Bank Julius Baer & Co. Ltd Zurich Sells 70,024 Shares of Booz Allen Hamilton Holding Corporation $BAH

Bank Julius Baer & Co. Ltd Zurich cut its stake in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 57.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,217 shares of the business services provider’s stock after selling 70,024 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Booz Allen Hamilton were worth $4,405,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rakuten Securities Inc. increased its position in shares of Booz Allen Hamilton by 414.6% during the second quarter. Rakuten Securities Inc. now owns 247 shares of the business services provider’s stock valued at $26,000 after buying an additional 199 shares during the period. Cornerstone Planning Group LLC increased its position in shares of Booz Allen Hamilton by 244.0% during the third quarter. Cornerstone Planning Group LLC now owns 289 shares of the business services provider’s stock valued at $29,000 after buying an additional 205 shares during the period. Activest Wealth Management increased its position in shares of Booz Allen Hamilton by 141.3% during the fourth quarter. Activest Wealth Management now owns 304 shares of the business services provider’s stock valued at $26,000 after buying an additional 178 shares during the period. Torren Management LLC bought a new stake in shares of Booz Allen Hamilton during the fourth quarter valued at about $26,000. Finally, Fulcrum Asset Management LLP bought a new stake in shares of Booz Allen Hamilton during the third quarter valued at about $32,000. 91.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Citigroup decreased their price target on Booz Allen Hamilton from $109.00 to $87.00 and set a “neutral” rating on the stock in a research report on Thursday, April 2nd. Truist Financial decreased their price objective on shares of Booz Allen Hamilton from $98.00 to $85.00 and set a “hold” rating on the stock in a research report on Monday, April 20th. DA Davidson set a $81.00 price objective on shares of Booz Allen Hamilton in a research report on Tuesday, January 27th. Jefferies Financial Group set a $85.00 price objective on shares of Booz Allen Hamilton in a research report on Monday. Finally, UBS Group restated a “neutral” rating and issued a $97.00 price objective on shares of Booz Allen Hamilton in a research report on Tuesday, January 27th. One research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Booz Allen Hamilton presently has a consensus rating of “Reduce” and an average target price of $93.33.

Booz Allen Hamilton Stock Performance

NYSE:BAH opened at $72.60 on Friday. The firm has a market cap of $8.75 billion, a PE ratio of 10.79, a price-to-earnings-growth ratio of 4.24 and a beta of 0.32. Booz Allen Hamilton Holding Corporation has a fifty-two week low of $68.83 and a fifty-two week high of $130.91. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.81 and a current ratio of 1.81. The business has a 50 day moving average price of $78.81 and a 200-day moving average price of $83.53.

Booz Allen Hamilton Profile

Booz Allen Hamilton Holding Corporation is a publicly traded management and technology consulting firm headquartered in McLean, Virginia. The company provides a wide range of professional services and solutions in strategy, analytics, digital transformation, engineering and cyber security. Its expertise spans from supporting federal civilian agencies to defense, intelligence and homeland security organizations, as well as select commercial industries.

Key offerings include data analytics and artificial intelligence applications, software development and modernization, systems integration, and cyber risk management.