Sun Sep 15 16:16:51 UTC 2024: ## DekaBank Increases Stake in Booz Allen Hamilton, Other Hedge Funds Follow Suit

**New York, NY (MarketBeat News) – September 15, 2024** DekaBank Deutsche Girozentrale has boosted its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 20.1% in the second quarter, according to the company’s latest Form 13F filing. The German bank now owns 162,916 shares of the business services provider, valued at $25,302,000.

DekaBank isn’t alone in its bullish stance on BAH. Other hedge funds have also bought and sold shares of the company in recent quarters. Notable among them are:

* **Opal Wealth Advisors LLC:** Acquired a new stake in Booz Allen Hamilton worth approximately $26,000 in the second quarter.
* **OFI Invest Asset Management:** Bought a new stake valued at around $29,000 in the same period.
* **Banque Cantonale Vaudoise:** Increased its stake by 112.4% during the first quarter, now owning 206 shares worth $31,000.
* **Innealta Capital LLC:** Acquired a new stake in the second quarter worth roughly $34,000.
* **MCF Advisors LLC:** Raised its stake by 103.6% in the first quarter, currently holding 226 shares valued at $34,000.

Overall, institutional investors hold 91.82% of Booz Allen Hamilton’s stock, indicating strong institutional confidence in the company.

Analysts are also positive about BAH’s future prospects. Several firms have recently raised their price targets on the stock, with Jefferies Financial Group and Stifel Nicolaus issuing “buy” ratings. The average target price set by analysts is $159.33, suggesting a potential upside for the stock.

Despite missing earnings estimates in the last quarter, Booz Allen Hamilton remains a strong performer with a robust track record. The company continues to expand its offerings in areas like artificial intelligence and cybersecurity, which are driving growth and attracting investor interest.

**Booz Allen Hamilton remains a stock worth watching, with its strong institutional backing, positive analyst sentiment, and growth potential in key technology sectors.**

Read More