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

Fortune Financial Advisors LLC lowered its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 27.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Booz Allen Hamilton by 2.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,406,880 shares of the business services provider’s stock valued at $1,544,798,000 after purchasing an additional 222,884 shares in the last quarter. AGF Management Ltd. boosted its position in Booz Allen Hamilton by 63.4% during the 2nd quarter. AGF Management Ltd. now owns 1,750,610 shares of the business services provider’s stock worth $269,419,000 after buying an additional 679,280 shares during the period. American Century Companies Inc. grew its holdings in Booz Allen Hamilton by 6.1% during the 2nd quarter. American Century Companies Inc. now owns 1,672,961 shares of the business services provider’s stock worth $257,469,000 after acquiring an additional 96,553 shares during the last quarter. Bessemer Group Inc. increased its position in Booz Allen Hamilton by 1.9% in the 1st quarter. Bessemer Group Inc. now owns 1,178,784 shares of the business services provider’s stock valued at $174,978,000 after acquiring an additional 22,545 shares during the period. Finally, Captrust Financial Advisors increased its position in Booz Allen Hamilton by 29.4% in the 1st quarter. Captrust Financial Advisors now owns 1,076,130 shares of the business services provider’s stock valued at $159,741,000 after acquiring an additional 244,391 shares during the period. Institutional investors and hedge funds own 91.82% of the company’s stock.

Insider Activity

In related news, CFO Matthew Calderone sold 3,865 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $160.00, for a total value of $618,400.00. Following the completion of the sale, the chief financial officer now directly owns 33,683 shares of the company’s stock, valued at $5,389,280. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 shares were sold at an average price of $143.31, for a total transaction of $149,185.71. Following the transaction, the director now owns 18,123 shares in the company, valued at approximately $2,597,207.13. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Matthew Calderone sold 3,865 shares of Booz Allen Hamilton stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $160.00, for a total transaction of $618,400.00. Following the transaction, the chief financial officer now owns 33,683 shares of the company’s stock, valued at $5,389,280. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.59% of the company’s stock.

Analyst Upgrades and Downgrades

BAH has been the topic of several analyst reports. JPMorgan Chase & Co. cut shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and boosted their price objective for the stock from $154.00 to $158.00 in a research note on Wednesday, October 2nd. TD Cowen reduced their price target on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Monday, July 29th. Barclays lowered their price objective on Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating for the company in a research report on Tuesday, July 30th. The Goldman Sachs Group lifted their price objective on Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Finally, Truist Financial increased their target price on shares of Booz Allen Hamilton from $140.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday, September 5th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Booz Allen Hamilton presently has an average rating of “Hold” and a consensus price target of $170.75.

Booz Allen Hamilton Price Performance

Shares of BAH opened at $181.93 on Friday. The firm has a market cap of $23.53 billion, a PE ratio of 39.55, a price-to-earnings-growth ratio of 2.33 and a beta of 0.59. Booz Allen Hamilton Holding Co. has a 52-week low of $114.69 and a 52-week high of $189.13. The business’s 50 day moving average price is $158.82 and its two-hundred day moving average price is $153.47. The company has a debt-to-equity ratio of 3.07, a quick ratio of 1.55 and a current ratio of 1.55.

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

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