Axxcess Wealth Management LLC Sells 5,234 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Axxcess Wealth Management LLC lowered its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 72.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,020 shares of the business services provider's stock after selling 5,234 shares during the quarter. Axxcess Wealth Management LLC's holdings in Booz Allen Hamilton were worth $329,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BAH. Opal Wealth Advisors LLC bought a new position in Booz Allen Hamilton in the second quarter valued at approximately $26,000. OFI Invest Asset Management acquired a new position in shares of Booz Allen Hamilton during the 2nd quarter worth about $29,000. Innealta Capital LLC acquired a new stake in shares of Booz Allen Hamilton in the second quarter valued at about $34,000. Crewe Advisors LLC bought a new stake in Booz Allen Hamilton during the first quarter worth about $35,000. Finally, Gilliland Jeter Wealth Management LLC bought a new position in Booz Allen Hamilton in the third quarter valued at approximately $45,000. Institutional investors own 91.82% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. downgraded Booz Allen Hamilton from a "neutral" rating to an "underweight" rating and boosted their price target for the stock from $154.00 to $158.00 in a research report on Wednesday, October 2nd. Jefferies Financial Group downgraded Booz Allen Hamilton from a "buy" rating to a "hold" rating and boosted their price target for the company from $180.00 to $190.00 in a research note on Monday, November 4th. Wells Fargo & Company increased their price objective on Booz Allen Hamilton from $185.00 to $206.00 and gave the stock an "overweight" rating in a research report on Monday, October 28th. The Goldman Sachs Group boosted their target price on shares of Booz Allen Hamilton from $174.00 to $196.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. Finally, TD Cowen dropped 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 note on Monday, July 29th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Booz Allen Hamilton currently has an average rating of "Hold" and an average target price of $180.63.

Booz Allen Hamilton Stock Down 10.1 %

Shares of BAH traded down $17.43 on Thursday, reaching $154.57. The company's stock had a trading volume of 4,467,773 shares, compared to its average volume of 743,894. The stock has a market capitalization of $19.75 billion, a PE ratio of 24.27, a PEG ratio of 2.18 and a beta of 0.58. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 2.76. Booz Allen Hamilton Holding Co. has a twelve month low of $123.17 and a twelve month high of $190.59. The firm has a fifty day moving average of $165.70 and a 200-day moving average of $156.95.

Booz Allen Hamilton Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Friday, November 15th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.04 annualized dividend and a dividend yield of 1.32%. Booz Allen Hamilton's payout ratio is 32.03%.

Insider Buying and Selling

In other news, EVP Richard Crowe sold 4,243 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $165.00, for a total transaction of $700,095.00. Following the completion of the transaction, the executive vice president now owns 25,496 shares in the company, valued at approximately $4,206,840. This represents a 14.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Matthew Calderone sold 3,865 shares of the business's stock in a transaction dated Monday, September 23rd. The shares were 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 owns 33,683 shares in the company, valued at $5,389,280. This represents a 10.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,173 shares of company stock worth $1,989,220. 1.59% of the stock is owned by corporate insiders.

Booz Allen Hamilton 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.