Fortune Financial Advisors LLC Sells 1,238 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Fortune Financial Advisors LLC decreased its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 27.5% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 3,263 shares of the business services provider’s stock after selling 1,238 shares during the period. Fortune Financial Advisors LLC’s holdings in Booz Allen Hamilton were worth $531,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of BAH. Opal Wealth Advisors LLC bought a new position in shares of Booz Allen Hamilton in the 2nd quarter valued at about $26,000. OFI Invest Asset Management bought a new position in Booz Allen Hamilton in the second quarter valued at approximately $29,000. MCF Advisors LLC grew its stake in Booz Allen Hamilton by 103.6% in the first quarter. MCF Advisors LLC now owns 226 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 115 shares in the last quarter. Innealta Capital LLC bought a new stake in shares of Booz Allen Hamilton during the 2nd quarter worth approximately $34,000. Finally, Crewe Advisors LLC acquired a new stake in shares of Booz Allen Hamilton in the 1st quarter valued at approximately $35,000. Institutional investors and hedge funds own 91.82% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. StockNews.com downgraded Booz Allen Hamilton from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company increased their price target on Booz Allen Hamilton from $165.00 to $185.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. TD Cowen reduced their price objective on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Monday, July 29th. Barclays dropped their price objective on shares of Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 30th. Finally, Truist Financial upped their price target on shares of Booz Allen Hamilton from $140.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday, September 5th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Booz Allen Hamilton has an average rating of “Hold” and a consensus target price of $170.75.

Booz Allen Hamilton Stock Performance

NYSE BAH opened at $181.93 on Friday. The firm has a 50-day moving average price of $158.82 and a two-hundred day moving average price of $153.47. Booz Allen Hamilton Holding Co. has a 12-month low of $114.69 and a 12-month high of $189.13. The company has a market capitalization of $23.53 billion, a P/E ratio of 39.55, a P/E/G ratio of 2.33 and a beta of 0.59. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 3.07.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings results on Friday, October 25th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.33. The business had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $2.96 billion. Booz Allen Hamilton had a return on equity of 65.80% and a net margin of 5.57%. Analysts anticipate that Booz Allen Hamilton Holding Co. will post 5.97 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Melody C. Barnes sold 1,041 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $143.31, for a total transaction of $149,185.71. Following the completion of the sale, the director now owns 18,123 shares of the company’s stock, valued at $2,597,207.13. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Booz Allen Hamilton news, Director Melody C. Barnes sold 1,041 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $143.31, for a total transaction of $149,185.71. Following the completion of the sale, the director now directly owns 18,123 shares in the company, valued at $2,597,207.13. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Matthew Calderone sold 3,865 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $160.00, for a total value of $618,400.00. Following the sale, the chief financial officer now owns 33,683 shares of the company’s stock, valued at approximately $5,389,280. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.59% of the stock is owned by company insiders.

Booz Allen Hamilton Company Profile

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