Campbell & CO Investment Adviser LLC Trims Stock Position in Booz Allen Hamilton Holding Corporation $BAH

Campbell & CO Investment Adviser LLC decreased its stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 63.8% during the third quarter, Holdings Channel reports. The institutional investor owned 4,783 shares of the business services provider’s stock after selling 8,439 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Booz Allen Hamilton were worth $478,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Booz Allen Hamilton by 0.5% during the second quarter. Vanguard Group Inc. now owns 13,137,237 shares of the business services provider’s stock valued at $1,367,980,000 after acquiring an additional 65,496 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Booz Allen Hamilton by 58.2% during the 2nd quarter. AQR Capital Management LLC now owns 2,565,792 shares of the business services provider’s stock worth $264,251,000 after purchasing an additional 943,660 shares during the period. Geode Capital Management LLC increased its holdings in shares of Booz Allen Hamilton by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 2,417,306 shares of the business services provider’s stock valued at $251,000,000 after purchasing an additional 37,519 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Booz Allen Hamilton by 49.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,345,982 shares of the business services provider’s stock valued at $240,698,000 after purchasing an additional 779,156 shares during the period. Finally, Bank of America Corp DE boosted its holdings in Booz Allen Hamilton by 14.7% during the second quarter. Bank of America Corp DE now owns 2,297,416 shares of the business services provider’s stock worth $239,230,000 after buying an additional 293,603 shares in the last quarter. 91.82% of the stock is owned by institutional investors and hedge funds.

Booz Allen Hamilton Price Performance

NYSE:BAH opened at $95.74 on Friday. The stock has a 50 day moving average of $87.92 and a two-hundred day moving average of $97.34. Booz Allen Hamilton Holding Corporation has a 12 month low of $79.23 and a 12 month high of $146.95. The firm has a market cap of $11.61 billion, a P/E ratio of 14.62, a price-to-earnings-growth ratio of 1.68 and a beta of 0.34. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 3.89.

Booz Allen Hamilton (NYSE:BAH) last released its earnings results on Friday, October 24th. The business services provider reported $1.49 earnings per share for the quarter, meeting the consensus estimate of $1.49. Booz Allen Hamilton had a return on equity of 71.87% and a net margin of 7.06%.The business had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter last year, the business posted $1.81 earnings per share. The business’s quarterly revenue was down 8.1% compared to the same quarter last year. On average, analysts expect that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on BAH shares. Truist Financial set a $90.00 price objective on shares of Booz Allen Hamilton in a report on Friday, October 24th. The Goldman Sachs Group cut their price target on Booz Allen Hamilton from $93.00 to $80.00 and set a “sell” rating for the company in a research note on Monday, October 27th. UBS Group reduced their price target on Booz Allen Hamilton from $115.00 to $93.00 and set a “neutral” rating for the company in a report on Monday, October 27th. TD Cowen lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Friday, October 17th. Finally, JPMorgan Chase & Co. cut their price objective on Booz Allen Hamilton from $122.00 to $90.00 and set an “underweight” rating for the company in a research report on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Booz Allen Hamilton has a consensus rating of “Hold” and an average target price of $109.46.

Insider Buying and Selling

In other news, CEO Horacio Rozanski acquired 23,800 shares of the firm’s stock in a transaction on Thursday, October 30th. The shares were bought at an average price of $84.66 per share, for a total transaction of $2,014,908.00. Following the acquisition, the chief executive officer owned 687,745 shares of the company’s stock, valued at approximately $58,224,491.70. This trade represents a 3.58% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.91% of the company’s stock.

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.