Verdence Capital Advisors LLC Sells 9,090 Shares of Booz Allen Hamilton Holding Corporation $BAH

Verdence Capital Advisors LLC cut its holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 40.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,361 shares of the business services provider’s stock after selling 9,090 shares during the period. Verdence Capital Advisors LLC’s holdings in Booz Allen Hamilton were worth $1,127,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Booz Allen Hamilton by 22.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,167 shares of the business services provider’s stock worth $2,737,000 after purchasing an additional 4,870 shares during the period. NewEdge Advisors LLC boosted its stake in shares of Booz Allen Hamilton by 365.0% during the 1st quarter. NewEdge Advisors LLC now owns 11,750 shares of the business services provider’s stock worth $1,229,000 after purchasing an additional 9,223 shares during the period. Sivia Capital Partners LLC boosted its stake in shares of Booz Allen Hamilton by 53.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,460 shares of the business services provider’s stock worth $464,000 after purchasing an additional 1,559 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Booz Allen Hamilton by 132.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,429 shares of the business services provider’s stock worth $149,000 after purchasing an additional 815 shares during the period. Finally, Cresset Asset Management LLC boosted its stake in shares of Booz Allen Hamilton by 6.2% during the 2nd quarter. Cresset Asset Management LLC now owns 3,257 shares of the business services provider’s stock worth $339,000 after purchasing an additional 191 shares during the period. 91.82% of the stock is currently owned by institutional investors.

Booz Allen Hamilton Price Performance

Shares of BAH opened at $76.16 on Tuesday. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.81 and a quick ratio of 1.81. The company’s fifty day moving average price is $79.33 and its 200-day moving average price is $85.32. Booz Allen Hamilton Holding Corporation has a 1-year low of $73.93 and a 1-year high of $130.91. The firm has a market capitalization of $9.18 billion, a PE ratio of 11.32, a price-to-earnings-growth ratio of 4.54 and a beta of 0.35.

Booz Allen Hamilton (NYSE:BAH) last released its earnings results on Friday, January 23rd. The business services provider reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.51. Booz Allen Hamilton had a return on equity of 76.79% and a net margin of 7.35%.The firm had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.74 billion. During the same period in the prior year, the firm earned $1.55 EPS. The firm’s revenue was down 10.2% on a year-over-year basis. On average, equities research analysts predict that Booz Allen Hamilton Holding Corporation will post 6.07 EPS for the current year.

Wall Street Analyst Weigh In

BAH has been the subject of a number of recent analyst reports. Stifel Nicolaus lifted their price target on shares of Booz Allen Hamilton from $106.00 to $115.00 and gave the stock a “hold” rating in a research note on Monday, January 26th. Weiss Ratings cut shares of Booz Allen Hamilton from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday. Wells Fargo & Company began coverage on shares of Booz Allen Hamilton in a research report on Wednesday, April 1st. They issued an “equal weight” rating and a $85.00 price objective for the company. Truist Financial lowered their price objective on shares of Booz Allen Hamilton from $98.00 to $85.00 and set a “hold” rating for the company in a research report on Monday, April 20th. Finally, Citigroup lowered their price objective on shares of Booz Allen Hamilton from $109.00 to $87.00 and set a “neutral” rating for the company in a research report on Thursday, April 2nd. One analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, Booz Allen Hamilton presently has a consensus rating of “Reduce” and a consensus price target of $94.17.

About Booz Allen Hamilton

Booz Allen Hamilton Holding Corporation is a publicly traded management and technology consulting firm headquartered in McLean, Virginia. The company provides a wide range of professional services and solutions in strategy, analytics, digital transformation, engineering and cyber security. Its expertise spans from supporting federal civilian agencies to defense, intelligence and homeland security organizations, as well as select commercial industries.

Key offerings include data analytics and artificial intelligence applications, software development and modernization, systems integration, and cyber risk management.