors acquired a new stake in Booz Allen Hamilton in the 4th quarter valued at approximately $55,000. Standard Family Office LLC acquired a new stake in Booz Allen Hamilton in the 3rd quarter valued at $57,000. Finally, IFP Advisors Inc boosted its stake in Booz Allen Hamilton by 34.7% in the 3rd quarter. IFP Advisors Inc now owns 1,014 shares of the business services provider’s stock valued at $58,000 after buying an additional 261 shares in the last quarter. 90.68% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BAH has been the topic of several recent analyst reports. Morgan Stanley decreased their price target on Booz Allen Hamilton from $118.00 to $116.00 and set an “overweight” rating on the stock in a research note on Thursday, February 2nd. StockNews.com began coverage on Booz Allen Hamilton in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Finally, Wells Fargo & Company lifted their price objective on Booz Allen Hamilton from $109.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, February 1st. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Booz Allen Hamilton has a consensus rating of “Moderate Buy” and a consensus price target of $104.63.

Booz Allen Hamilton Trading Up 7.1 %

Shares of BAH opened at $96.25 on Friday. The stock has a fifty day moving average price of $94.00 and a two-hundred day moving average price of $97.80. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.44 and a current ratio of 1.44. Booz Allen Hamilton Holding Co. has a 52-week low of $79.85 and a 52-week high of $112.55. The company has a market cap of $12.73 billion, a price-to-earnings ratio of 29.89, a PEG ratio of 2.09 and a beta of 0.60.

Booz Allen Hamilton (NYSE:BAH – Get Rating) last released its earnings results on Friday, May 26th. The business services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.09. The company had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.39 billion. Booz Allen Hamilton had a return on equity of 51.31% and a net margin of 4.76%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.86 earnings per share. Analysts predict that Booz Allen Hamilton Holding Co. will post 4.47 EPS for the current fiscal year.

Insider Transactions at Booz Allen Hamilton

In other news, EVP Elizabeth M. Thompson sold 27,925 shares of the business’s stock in a transaction on Friday, April 21st. The stock was sold at an average price of $99.00, for a total transaction of $2,764,575.00. Following the completion of the sale, the executive vice president now owns 20,474 shares in the company, valued at $2,026,926. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.23% of the stock is currently owned by corporate insiders.

Booz Allen Hamilton Profile

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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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