Allspring Global Investments Holdings LLC Has $168.14 Million Position in Booz Allen Hamilton Holding Corporation $BAH

Key Points

• Allspring Global Investments Holdings LLC has drastically increased its stake in Booz Allen Hamilton, now owning $168.14 million worth, representing a 187.5% increase in the second quarter.
• Booz Allen Hamilton reported $1.48 EPS for the last quarter, exceeding analyst expectations of $1.45, despite experiencing a 0.6% year-over-year decline in revenue.
• The company also announced a quarterly dividend of $0.55 per share, yielding 2.3%, with a payout ratio of 27.03%.

Allspring Global Investments Holdings LLC increased its holdings in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 187.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,566,826 shares of the business services provider's stock after acquiring an additional 1,021,809 shares during the quarter. Allspring Global Investments Holdings LLC owned about 1.26% of Booz Allen Hamilton worth $168,136,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Booz Allen Hamilton by 9.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 11,394 shares of the business services provider's stock worth $1,186,000 after acquiring an additional 962 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new position in shares of Booz Allen Hamilton during the 2nd quarter worth approximately $465,000. Trust Co. of Toledo NA OH acquired a new position in shares of Booz Allen Hamilton during the 2nd quarter worth approximately $39,000. Blue Trust Inc. increased its holdings in shares of Booz Allen Hamilton by 43.0% during the 2nd quarter. Blue Trust Inc. now owns 5,194 shares of the business services provider's stock worth $541,000 after acquiring an additional 1,561 shares during the last quarter. Finally, IFP Advisors Inc increased its holdings in shares of Booz Allen Hamilton by 16.7% during the 2nd quarter. IFP Advisors Inc now owns 1,042 shares of the business services provider's stock worth $109,000 after acquiring an additional 149 shares during the last quarter. 91.82% of the stock is owned by institutional investors and hedge funds.

Booz Allen Hamilton Stock Performance

NYSE:BAH opened at $97.14 on Monday. The stock has a fifty day moving average price of $105.25 and a 200-day moving average price of $108.87. The company has a market cap of $11.97 billion, a price-to-earnings ratio of 11.93, a PEG ratio of 1.53 and a beta of 0.42. The company has a debt-to-equity ratio of 3.66, a quick ratio of 1.78 and a current ratio of 1.78. Booz Allen Hamilton Holding Corporation has a fifty-two week low of $96.96 and a fifty-two week high of $190.59.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last released its earnings results on Friday, July 25th. The business services provider reported $1.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.45 by $0.03. The firm had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.96 billion. Booz Allen Hamilton had a return on equity of 73.05% and a net margin of 8.70%.The company's revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.38 EPS. Booz Allen Hamilton has set its FY 2026 guidance at 6.200-6.550 EPS. As a group, equities analysts anticipate that Booz Allen Hamilton Holding Corporation will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Thursday, August 14th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Thursday, August 14th. Booz Allen Hamilton's dividend payout ratio is presently 27.03%.

Analysts Set New Price Targets

Several research firms recently issued reports on BAH. Stifel Nicolaus boosted their price target on Booz Allen Hamilton from $112.00 to $119.00 and gave the company a "hold" rating in a research note on Monday, July 28th. Weiss Ratings restated a "hold (c)" rating on shares of Booz Allen Hamilton in a research note on Wednesday, October 8th. UBS Group set a $119.00 price target on Booz Allen Hamilton and gave the company a "neutral" rating in a research note on Monday, July 28th. JPMorgan Chase & Co. boosted their price target on Booz Allen Hamilton from $115.00 to $122.00 and gave the company an "underweight" rating in a research note on Monday, July 28th. Finally, William Blair upgraded Booz Allen Hamilton from a "market perform" rating to an "outperform" rating in a research note on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $134.00.

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.

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