Fortune Financial Advisors LLC Acquires 244 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Fortune Financial Advisors LLC boosted its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 7.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,507 shares of the business services provider’s stock after buying an additional 244 shares during the period. Fortune Financial Advisors LLC’s holdings in Booz Allen Hamilton were worth $451,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in BAH. Mackenzie Financial Corp raised its holdings in shares of Booz Allen Hamilton by 104.7% in the 2nd quarter. Mackenzie Financial Corp now owns 12,654 shares of the business services provider’s stock worth $1,947,000 after acquiring an additional 6,471 shares during the last quarter. Algert Global LLC purchased a new stake in shares of Booz Allen Hamilton in the second quarter worth approximately $434,000. Creative Planning lifted its holdings in shares of Booz Allen Hamilton by 16.7% in the second quarter. Creative Planning now owns 6,727 shares of the business services provider’s stock valued at $1,035,000 after purchasing an additional 962 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of Booz Allen Hamilton in the second quarter valued at approximately $439,000. Finally, Sanctuary Advisors LLC bought a new stake in Booz Allen Hamilton during the second quarter worth $2,289,000. 91.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Truist Financial dropped their price objective on Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating on the stock in a research note on Friday, November 22nd. The Goldman Sachs Group cut their price target on shares of Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Barclays upgraded shares of Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price objective for the company in a research note on Monday, January 6th. StockNews.com downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. Finally, Wells Fargo & Company decreased their price target on Booz Allen Hamilton from $177.00 to $171.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $161.78.

Booz Allen Hamilton Price Performance

BAH stock opened at $128.92 on Friday. The firm has a 50 day moving average of $136.19 and a 200-day moving average of $150.83. The firm has a market capitalization of $16.47 billion, a P/E ratio of 20.24, a price-to-earnings-growth ratio of 1.72 and a beta of 0.55. Booz Allen Hamilton Holding Co. has a 12 month low of $125.91 and a 12 month high of $190.59. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 2.76.

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.