Allspring Global Investments Holdings LLC Has $58.51 Million Stock Holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Allspring Global Investments Holdings LLC raised its stake in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 2,108.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 545,017 shares of the business services provider's stock after purchasing an additional 520,339 shares during the period. Allspring Global Investments Holdings LLC owned 0.43% of Booz Allen Hamilton worth $58,513,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its holdings in Booz Allen Hamilton by 12.5% during the fourth quarter. JPMorgan Chase & Co. now owns 4,518,386 shares of the business services provider's stock valued at $581,516,000 after purchasing an additional 501,725 shares during the last quarter. First Trust Advisors LP grew its holdings in Booz Allen Hamilton by 15.3% during the fourth quarter. First Trust Advisors LP now owns 2,804,642 shares of the business services provider's stock valued at $360,957,000 after purchasing an additional 371,390 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Booz Allen Hamilton by 179.7% during the fourth quarter. Janus Henderson Group PLC now owns 1,767,129 shares of the business services provider's stock valued at $227,425,000 after purchasing an additional 1,135,426 shares during the last quarter. Bessemer Group Inc. grew its holdings in Booz Allen Hamilton by 15.3% during the first quarter. Bessemer Group Inc. now owns 1,710,181 shares of the business services provider's stock valued at $178,853,000 after purchasing an additional 226,761 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in Booz Allen Hamilton by 61.4% during the fourth quarter. Bank of America Corp DE now owns 1,552,217 shares of the business services provider's stock valued at $199,770,000 after purchasing an additional 590,655 shares during the last quarter. Institutional investors and hedge funds own 91.82% of the company's stock.

Analyst Ratings Changes

BAH has been the topic of several research analyst reports. The Goldman Sachs Group downgraded shares of Booz Allen Hamilton from a "neutral" rating to a "sell" rating and lowered their price objective for the stock from $108.00 to $94.00 in a research note on Wednesday, May 28th. Raymond James Financial restated a "market perform" rating on shares of Booz Allen Hamilton in a research note on Friday, May 23rd. Barclays lowered their price objective on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 28th. Wells Fargo & Company lowered their price objective on shares of Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating on the stock in a research note on Friday, May 23rd. Finally, Truist Financial lowered their price objective on shares of Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $134.64.

Booz Allen Hamilton Stock Down 0.1%

Shares of BAH stock opened at $103.15 on Monday. The stock has a market cap of $12.81 billion, a P/E ratio of 14.23, a price-to-earnings-growth ratio of 1.60 and a beta of 0.49. Booz Allen Hamilton Holding Corporation has a one year low of $98.95 and a one year high of $190.59. The stock has a fifty day moving average price of $112.45 and a 200 day moving average price of $117.69. The company has a debt-to-equity ratio of 3.90, a current ratio of 1.79 and a quick ratio of 1.79.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last issued its quarterly earnings data on Friday, May 23rd. The business services provider reported $1.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.59 by $0.02. The company had revenue of $2.97 billion during the quarter, compared to analysts' expectations of $3.03 billion. Booz Allen Hamilton had a return on equity of 72.35% and a net margin of 7.81%. The business's revenue was up 7.3% on a year-over-year basis. During the same period last year, the business earned $1.33 earnings per share. Analysts predict that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current year.

Booz Allen Hamilton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Wednesday, June 11th were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.13%. Booz Allen Hamilton's payout ratio is presently 30.34%.

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.

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