Zions Bancorporation N.A. Purchases New Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Zions Bancorporation N.A. bought a new stake in Booz Allen Hamilton Holding Co. (NYSE:BAH – Get Rating) during the fourth quarter, Holdings Channel.com reports. The firm bought 5,596 shares of the business services provider’s stock, valued at approximately $585,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Intech Investment Management LLC raised its position in Booz Allen Hamilton by 44.6% in the third quarter. Intech Investment Management LLC now owns 71,766 shares of the business services provider’s stock valued at $6,628,000 after purchasing an additional 22,119 shares during the period. Signaturefd LLC raised its position in Booz Allen Hamilton by 21.0% in the third quarter. Signaturefd LLC now owns 2,055 shares of the business services provider’s stock valued at $190,000 after purchasing an additional 356 shares during the period. Cullen Frost Bankers Inc. raised its position in Booz Allen Hamilton by 7.7% in the third quarter. Cullen Frost Bankers Inc. now owns 1,934 shares of the business services provider’s stock valued at $179,000 after purchasing an additional 138 shares during the period. Bank of New York Mellon Corp raised its position in Booz Allen Hamilton by 13.4% in the third quarter. Bank of New York Mellon Corp now owns 928,484 shares of the business services provider’s stock valued at $85,745,000 after purchasing an additional 109,470 shares during the period. Finally, LPL Financial LLC raised its holdings in shares of Booz Allen Hamilton by 7.5% in the 4th quarter. LPL Financial LLC now owns 42,425 shares of the business services provider’s stock valued at $4,434,000 after buying an additional 2,972 shares during the period. Hedge funds and other institutional investors own 90.68% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on BAH shares. Wells Fargo & Company boosted their price objective on Booz Allen Hamilton from $109.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, February 1st. StockNews.com started coverage on Booz Allen Hamilton in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Finally, Morgan Stanley cut their price objective on Booz Allen Hamilton from $118.00 to $116.00 and set an “overweight” rating on the stock in a report on Thursday, February 2nd. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $104.63.

Insiders Place Their Bets

In other Booz Allen Hamilton news, EVP Elizabeth M. Thompson sold 27,925 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now owns 20,474 shares in the company, valued at approximately $2,026,926. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.23% of the stock is owned by company insiders.

Booz Allen Hamilton Stock Up 4.8 %

NYSE BAH traded up $4.33 during trading hours on Friday, hitting $94.18. 460,555 shares of the company were exchanged, compared to its average volume of 1,026,997. The company has a 50 day moving average of $93.85 and a two-hundred day moving average of $97.97. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 2.31. Booz Allen Hamilton Holding Co. has a 52-week low of $79.85 and a 52-week high of $112.55. The firm has a market cap of $12.46 billion, a price-to-earnings ratio of 29.41, a PEG ratio of 2.13 and a beta of 0.60.

About Booz Allen Hamilton

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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.