Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 677.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,678 shares of the business services provider’s stock after acquiring an additional 21,503 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Booz Allen Hamilton were worth $3,162,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Peterson Financial Group Inc. acquired a new position in shares of Booz Allen Hamilton during the third quarter valued at approximately $31,000. R Squared Ltd acquired a new position in shares of Booz Allen Hamilton during the fourth quarter valued at approximately $31,000. Berbice Capital Management LLC acquired a new position in shares of Booz Allen Hamilton during the fourth quarter valued at approximately $39,000. Kennebec Savings Bank acquired a new position in shares of Booz Allen Hamilton during the third quarter valued at approximately $60,000. Finally, Matrix Trust Co raised its holdings in shares of Booz Allen Hamilton by 734.8% during the fourth quarter. Matrix Trust Co now owns 743 shares of the business services provider’s stock valued at $96,000 after acquiring an additional 654 shares during the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on BAH shares. JPMorgan Chase & Co. cut their price target on Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating for the company in a report on Monday, February 3rd. Barclays raised Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price target for the company in a report on Monday, January 6th. Jefferies Financial Group lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating and increased their price objective for the stock from $180.00 to $190.00 in a research report on Monday, November 4th. StockNews.com lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. Finally, The Goldman Sachs Group lowered their price objective on Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $158.91.

Booz Allen Hamilton Trading Down 3.6 %

BAH opened at $113.54 on Friday. Booz Allen Hamilton Holding Co. has a 52 week low of $110.57 and a 52 week high of $190.59. The business has a fifty day simple moving average of $129.90 and a 200-day simple moving average of $147.98. The firm has a market cap of $14.38 billion, a P/E ratio of 16.92, a P/E/G ratio of 1.32 and a beta of 0.55. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 2.72.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 EPS for the quarter, topping the consensus estimate of $1.48 by $0.07. Booz Allen Hamilton had a return on equity of 68.97% and a net margin of 7.39%. On average, equities analysts expect that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th will be paid a $0.55 dividend. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.51. This represents a $2.20 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Friday, February 14th. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 32.79%.

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.