abrdn plc Sells 1,823 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

abrdn plc reduced its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 53.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,584 shares of the business services provider’s stock after selling 1,823 shares during the quarter. abrdn plc’s holdings in Booz Allen Hamilton were worth $203,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. VisionPoint Advisory Group LLC grew its position in Booz Allen Hamilton by 75.6% during the third quarter. VisionPoint Advisory Group LLC now owns 274 shares of the business services provider’s stock valued at $30,000 after buying an additional 118 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of Booz Allen Hamilton in the 3rd quarter worth $31,000. BKM Wealth Management LLC purchased a new stake in shares of Booz Allen Hamilton in the 4th quarter worth $40,000. First Financial Corp IN increased its stake in shares of Booz Allen Hamilton by 21.3% in the 4th quarter. First Financial Corp IN now owns 472 shares of the business services provider’s stock worth $60,000 after purchasing an additional 83 shares in the last quarter. Finally, Altshuler Shaham Ltd purchased a new stake in shares of Booz Allen Hamilton in the 3rd quarter worth $53,000. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Stock Up 0.1 %

BAH opened at $147.67 on Wednesday. The firm has a 50-day simple moving average of $146.07 and a two-hundred day simple moving average of $135.37. Booz Allen Hamilton Holding Co. has a 52 week low of $89.80 and a 52 week high of $150.59. The company has a market capitalization of $19.16 billion, a PE ratio of 47.64, a price-to-earnings-growth ratio of 1.96 and a beta of 0.53. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 3.10.

Insider Buying and Selling at Booz Allen Hamilton

In other Booz Allen Hamilton news, CFO Matthew Calderone sold 1,500 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $146.51, for a total transaction of $219,765.00. Following the completion of the transaction, the chief financial officer now owns 25,462 shares of the company’s stock, valued at approximately $3,730,437.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Horacio Rozanski sold 49,000 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $145.69, for a total value of $7,138,810.00. Following the completion of the transaction, the chief executive officer now owns 557,411 shares of the company’s stock, valued at approximately $81,209,208.59. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Matthew Calderone sold 1,500 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $146.51, for a total transaction of $219,765.00. Following the completion of the transaction, the chief financial officer now directly owns 25,462 shares of the company’s stock, valued at approximately $3,730,437.62. The disclosure for this sale can be found here. Insiders own 1.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Barclays lowered Booz Allen Hamilton from an “equal weight” rating to an “underweight” rating in a research note on Friday, January 5th. Wells Fargo & Company upped their target price on shares of Booz Allen Hamilton from $138.00 to $158.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 30th. JPMorgan Chase & Co. upped their target price on shares of Booz Allen Hamilton from $120.00 to $136.00 and gave the stock a “neutral” rating in a report on Tuesday, February 6th. The Goldman Sachs Group upped their target price on shares of Booz Allen Hamilton from $141.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, January 29th. Finally, Truist Financial upped their target price on shares of Booz Allen Hamilton from $120.00 to $145.00 and gave the stock a “hold” rating in a report on Monday, January 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $145.11.

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